Canadian uranium developer mulls photo voltaic mission on 1,000-acre web site in Virginia

April 4 (Renewables Now) – An unnamed firm will undertake a feasibility research in relation to the potential growth of a solar energy producing facility on about 1,000 acres (404.7 ha) of land within the US, owned by uranium growth and exploration agency Virginia Power Assets Inc (CVE:VUI).

The Canada-based uranium firm mentioned in a press launch it has entered into an possibility settlement with the photo voltaic developer to guage the feasibility of the plan in Pittsylvania County, the place Virginia Power Assets has a 100% controlling curiosity within the superior stage Coles Hill uranium mission.

The agency identified {that a} photo voltaic park there might present it with an onsite supply of low carbon energy that could possibly be used for future processing services at Coles Hill. It will additionally present low-cost electrical energy to the native space and future money move contributions to the corporate.

“Home power safety is a important situation for governments all over the world. A latest and unlucky reminder is the reliance on power inputs from Russia, as proven within the battle with Ukraine. These latest occasions definitively set up the necessity for self-reliance: an entire power provide chain fully inside our borders,” commented Walter Coles, president and CEO of Virginia Power Assets.

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