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Clean Energy Producers Are Eyeing Old Coal Plants—for the Wiring

From bnnbloomberg.ca

As demand for clean energy surges, would-be developers are struggling to find enough transmission lines to carry power to the people. One increasingly popular solution: retired coal plants. Much as a special-purpose acquisition company offers entrepreneurs quick access to public markets, a retired power facility offers renewable energy producers a back door onto the grid. Denmark’s Orsted AS, for instance, is developing a 1.1-gigawatt wind farm off the New Jersey coast that’s expected to go into service in 2024. The turbines will be at least 15 miles (24 kilometers) from shore, and Orsted plans to connect them to the ... (full story)

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  • Category: Fundamental Analysis