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
My wife showed me a piece this week in Remodelista about a gorgeous off-grid hut in Majorca HERE which included a novel power system: In fact the architect, Mariana de Delás makes an interesting point: the wheelbarrow contains power banks which run all electrical requirements in the hut, which involves wheeling the power to the user.. … Read More
So, we do have a windfall tax on oil companies in the UK, but the not-an-emergency budget has left hanging the prospect that electricity generators might be hit too, which would undoubtedly affect renewables investment and, yet again nothing on energy efficiency. Company news Polestar invests in extreme fast charging battery company StoreDotPolestar has made … Read More
Regular readers will know the exasperation that each successive report from the IEA generates. Every year they have to upgrade their forecasts for renewables sales and downgrade the costs. Imagine our surprise when they finally stop playing catch-up and publish their Net-Zero roadmap (see below). Do not underestimate the significance of this. Despite their failings … Read More
This week has been dominated by politics, so it is with Titbits, although we have tried to keep it light and bite-sized. Our prime minister seemed to do likewise at the Biden Summit, where I suspect he will be remembered for coining the new enviro badge of honour: I am a Bunny Hugger. Greta has … Read More