RE: Orbital Coverage12 Aug 2024 00:21
Will require lots of financial support. I would hazard a guess that a turbine especially a 3mw is Β£10-15M each.
So for just the turbines in P2 and P3 that alone will cost over Β£200m.
Then there is the repair of and install / removal and the cable to land as well as all the geometric checks and foundations.
Very expensive novel technology
I am a massive fan that's why I bought in with usk and tidal.
However at the moment it is more of a burden. Don't get me wrong if they can work the tidal finances and support our and they push the arrays in P2 and 3 as well as AR6 in September then happy days.
The little issue in the back of my mind is not just cost but ensure that the turbines are producing energy.
We have had 3 turbines max in the water now for what seems an eternity. This is energy that is not being turned into revenue.
Bedtime - let's hope it is a Blue Monday.