Vattenfall shelves 1.3GW Norfolk Boreas offshore project amid spiralling costs
Vattenfall shelves 1.3GW Norfolk Boreas offshore project amid spiralling costs | Windpower Monthly
Vattenfall shelves 1.3GW Norfolk Boreas offshore project amid spiralling costs
Swedish developer Vattenfall has announced that it will stop work on its 1.3GW Norfolk Boreas offshore wind project, citing soaring costs and inflation.
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Related Knowledge Center: ENERGY BASICS: hydropower
Hydropower — electricity generated by turbines capturing energy from moving water — was for many years the primary contributor of renewable energy to the U.S. electricity grid. Its growth was rapid into the 1970s, and since then has offered a stable supply of power, while a declining share of all generation. For many years, hydropower was seen as clean energy and an unalloyed good, but a greater understanding of the impact of dams on ecosystems and wildlife has led to the removal of some dams. As of 2019, hydropower trails wind as a renewable source of power generation.