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Green Investment Group (GIG), the organisation previously known as the Green Investment Bank, has formed a partnership with Covanta to build and own waste-to-energy projects in the UK and Ireland. GIG is kicking off the new partnership by buying a 50% stake in Covanta’s Dublin waste-to-energy site for €136 million (£121m). The partnership has identified up to six projects in the UK that could be suitable for investment. Covanta already 43 facilities in its portfolio that together can process mor...
02 01 2018
News article - 2 January 2018
A new study has highlighted how connecting more variable renewables to the power system will increase volatility. Renewables will account for more than half of electricity generation in both the UK and Germany by the mid-2020s, the report said, with the cost of solar and wind expected to halve from present levels by 2040. Despite a “significant increase” in the amount of variable renewables on the system, the total back-up capacity needed by 2040 in the UK and Germany will be much the same as in...
27 11 2017
News article - 27 November 2017