More interconnection with Europe will push up energy costs and carbon emissions, without ensuring security of supply, says a new report by Aurora Energy Research. Aurora Energy Research, an independent energy market analytics firm, looked into the impact of new electricity…
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Lords blast Government’s onshore wind changes impact assesment
by Annabel Andrews • • Comments Off
The Government’s attempts to devolve planning decisions for onshore wind lack have been criticised by the House of Lords Secondary Legislation Scrutiny Committee for containing “insufficient information” In a scathing report focusing on the Draft Infrastructure Planning (Onshore Wind Generating Stations) Order 2016 and…
Government dismisses fears over Green Investment Bank sell-off
by New Power • • Comments Off
The Green Investment Bank (GIB) was designed with a view to transferring it to the private sector and “We see no benefit in trying to restructure and redirect GIB so that it remains in the public sector and operates on…
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…
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…