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United Kingdom: Will connecting offshore wind to the grid really cost 17bn?
2013-01-15 12:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: A release from the reputable House of Commons Public Accounts Committee reported in almost every newspaper this week claimed it was 17bn. That, the Telegraph calculated, adds up to 35 a year on household bills who are helping to pay for a 10-11% return on investment for those lucky enough to own an offshore wind power line. Is it true? 1) It's not 35 - it's about 9.80 per household It's not hard to work out how the Telegraph got to it's 35 figure. Take 17bn, divide it by the number of...
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Ardagh makes $1.7bn binding offer for glass packaging manufacturer in US
2013-01-15 01:00:00| Packaging Gateway
Glass and metal packaging solutions provider Ardagh Group has made a binding offer worth 1.275bn ($1.7bn) to French-based Compagnie de Saint-Gobain, to purchase its glass packaging division, Verallia North America (VNA).
Plan to link offshore windfarms to grid could cost 17bn
2013-01-14 01:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The government's plans to bring more offshore wind power on to the grid are flawed and could lead to higher electricity prices for consumers, an influential committee of MPs has warned. Offshore windfarms require heavy-duty transmission infrastructure to carry the power to land, and the provision of the cables needed has been a serious obstacle to the growth of the wind industry, as windfarms both on and offshore have had to wait for long periods to be connected. Under the government's current...