South Africa Offshore Wind Project Delayed

South Africa's first offshore wind farm has been delayed while developers redesign the turbines. Meanwhile, a World Bank study highlights massive potential for future coastal wind energy.

Vehicles pass in front of the World Bank building, in Washington, D.C. on May 20, 2022. Picture taken with a long exposure. Picture taken May 20, 2022.  REUTERS/Raphael Satter

South Africa's first offshore wind project has stalled as developers redesign the 800-megawatt installation from floating to anchored turbines.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.