Three UK offshore windfarm projects have won subsidy auctions to secure a guaranteed price as low as £57.50 MWh, leading to calls for a rethink on the government's nuclear policy
Britain made a huge step towards cutting its umbilical cord with coal-fuelled power on Friday, April 21, when the country celebrated its first whole coal-free working day of modern times in terms of electricity generation.
The National Grid announced the news on Twitter, reporting that West Burton 1 power station, the only running coal-fired plant in the UK at the time, had been taken offline the day before and the country’s electricity had been provided by other sources for a full 24 hours. Although the UK had gone for shorter periods with no coal in 2016, relying on gas and renewables to power the country, the previous record was for 19 hours.
OPEN Cleantech is delighted to see the latest news from The Committee on Climate Change (CCC) validating our belief in the all-round benefits of the cleantech and renewable energy industry. This week they announced that efforts to hit carbon emission targets in the power sector have already saved consumers money.
CCC has pointed out that while implementing low-carbon policies such as encouraging wind, solar and nuclear power has added about £100 to the average annual UK dual-fuel bill, energy efficiency measures have at the same time reduced the typical bill by £290 a year.
The UK offshore wind industry is not just helping save the planet but it can now be seen as a leading light in the nation's construction sector too.
In 2016 the record £4.1 billion spent building offshore wind power sites — up from £2.45 billion in 2015 — accounted for 21% of all UK infrastructure construction by contract value.
A UK government-commissioned report has backed plans for a trial tidal power lagoon in Swansea Bay, Wales.
Now the future of the project, which could herald between five and ten full scale schemes in the UK, hinge on whether a subsidy scheme can be agreed between Tidal Lagoon Power – the company behind the development – and the government.
OPEN's UK Managing Director, Nick Rickard met recently with Clean Energy Pipeline to give the following interview:
UK-based clean tech and energy financier OPEN Cleantech Income Securities DAC (OPEN). will launch this month a new Eur500 million bond and a Eur25 million private equity fund, managing director Nick Rickard, told CEP.