'We'll seek compensation': Norwegian metals giant confirms record green power deal has gone sour - Recharge
'We'll seek compensation': Norwegian metals giant confirms record green power deal has gone sour | Recharge
Metals giant Hydro said it will seek compensation over electricity supplies from one of Europe’s largest wind farms as it gave more details of how a record-breaking corporate green power deal went sour.
Hydro confirmed reports that the Chinese-controlled 653MW Markbygden Ett wind farm – a sub-project of Europe’s largest wind complex – had entered a restructuring process under Swedish corporate law following a court hearing this week.
Related Knowledge Center: ENERGY BASICS: coal
The use of coal, a staple of heating and electricity-generation for decades, is in decline in the United States — supplanted by newly abundant production of natural gas — but is still dominant in some parts of the world. While economical, coal use is particularly problematic as international attention focuses increasingly on climate change.