Award nominees announced for 2023 Scottish Green Energy Awards
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.
Grid & Retail
Baltics beef up infrastructure defense after suspected pipeline sabotage
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend.
Scottish energy transition AI firm raises $10m as part of growth push
An Edinburgh based AI firm has raised $10 million as it seeks to accelerate the global energy transition.
The power of shared data: Why we are building a Virtual Energy System
ESO's Head of Digital Transformation and Innovation Strategy, Carolina Tortora, says Virtual Energy System 'will serve as a vessel for every element of the British energy industry to publish its data onto a decentralised system.'
GE Vernova wins work on £2.5bn East Coast grid link
Grid operators have picked GE Vernova and Mytilineos Energy & Metals to help deliver infrastructure for a £2.5bn subsea cable linking the Central Belt and north east England.
Grok breathes new life into HVDC export plan to Singapore
The first priority is to secure regulatory approvals. SunCable will apply to the Singapore Energy Market Authority (EMA) to secure an import licence later this month.
In the spotlight: Systemic reform to UK electricity transmission
The capacity of electricity transmission assets in the UK has been in the spotlight, because a bigger, more complex network is needed to meet the Government’s net zero targets.
US grid shortfall undermines bold renewable energy plans
Cerasoli said the FERC rules were a good start. “The next problem, though, is that the grid is not going to be large enough to cope with the expansion of power, it needs to be upgraded,” he said.
Ofgem cuts energy price cap to £1,923
Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further, it announced on Friday.
UK households look to lock in energy prices as crisis recedes
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.
Plans to offer grid ‘amnesty’ for up to 8GW of projects
Ofgem and National Grid have set out plans to free up to 8GW of grid connection capacity from slow-moving developers, without incurring penalties.
Germany’s TenneT purchase delayed due to Dutch political turmoil
Germany’s buyout of its biggest power grid operator from the Dutch state is likely to be postponed until next year following the collapse last month of the Netherlands government and with little prospect of a new administration anytime soon.
Winser report calls for overhaul of Scottish consenting system
A major report into the UK’s electricity infrastructure calls for ‘vital’ reforms to consenting in Scotland to ensure enough transmission can be built to accommodate new wind generation.
Eskom slaps conditions on emergency bidders to stop grid hogging
Eskom has imposed conditions to access the national grid on 1,850 megawatts worth of projects in South Africa that developers including Karpowership and Electricite de France have struggled to complete since they were awarded in March 2021.
Eastern Green Link 2: Hitachi wins work on major Scotland-England grid link
Japanese conglomerate Hitachi has won work on Eastern Green Link 2 (EGL2); a major project to boost grid connection between Scotland and England.
Asia’s industry calls for renewables, despite challenges
“The issue these days with banking is not so much that there isn’t interest, but it’s more about how it’s structured. Smaller developers don’t know how to access these frameworks.”
JV formed for UK’s ‘largest ever’ transmission project linking Peterhead and Drax
National Grid Electricity Transmission (NGET) and SSEN Transmission have agreed the terms of a joint venture to build a subsea power “superhighway” linking northeast Scotland and England.
Shell Capital Markets Day: Shareholder payout as oil giant cuts spending elsewhere
Shell (LON: SHEL) will increase its dividend per share by 15% in the second quarter of the year and reduce spending elsewhere as part of CEO Wael Sawan’s Capital Markets Day pitch in New York.
Ofgem handed net-zero mandate – What will change?
It's hoped the policy will see a greater focus on value and investment - rather than lower costs - for crucial grid connections.
Energy bills predicted to fall from July by nearly £450
Ofgem is expected to lower household energy bills to an average of £2,053 a year from July to reflect tumbling wholesale prices, according to analysts.
New Highland community forum will address controversial power lines plans
A forum of Highland community councils is being created to unite a campaign over a controversial planned new power line.
UK’s big energy short pays off with £1.2 billion windfall
The UK government is set to make £1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy last year.
Ofgem lowers energy price cap but bills still expected to rise for households
Ofgem is lowering its energy price cap - the amount suppliers are able to charge - from the current £4,279 per year to £3,280 for the average household, effective from April 1, it has announced.
UK will speed up grid connections to boost clean power capacity
The UK’s grid operator will reform the way power generators apply to connect to the system to make it easier and faster to ramp up renewable capacity.
Shell said to work with Lazard on home energy retail unit sale
Shell is working with US investment bank Lazard Ltd. to evaluate options including a sale of its European retail gas and power business, according to people familiar with the matter.