Global investment in the electricity sector reached a record-breaking $690 billion in 2015, according to new figures from the International Energy Agency (IEA), and there is a “major shift in investment towards low-carbon sources of power generation”. Low carbon capacity…
Author Archive for New Power
Five on the shortlist to take on Burbo Bank Extension link
by New Power • • Comments Off
Five consortia have been shortlisted in a tender being run by Ofgem to own and run the £230 million transmission link to the Burbo Bank Extension offshore windfarm. The winning offshore transmission owner (Ofto) will receive a guaranteed revenue stream…
Networks’ role in meeting social obligations could grow, says Citizens Advice
by New Power • • Comments Off
Energy networks could deliver social programmes such as domestic energy efficiency improvements in future, because pressure on network capacity and the shift to a more dynamic energy system will mean they engage directly with customers. That was one of the…
Hinkley a ‘well-designed transfer of risk’, says Hammond
by New Power • • Comments Off
The government will make a decision on Hinkley Point C nuclear plant by the end of the month, Chancellor Phillip Hammond told peers on the Economic Affairs Committee. He was asked whether the project could be described as a “well-designed…
CCS ‘within reach in 2020s’ with new industry structure and obligation, says report
by New Power • • Comments Off
The government must act now to revive the carbon capture and storage (CCS) industry, because it will dramatically reduce the cost of meeting low-carbon targets and it is ready for commercial implementation. That was the conclusion of a new review…
Statoil increases Dogger Bank share, takes on Sheringham operations
by New Power • • Comments Off
Statoil is to takes over as operator of the Sheringham Shoal offshore wind farm from January 2017 and will increase its share in Dogger Bank. Statoil will increase its share of the Dogger Bank projects from 25% to around 50%…
MPs: heat and transport failings mean UK will miss 2020 renewables targets
by New Power • • Comments Off
The UK will fail to meet legal requirements to meet 15% of its energy needs from renewables by 2020, the Energy and Climate Change Select Committee has concluded. The MPs said the electricity target of 30% from renewables would be…
Storage ‘could be an expert industry for the UK’
by New Power • • Comments Off
Storage could not only offer efficiencies for GB in managing its own power grid, but could also be a business opportunity for UK Plc, according to a report from RegenSW. The RegenSW paper, said, “UK projects are demonstrating a high…
Humber Gateway link transferred to Balfour Beatty/Equitix consortium for £162.9 million
by New Power • • Comments Off
Transmission assets at E.On’s Humber Gateway offshore wind farm are to be sold to BBEC, a consortium comprising Balfour Beatty Investments and Equitix. Ofgem has granted BBEC a licence to operate the £162.9 million link for the next 20 years.…
Electricity networks launch ‘call 105′ emergency number for power cuts
by New Power • • Comments Off
Electricity networks companies have introduced a single emergency number – 105 – that anyone in England, Scotland and Wales can call in the event of a power cut. The Energy Networks Association said most people did not know they should…