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Tech giant Microsoft announced an initial investment of $ 1 billion to support three new data centers in Licking County, Ohio. The company on Oct. 28 confirmed construction of campuses in […]
The post Microsoft Announces $ 1 Billion Investment in Ohio Data Centers as Officials Ponder Power Demands appeared first on POWER Magazine.
A solar-plus-storage project valued at more than $ 2.33 billion is preparing for construction after receiving a Record of Decision (ROD) from the U.S. Dept. of the Interior. Arevia Power on […]
The post $ 2.33 Billion Solar-Plus-Storage Project Set in Nevada appeared first on POWER Magazine.
A New York-based power and energy infrastructure group will acquire more than 3 GW of operating renewable energy assets, along with another 8 GW of projects under development, from a […]
The post LS Power Acquiring Renewable Energy Assets in $ 2.5. Billion Deal appeared first on POWER Magazine.
Government officials in India have reportedly asked the country’s power companies to spend billions on equipment to support additional coal-fired generation. India is looking for ways to more quickly increase […]
The post Report: India Supports $ 33 Billion Investment in New Coal-Fired Generation appeared first on POWER Magazine.
Masdar, the Abu Dhabi-based renewable energy major, said it has agreed to buy Greece’s Terna Energy in a €3.2 billion ($ 3.4 billion) deal. The agreement signed June 20 is one […]
The post Masdar Inks $ 3.4 Billion Deal to Acquire Greece Renewable Energy Major appeared first on POWER Magazine.
An updated financial report from one of the owners of the Plant Vogtle nuclear expansion in Georgia shows the cost to build two new reactors has now topped $ 30 billion, more than double the original price tag expected for the project.
The Municipal Electric Authority of Georgia (MEAG), one of four groups with an ownership stake in the Vogtle expansion, on May 6 raised its total cost forecast for the project to $ 7.8 billion, up from $ 7.5 billion. The group’s updated figures, when combined with cost estimates from the other owners, push the cost to build two new 1,100-MW reactors at the site in Waynesboro, Georgia, to at least $ 30.3 billion.
The owners’ updated cost estimate does not include the $ 3.68 billion that original contractor Westinghouse paid to the project’s owners after Westinghouse declared bankruptcy, putting total spending for the expansion in the range of $ 34 billion.
MEAG, which provides power to city-owned utilities, owns 22.7% of Vogtle.…