Ørsted posted higher first half profit as wind generation continues to deliver significant return on investment. Operating profit increased 2 per cent to DKK 8.8 (£1.1bn), return on capital deployed increased six percentage points to 29 per cent for the period. The company said it is on track to reach 15GW of offshore wind capacity Read more…
Simec Atlantis fundraising for coal-to-waste and tidal projects
Simec Atlantis has launched a bond paying 8 per cent to fund its coal-to-waste plant at Uskmouth, tidal projects in France and to provide working capital. The Gupta-controlled company aims to raise £7m. It said it has finished front-end engineering and design work at Uskmouth. Atlantis aims to convert the power station into a 220MW Read more…
Delivering Net Zero: Unlocking the opportunity
Delivering Net Zero is the challenge and the opportunity of our times. Businesses and public sector organisations will be tasked with much of the heavy lifting. How do we get there? The Energyst is bringing together business and industry to discuss how to deliver Net Zero on 28/29 April 2020 at Silverstone. Delivering Net Zero: Heat Read more…
National Grid and Alan Turing Institute improve solar forecasting
An innovation project between National Grid ESO and The Alan Turing Institute has harnessed machine learning to improve solar forecasting accuracy by 33 per cent. The ESO has historically used a relatively simple way of forecasting, based on installed solar capacity and solar irradiance across different regions to create a national forecast. On the innovation Read more…
Decarbonise or risk divestment, investors warn cement makers
Investors representing $2tn in assets have called on cement makers to commit to net zero by 2050 – or risk funds divesting and access to capital drying up. In a letter to cement makers CRH, Lafarge and Heidelberg Cement, and construction materials maker, Saint-Gobain, members of the Institutional Investors Group on Climate Change (IIGCC) and Read more…
National Grid says Met Office collaboration sharpens solar forecasting
National Grid ESO says its collaboration with the Met Office has improved solar forecasting, in turn sharpening the accuracy of national demand forecasts on the transmission system. The project, funded under Ofgem’s Network Innovation Allowance (NIA) programme, began in 2016. UK solar PV generation capacity stands at around 13GW, all connected to the distribution system, Read more…
Lift 6GW offshore wind cap, urges SSE
SSE has urged government to lift the 6GW contracts for difference (CfD) cap on offshore wind, arguing it is inappropriate in the face of the government’s ambition to reach net zero emissions by 2050, enshrined in law last month. In a letter to Beis minister Chris Skidmore, SSE chief executive Alistair Phillips-Davies said the “scale Read more…
Wärtsilä: All about flex to 2030, then power-to-gas
The next decade is all about flexibility, according to power systems firm Wärtsilä. After that, from around 2030 onwards, power-to-gas technologies will rise to the fore, predicts Melle Kruisdijk, vice president, Europe, Wärtsilä Energy Business. Cracking power-to-gas could then enable the power system to decarbonise the gas system. 100 per cent renewable economy Kruisdijk believes Read more…
Net Zero: How to decarbonise heat?
Heat is the toughest aspect of decarbonisation. The Energyst asked utilities, investors and industry associations for some thoughts on how to do it According to Committee on Climate Change CEO Chris Stark, “it will be extraordinarily difficult to hit 2050 [net zero] without a plan in place for heat very quickly”. So what are the Read more…
Net Zero: Bristol’s £5 billion decarbonisation plan
Bristol has agreed plans to ‘decarbonise, decentralise and democratise’ the city’s energy system. Now it is trying to find a partner to fund its ambition. In recent years, Bristol City Council has invested around £50m in energy projects, ranging from wind and solar to district heating. Now it’s planning to step that up by two Read more…
UK Power Networks to build “holy grail” microgrid at London City Airport
UK Power Networks’ services arm is to build a microgrid at London City Airport that combines solar PV, CHP, new substations and automation, doubling the airport’s electricity capacity and boosting resilience. UKPN Services said the funded package will also reduce the airport’s carbon footprint and improve air quality. The firm will also help enable electric Read more…
SEEIT strikes solar PV deal with Tesco
SDCL Energy Efficiency Income Trust (SEEIT) has struck a deal with Tesco to deploy solar PV projects across some of the retailer’s properties. The two have agreed a power purchase agreement for each individual site, with the PV to be installed in 1MW batches. SEEIT said the first phase is for around 5MW, with additional Read more…
Whey to go: Cheesemaker turns waste to energy
Iona Capital has struck a deal with Wensleydale Creamery in the Yorkshire Dales to use whey by-product as feedstock for its Leeming biogas plant. It will produce 10,000 MWh of thermal power, enough to heat 800 homes per year. The fund manager has already established nine anaerobic digestion facilities across Yorkshire, investing £100 million. Mike Dunn, Read more…
Banks ‘won’t lend on a merchant wind farm’
Banks are unlikely to put debt finance into merchant wind farms, according to a major renewables infrastructure fund. “Our approach is completely unlevered,” Laurence Fumagalli, partner at Greencoat Capital, told Aurora’s Summer Renewables Conference. “You won’t find a bank lending you any significant amount on a merchant wind farm.” Even where a project secures a Read more…
Shell: Subsidise batteries for faster flex
The UK government should consider targeted support for small-scale battery storage if it wants households to participate in a smarter, lower carbon energy system, according to Brian Davis, vice president, Energy Solutions at Shell International. Shell New Energies acquired German battery storage firm Sonnen in February. The company has deployed hundreds of megawatts of storage Read more…
Bentley installs 2.7MW solar carport at Crewe HQ
Bentley Motors has installed a 2.7MW solar carport at its Crew headquarters. Carport specialist FlexiSolar believes it is the largest of its kind in the UK. Bentley hopes it will reduce its carbon footprint by 3,300 tonnes a year, depending on light levels and output. Work started on the project in April 2018. It is Read more…
Bridging the gap to decentralised energy
Energy security and cost concerns are highlighted as key barriers for UK industry to realise the benefits of decentralised energy, according to a report launched by Aggreko. Entitled ‘Bridging the Energy Gap,’ the new report is the result of 200 key energy decision-makers across industry offering their views on decentralised energy in the UK. It Read more…
The time is now for onshore renewables
The time is now for onshore renewable energy according to renewable energy investment company, Thrive Renewables. Its 2018 Annual Report reveals a record turnover of £17 million, up 7% year on year, with a profitability of £5.37 million .The company’s portfolio generated 211,000 MWh of electricity. Thrive’s continued growth comes at a time when the cost of Read more…
Businesses need a clear energy plan to combat climate change
With more businesses looking for less carbon-intense electricity sources, there are now a host of smaller energy suppliers taking on the ‘big six’, offering all-renewable electricity. Haven Power decided to supply 100% renewable power, at no additional premium, from January 2018 and is able to deliver this as part of the Drax group – one Read more…
Glasgow aims to be UK’s first ‘net zero’ city
Glasgow City Council is aiming to be the first UK city to achieve net zero carbon emissions. The Scottish government has already set a 2045 net zero target, and Glasgow will work with Scottish Power to develop and deliver decarbonisation of power, transport and heat. Electric vehicles form a key part of the council’s plans. Read more…
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