Renewables industry positive on Conservative manifesto

Renewables industry positive on Conservative manifesto

The renewables industry has reacted positively to the Conservative’s manifesto which reaffirmed commitment to Climate Change Act and opened the door to new onshore wind projects on the Scottish islands.

The Tory manifesto said: “We want to see a diverse range of sources for Britain’s energy production, because a diverse energy economy is the best way to stimulate innovation, and also to ensure that we are getting the right generation in the right place.

“For instance, while we do not believe...

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LibDems aim for zero carbon by 2050

The Liberal Democrats have committed themselves to reducing greenhouse gas emissions to zero by 2050 if they win next month’s General Election.

The party said it would cut emissions to 80% of 1990 levels by 2040, ten years ahead of the current Climate Change Act targets.

Lib Dem leader Tim Fallon said the party would reintroduce support for onshore wind and solar power.

He also said the party would ban fracking but would support carbon-capture and storage.

Clean air

The Lib Dems said they would ...

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UK renewables investment more than doubled in 2016 – report

Offshore wind projects helped the total pumped into the UK renewables industry to more than double during 2016.
Investment rose from £3.1 billion to a record £6.6bn in 2016, according to data gathered by analysts at Clean Energy Pipeline (CEP) for law firm TLT’s

Renewable Energy Finance report.

Banks lent offshore wind projects a total of £12.7bn in 2016, up from £6.1bn in 2015.

Merger and acquisition (M&A) activity in the offshore wind industry surged to £3.4bn last year from just £384...

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Solar manifesto from trade body targets 40GW

The Solar Trade Association (STA) has called for the next UK Government to put policies in place that will allow 40GW of solar power to be installed by 2030.

The industry body said it needed a “level playing field” for solar power, along with “progressive regulation” and “fair taxes”.

Energy networks also need to be modernised to cope with increased power from the sun.

Around 10GW of solar power would need to be installed over the coming parliament in order to reach the target, a near doubling...

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Scottish court rules in favour of offshore projects

The Court of Session in Edinburgh has ruled that the Scottish Government acted lawfully when it gave planning permission for four offshore wind farms off the firths of Forth and Tay.

Scotland’s highest civil court rejected an appeal against the planning decision from the Royal Society for the Protection of Birds (RSPB).

The conservation charity had argued that the wind turbines would kill thousands of puffins and other seabirds.

The Inch Cape, Neart na Gaoithe and Seagreen Alpha and Bravo...

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Next steps for Paris agreement on table

The European Union (EU) and 79 developing nations have outlined the next steps they want to see taken following the Paris climate change agreement.

The measures include stepping-up investment in low-carbon technologies.

Developing countries will receive €800 million (£685m) from the EU between now and 2020, with around half earmarked to help tackle climate change.

Concerns over the United States decision to review its commitment to the Paris agreement overshadowed last week’s United Nations...

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Sector Round Up 23rd May 2017

Storage project acquired by Enel

Italian power company Enel has bought the Tynemouth stand-alone battery energy storage system in Newcastle from developer Element Power.

Enel will spend €20 million (£17m) on the 25MW system, which has a four-year contract grid balancing contract with National Grid.

The Italian company thinks demand for battery storage will grow “exponentially” and said it would use its experience from the project in other markets.

> Read Enel's announcement

 

TRIG completes...

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UK makes surprise return to top ten for renewables investment

The UK has climbed back into the top 10 most attractive countries for renewable energy investment but the outlook for the industry remains cloudy amid a “lingering lack of clarity around targets and subsidies”.

In the latest EY Renewable energy country attractiveness index (RECAI), the UK has arrested a slide that had seen it fall from 4th place in 2013 down to an all-time low of 14th in October 2016, although weaker performances from other countries were the main factor in it climbing four...

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Labour eyes energy renationalisation

Jeremy Corbyn is planning to take the UK’s national grid back into public ownership, according to its General Election manifesto.

The party said it would renationalise the grid operators to end the “natural monopolies of the transmission and distribution grids”.

Labour would also create publicly-owned energy supply companies in each region, which would be tasked with tackling fuel poverty, offering cheap tariffs and supporting community energy projects.

A local energy task force would also be...

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Businesses voice fears over energy technology security

Just over half of businesses are worried that their energy suppliers aren’t taking enough step to protect their data, according to a new survey.

A poll of more than 500 firms carried out by accountancy practice PwC found that two-thirds are concerned about the cyber-risks associated with energy technology.

Steve Jennings, Power and Utilities Leader at PwC, said: “With cyber-criminals able to turn off the supply tap as well as monetise data from energy firm’s customer and employee digital...

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