Orbital Marine Power has secured funding for the ongoing operation of the O2, the company’s 2MW+ floating turbine. The debt funding, from the Scottish National Investment Bank and individuals via the Abundance Investment platform, will be serviced by the long-term…
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Ukraine begins commercial power trades with export to Romania, plans to share gas storage
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Ukraine has begun trading power with the rest of Europe on a commercial basis. The first commercial electricity exchanges with between the Ukraine/Moldova power system and Romania were planned for today, with the total trade capacity will initially be set…
Climate Change Committee report 2022: the industry responds
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Dan McGrail, chief executive, RenewableUK: “The CCC is right to point out that building more onshore wind and solar projects is the fastest way to cut people’s bills by reducing the use of gas. “The CCC also highlights the fact…
SSE Thermal and Equinor acquire Triton Power for £341M
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SSE Thermal and Equinor are jointly to acquire Triton Power Holdings from Energy Capital Partners for £341 million. Triton Power operates the 1.2GW Saltend CCGT and CHP power station, as well as the 140MW Indian Queens OCGT and the decommissioned…
Thrive Renewables opens crowdfunding for new projects
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Thrive Renewables has launched a crowdfunding offer, aiming to raise at least £5 million to build new renewable energy generation and storage across the UK. The share offer is promoted by Triodos Bank UK, through its crowdfunding platform. Thrive Renewables…
Wärtsilä adds SSE to partners for 50MW battery installation
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Wärtsilä and SSE have joined forces to install a 50MW/100MWh battery in Salisbury, Wiltshire. The battery will be the first from SSE’s new solar and battery division to be connected directly to the transmission network. It is expected to start…
Solar fund starts work on two subsidy-free PV projects, plans to retrofit batteries at five sites
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NextEnergy Solar Fund has begun construction of Whitecross, a 36MW subsidy free solar farm in Lincolnshire, it has announced. It has begun preparing for construction of a second solar farm, the 50MW Hatherden installation. The two UK solar farms will…
Wind ‘compensated for shortfall’ in other generation last winter, says NGESO
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Last winter, wind generation output compensated for any shortfall in other forms of generation on many of the days when demand/supply margins were tight, according to NGESO. In a summary of the 2021/22 winter and consultation about the upcoming winter…
Global investors: UK regulatory framework needs urgent reform to deliver Net Zero infrastructure
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The UK needs a ‘step change’ in infrastructure investment to meet its Net Zero goals, but it will not attract the investment required without an urgent programme of policy and regulatory reform. That was the stark message from the Global…
Industry welcomes ‘Go To’ renewables plan – but warns the name undermines it
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The renewable energy industry has to ramp up installation rates to three or four times their current level for wind and solar to meet the EU’s renewable energy goals, delegates at Eurelectric’s annual meeting heard last week. The ambition is…