Dong Energy’s operating profit (EBITDA) rose 13 per cent to 18.5 billion DKR in 2015. The company said: “The positive development in operations compared to last year can mainly be attributed to higher production from offshore wind, higher levels of…
Author Archive for Annabel Andrews
Dong committed to build world’s largest wind farm at Hornsea
by Annabel Andrews • • Comments Off
DONG Energy has made a final investment decision to build the Hornsea Project One offshore wind farm (Hornsea). With a capacity of 1.2GW. Hornsea will on completion be the world’s first offshore wind farm to exceed 1,000 MW in capacity. Hornsea…
SinoFortone Group to invest £2 billion in two Welsh biomass power stations by Orthios Eco Parks
by Annabel Andrews • • Comments Off
SinoFortone Group is to invest £2 billion in two two 299MWe biomass power stations by Orthios Eco Parks on Anglesey and in Port Talbot in South Wales. Waste heat and carbon dioxide from the plant will be used to enhance the growth of…
UK regulators set out cross-sector infrastructure emergency plan
by Annabel Andrews • • Comments Off
The UK Regulators Network (UKRN) has set out how it will respond to emergency situations that affect more than one regulated sector, such as a storm that knocks out energy, water, rail and telecomes networks. The plan, published today, sets out…
With investor confidence down, is it time to re-open EMR? Expert poll says yes – what’s your view?
by Annabel Andrews • • Comments Off
What’s your view on Electricity Market Reform? Give us your view (anonymously) in our quick poll Surveyed in January, members of New Power’s Expert Forum were exasperated by the complexity of the measures and found the package was failing to…
Carbon capture “only useful for mitigating industrial emissions”
by Annabel Andrews • • Comments Off
Carbon capture and storage (CCS) is unlikely to significantly reduce emissions from coal-fired power stations, according to the Smith School of Enterprise and Environment at the University of Oxford. In its report on stranded assets in the coal industry, the…
Demand response capacity to receive £27.50/kW/yr following Transitional Capacity Market auction
by Annabel Andrews • • Comments Off
Following the first Transitional Capacity Market auction 803MW of demand response capacity is set to receive contracts at a price of £27.50/kW/yr, according to provisional results from National Grid. The delivery year is 2016/17. Some 1,110.28MW of capacity entered the…
Centrica reorganises UK business
by Annabel Andrews • • Comments Off
Following a strategic review last year, Centrica is reorganising its UK business into two “business units”, called UK Home and UK Business. These business units will mainly operate under the firm’s British Gas brand and replace the three former businesses, British…
European Investment Bank earmarks €200 million annual spend for energy efficiency projects
by Annabel Andrews • • Comments Off
The European Investment Bank has earmarked €200 million per year for for energy efficiency projects as part of its Private Finance for Energy Efficiency (PF4EE) initiative. This initiative promotes financing for energy efficiency projects and provides advisory support. PF4E was launched in…
Energy complaints up 23 per cent since 2014
by Annabel Andrews • • Comments Off
Ombudsman Services: Energy today publishes said energy company complaints increased to 65,168 in 2015 compared to 52,937 in 2014. The ombudsman said: “The figures follow a turbulent year for the energy industry, with mounting consumer dissatisfaction, market investigations and Ofgem-imposed…