The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK Government and industry target of £100 per megawatt hour (MWh) four years ahead of schedule, according to a new report…
Author Archive for Annabel Andrews
Moixa chief: Domestic energy storage could be next asset class
by Annabel Andrews • • Comments Off
Moixa chief executive Simon Daniel says the UK is ready for a large-scale roll out of domestic battery storage across the UK. He wants to deploy 1GW of aggregated capacity, via the company’s GridShare platform, by 2020. He says the UK…
Energy accelerator funding and support up for grabs
by Annabel Andrews • • Comments Off
The Ignite ‘Big Energy Idea’ Accelerator Programme has opened for 2017 applications from businesses and entrepreneurs working in the energy sector this week. Successful applicants will receive a package of pre-investment support, including specialist knowledge from experts, and the opportunity…
ETI to prioritise tidal stream technology over other marine renewables
by Annabel Andrews • • Comments Off
The UK marine industry should focus on tidal stream technology rather than tidal lagoon or wave energy in order to compete with other low carbon sources of energy, according to the Energy Technologies Institute (ETI). The government also needs to…
Private investors buy Green Deal home improvement scheme
by Annabel Andrews • • Comments Off
Greenstone Finance and Aurium Capital Markets have today bought the business and assets of the Green Deal Finance Company (GDFC), the body set up to manage the government’s home energy efficiency scheme. The deal included the transfer of the GDFC’s existing…
Blog: Variable tariff customers set for spring price hikes as wholesale energy prices continue to climb
by Annabel Andrews • • Comments Off
It looks likely that customers on variable tariffs will see price hikes in the spring, as new analysis shows UK energy values have risen to their highest levels in 18 months, suggesting it might be a great time to switch to…
Carbon Trust launches competition to reduce cable damage during offshore construction
by Annabel Andrews • • Comments Off
The Carbon Trust’s Offshore Wind Accelerator (OWA) has launched a new global innovation competition to find and fund the development of innovative solutions to a challenge facing the offshore wind farm industry today: how to monitor the condition of subsea…
European Commission gives €20.3m to Atlantis for tidal array project
by Annabel Andrews • • Comments Off
Tidal power company Atlantis has secured a €20.3m grant from the European Commission for its MeyGen Phase 1B project, which will be developed by the Demotide Consortium. Demotide will design, build and operate a 6MW turbine array, MeyGen Phase 1B, in…
Holyrood seeks views on management of Scottish Crown Estate
by Annabel Andrews • • Comments Off
The Scottish government has launched a 12-week consultation on the long term framework for the devolved management of the Crown Estate in Scotland. The devolution of the management and revenue of the Crown Estate in Scotland was recommended by the Smith…
Macquarie to buy half 573MW Race Bank wind farm from Dong
by Annabel Andrews • • Comments Off
Dong Energy has entered into an agreement to sell 50% of its 573MW UK offshore wind farm project at Race Bank to Macquarie Group – with equal interests. Race Bank is currently in advanced stages of construction and is…