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renewables

Energy Transition

Harsh summer weather proves bountiful for renewable energy

Scotland’s summer may have been a washout, but the wet and windy weather has proved to be a “belter” for renewable energy, with the amount of electricity produced by wind turbines up by more than 50% on last year. Wind power alone supplied 660,117.23 Megawatt hours (MWh) of electricity to the National Grid in July, which is enough to supply on average the needs of 72% of Scottish homes - the equivalent of 1.75 million households. That is up by 58% from the same month in 2014, according to environmental campaigners at WWF Scotland.

Energy Transition

Private power lights up Scotland

The number of companies, farms and communities creating their own electricity has risen more than 50% in a year. Figures show 775 organisations have bought generating equipment in a bid to insulate themselves from rising energy costs and to reduce carbon emissions. The report by independent energy firm SmartestEnergy shows the number was just 509 in 2013.

Energy Transition

Scrapping of climate change tax break to cost Infinis £7m

Green-energy giant Infinis suffered a near 8% slide in the value of its shares after it confirmed the chancellor’s decision to scrap climate change tax breaks for renewables generators will cost it £7million by March. In Wednesday’s Budget, Chancellor George Osborne said the Climate Change Levy (CCL) exemption, which allows businesses not to pay the environmental tax levied on energy if it has come from renewable power, would be removed in August. The move continues the UK Government’s “crusade” to scale back financial support for renewables, which has not been perturbed by the approach of United Nations climate change talks in Paris later this year.

All News

Renewables chief slams UK Chancellor

RenewableUK, the trade association representing the wind, wave and tidal energy industries, has strongly criticised the Chancellor’s budget announcement that he is retrospectively changing the rules governing the Climate Change Levy.

Energy Transition

125 jobs go at turbine factory

The Government has come under attack for its decision to curb onshore wind after a turbine factory announced plans for closure with the loss of 125 jobs. Steel manufacturer Mabey Bridge said it is proposing to close its renewables division in Chepstow, Monmouthshire, with the “uncertainty of market conditions for the UK onshore wind industry” in the longer term a contributing factor. The move follows a failure in exhaustive efforts to find a buyer for the business as a going concern, the company said. The news comes after the Government announced it was ending subsidies for new onshore wind farms a year early, to meet a pre-election pledge to halt the development of onshore wind. Juliette Stacey, chairman of Mabey Bridge, said: “The uncertainty of market conditions for the UK onshore wind industry in the longer term has been a contributing factor. A Welsh Government spokesman said: “This is bad news and clearly comes as a direct result of the UK Government’s recent announcement to end onshore wind subsidies. This has created uncertainty for the onshore wind industry and we warned of the possible consequences at the time.

Energy Transition

Renewables firm lures top executive from SSE

A Scottish hydropower firm has lured away a top executive from SSE to run the business. Green Highland Renewables (GHR), which was recently acquired by a London infrastructure investment firm, has appointed Mark Mathieson as chief executive Officer. He will join the firm in August. Mr Mathieson has spent over 25 years in various engineering and leadership roles within SSE, most recently spending nine years as the Managing Director of SSE’s Networks business.

Energy Transition

22% of UK electricity from renewables

A record 22.3% of electricity was generated by renewables such as wind, biomass and solar in the first three months of this year, figures show. The share of UK power coming from renewables was 2.6 percentage points up on the first quarter of last year, and slightly higher than in the previous three months, the data from the Department of Energy and Climate Change (Decc) revealed.

Australasia

GE signs first deal after Australia passes clean-energy target

General Electric Co. agreed to help develop a A$450 million ($348 million) wind farm in Australia, spurred by parliament’s approval of a new renewable energy target. GE will supply turbines to the 240-megawatt Ararat wind farm in the state of Victoria that’s being developed with partners including Renewable Energy Systems Ltd., according to a statement from the companies. The development is expected to become the nation’s third-largest wind farm.

Energy Transition

Australian energy law paves way for $11billion in renewables projects

Long-frustrated wind and solar developers in Australia can now get to work on more than A$14 billion ($11 billion) in projects after a new renewable energy target passed parliament. Acciona SA, the Spanish clean-energy company, will start talks with banks and retailers as it progresses with A$750 million in new wind farms. SunEdison Inc., the U.S. solar company, said it will look at developing large projects in Australia.

Energy Transition

Renewables to beat fossil fuels with $3.7trillion solar boom

Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for consumers and the poorest nations. Solar power will draw $3.7 trillion in investment through 2040, with a total of $8 trillion going toward clean energy. That’s almost double the $4.1 trillion that will be spent on coal, natural gas and nuclear plants, according to a forecast from Bloomberg New Energy Finance.

Energy Transition

Pope to call for renewables development

An eagerly-awaited message from the Pope being formally published today is expected to warn of the urgent need to tackle “unprecedented” climate change and destruction of nature. The papal encyclical, a letter sent to 5,000 Catholic bishops worldwide, is being published in five languages, and Pope Francis has said the document is “addressed to everyone”, not just the world’s 1.2 billion Catholics. A leaked draft of the encyclical, which appeared on the website of Italian news magazine L’Espresso in Italian earlier this week, indicates the pontiff will use it to spell out the moral and scientific case for protecting the environment.