Virginia Transformer Utilizes Cost-Optimization to Enhance Viability of Alternative Energy
The primary obstacle for renewable energy to overcome is cost. At present, the vast majority of renewable energy projects are simply not competitive in price with traditional energy sources. Without subsidies or tax credits, renewable energy is not generally a cost-efficient means of providing power, and even with them it struggles to compete on price. Therefore, the viability of renewable sources depends on the industry successfully finding ways to reduce costs and create more efficient operations.
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Siemens to Provide Grid Access for London Array
With its 175 Siemens wind turbines and a total capacity of 630 megawatts (MW) the London Array offshore wind farm will, following completion, be the largest of its kind in the world. After Siemens Energy was selected to supply the turbines for the project, the company also received the order to connect London Array to the power supply network. The orders were place by the project’s owners Dong Energy, E.ON and Masdar. The order is worth £116 million.
