Eleven projects developing new floating offshore wind technology will be awarded a total of £31 million in government money, together with private investment that will bring the total to £60 million. The cash will further research and development in areas…
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Equinor submits plans for Saltend hydrogen production plant in bid for government support
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Equinor has formally submitted plans for its ‘Hydrogen to Humber (H2H) Saltend’ plant into phase two of the government’s Cluster Sequencing Process. It has also announced co-operation agreements with prospective regional hydrogen users. H2H Saltend is a 600MW hydrogen production…
Capacity Market notice posted for 6pm – and cancelled
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The electricity system operator NGESO issued a Capacity Margin notice for the GB market for 6pm, when the operating margin is currently expected to fall below the 500MW trigger level. The notice does not mean that supply does not equal…
Solar farms change hands
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Asset manager Alpha Real Capital has acquired 17 solar farms from owner Innova Energy – Alpha Capital’s largest solar transaction so far. The £86 million portfolio includes 17 solar farms across the UK, with extension and expansion rights. Alpha says…
NGESO says system needs more wires, and more options for managing frequency and voltage, during this decade
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The electricity system operator NGESO has set out the capabilities it needs to operate the electricity system through its rapid change to a renewables-based system, in its annual Operability Strategy Report. It summarises progress and upcoming issues in five aspects…
Aquind’s 2GW interconnector with France denied development consent
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The secretary of state has refused development consent for a 2GW interconnector between Great Britain and France applied for by Aquind. The bi-directional interconnector was planned to make landfall at Eastney on Portsea Island, Portsmouth, and would connect to Normandy…
Seagreen OFTO tender round open for pre qualification
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Ofgem has opened prequalification for groups who want to enter a tender to own and operate the connection to the Seagreen offshore wind farm. Prequalification is open until 31 March and Ofgem is hoping that it will result in up…
Bluefield Solar acquires Good Energy solar and wind farms
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Good Energy has sold its operational solar and wind portfolio to UK income fund Bluefield Solar. Bluefield previously acquired the Good Energy developed West Raynham solar farm in 2015 and the acquisition brings Bluefield’s portfolio to 673MWp. Bluefield acquired the…
UK ETS Authority will not release extra emissions allowances to contain costs, says prices ‘responding to market drivers’
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For the second time, the UK’s Emissions Trading Scheme (ETS) Authority has decided not to provide extra supply to the scheme although a ‘cost containment mechanism’ was triggered (CCM) at the start of January. The CCM enables the UK ETS…
ACT NOW: Innovate UK offers £5 million in grants to small businesses with innovations to bring climate risk into financial services
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Innovate UK has £5 million in funding available and is inviting small businesses to compete for funding to help them demonstrate and deploy innovative solutions that integrate climate and environmental factors into financial services. Investors need to be aware of…