Posted on: 12/09/2017
GFG unveils £170m wind project plans
Plans for a wind farm of up to 54 turbines at Glenshero in the Scottish Highlands have been unveiled.
The GFG Alliance, which owns an aluminium smelter near Fort William, said the project will generate up to 178MW of energy following a total investment programme of up to £170m.
Steel for the wind-tower structures could be rolled at the Dalzell plant in Motherwell.
First power at Walney offshore extension
Electricity has been generated for the first time at DONG Energy's Walney Extension Offshore Wind Farm, located off the coast of Cumbria.
MHI Vestas Offshore Wind has installed the first of 40 V164-8.0 MW turbines and power is now being exported to the National Grid – marking an important milestone for the 659MW project.
A further 47 Siemens Gamesa turbines will complete the 87-turbine wind farm, which will be capable of generating enough clean energy to meet the annual electricity demands of more than half a million UK homes.
Once fully commissioned, Walney Extension will leapfrog London Array to become the world's largest operational offshore wind farm.
£160m solar project welcomed by minister
International Trade Minister Greg Hands has welcomed £160 million of capital expenditure into UK renewable energy backed by Dutch investors, the first step in a £1 billion programme to give over 800,000 poorer households access to cheap solar electricity.
The investment from Maas Capital (part of the ABN AMRO Bank), secured thanks to Department for International Trade (DIT) support, will help fund solar panels from UK firm Solarplicity to produce electricity for affordable housing across England and Wales.
The scheme will see Solarplicity partner with social housing providers to install panels on their housing stock, creating a Community Energy Scheme where tenants benefit from long-term guaranteed discounts on their bills.
Around 100,000 households will receive panels in the next 18 months, and 800,000 in the next five years.
Green Investment Group in £38m debt deal
The Green Investment Group – previously known as the Green Investment Bank - has announced a £38 million financing for Wheelabrator Technologies for the construction of Ferrybridge Multifuel 2 (FM2) – a new, large-scale energy-from-waste facility near Knottingley in West Yorkshire.
The investment is part of a £207 million senior debt facility from a syndicate of lenders including MUFG, Crédit Agricole Corporate & Investment Bank, Investec Bank and Banco de Sabadell S.A. that will fund Wheelabrator Technologies’ stake in FM2.
Grid connection secured for Cardiff Tidal Lagoon
Tidal Lagoon Power has secured the grid connection for a 3,240MW capacity tidal lagoon expected to generate among the cheapest electricity of all new power stations built in the UK.
The project, located between Cardiff and Newport, has been selected as the first to employ at full-scale the blueprint being established by the pathfinder Swansea Bay Tidal Lagoon, a consented, project awaiting final sign off by the UK Government in the coming weeks.
Tidal Lagoon Power’s chief executive, Mark Shorrock, said: “Our offer to the UK Government is to contract Swansea Bay Tidal Lagoon for a lower subsidy per megawatt hour than Hinkley Point C.
While we await the Government’s response to this offer and to the independent Hendry Review of tidal lagoons, we have continued our development work on the subsequent programme.