Least surprising news of the week: Hinkley Point C nuclear project is behind schedule and over budget. Whilst UK tax payers won’t be on the hook for the cost over run, the delays do put a dent in the idea that nuclear is going to be a viable route to hitting climate targets. BlackRock commits … Read More
50,000 and counting. EV charging is not as scarce as some suggest. COMPANY NEWS Downing acquires land housing 200MW wind farmDowning LLP has acquired the land and associated lease income related to a 200MW operational onshore wind farm in the Scottish Highlands.This investment was made by Downing Sustainable Investment, a bespoke investment vehicle for UK … Read More
The third quarter in the UK saw record renewable generation once again, according to figures by EnAppSys: wind, solar, hydro and biomass together contributed 26.2 Terrawatt hours in the quarter. The increase was driven by 16TWh of wind power and also wholesale prices fell y/y by 12%. The Energy Transition continues to roll. COMPANY NEWS … Read More
One of the great pioneers of the digital and clean energy age, John Goodenough died this week, aged 100. He won the Nobel Prize in 2019 for his work developing the lithium-ion battery, a transformative technology if ever there was one. He also became the oldest winner of the award and quipped that he was … Read More
Life in the UK can hardly get more exciting: a coronation one weekend, the Eurovision the next! In the spirit of the current weirdly camp national mood I would draw your attention to an entertaining video produced by Vattenfall to promote the only by-product from the manufacture of Green Hydrogen, namely water. They enlist supermodel … Read More
Re-reading this week’s ‘bits, it occurs to me that if the Government were to implement enough of the recommendations of Chris Skidmore’s review, we would be a lot less likely to suffer disasters such as British Volt. COMPANY NEWS Lightsource bp closes first tax equity deal with Wells Fargo for 481 megawatt solar portfolioLightsource bp … Read More
I had hoped to report plenty of good news on renewables coming from our new PM, but we may have to wait for that.Looking elsewhere there is good news around, such as the record amounts of renewables being generated both here (see below) and in Europe. Also good news from an unlikely source: Chris Giles, … Read More
Enjoy a few minutes of politics free reading COMPANY NEWS Lloyds is UK’s first bank to shun fossil fuelsLloyds Banking Group has become the first full-service British bank to walk away from directly financing coal, oil and gas projects.New North Sea greenfield oil and gas developments permitted after 2021 now fall outside the banking group’s … Read More
Does the Government really want to restart fracking in their Red Wall constituencies, or is it all just a ruse, a virtual stick to poke us Woke-y’s with? COMPANY NEWS Iberdrola sells share of wind farm for €700mIberdrola has signed an agreement with Swiss investment firm Energy Infrastructure Partners (EIP) for the sale of a … Read More
Will the real Kwasi Karteng please stand up: this week our Energy Secretary has bemoaned the use of imported biomass at Drax saying that it is not sustainable and “makes no sense to me”. The next day he announces a new consultation from the govenment to encourage Bioenergy with carbon capture (see below). His stance … Read More
