The Informer

Swansea Tidal Lagoon looks for £92.50MWh CfD

Tidal Lagoon Power, the company behind the proposed Swansea Bay project, wants to secure a Contract for Difference (CfD) with a strike price of £92.50/MWh.

Chief Executive Mark Shorrock told the House of Commons’ Business, Energy & Industrial Strategy Committee that the 320MW project needed a 60-year CfD.

He suggested the Welsh Government should buy a stake in the project – at a price understood to be in the region of £200 million – in order to become the long-term owner.

> Find out more about the project


Greencoat to exercise Clyde option

Greencoat UK Wind, the investment vehicle listed on the London stock market, and GLIL Infrastructure are to buy a further 14.9% stake in the Clyde wind farm for £202 million.

Owner SSE said the two investors were exercising an option that would give them control of a further 77.8MW of output.

The deal will take the pair’s stake in the combined 349.6MW Clyde and 172.8MW extension to 49.5%.

> See SSE's statement


Funding pot for smart energy ideas

Organisations can apply for a share of up to £41.5 million to organise world-leading practical demonstrations of smart energy systems or to design new models.

Innovate UK is offering the cash to invest in both the design and practical demonstration of new business models that intelligently link supply, storage and demand in heating, power and transport.

The competition aims to help businesses develop local energy approaches at scale that will create better outcomes for consumers and promote economic growth for the UK.

By the early 2020s, it aims to prove that smarter local energy systems can deliver cleaner and cheaper energy services.

> View the announcement


English Heritage to appoint green energy champions

Ecotricity is to mentor 20 “green energy champions” appointed by English Heritage to lower the power consumption across the conservation body’s 20 most-popular sites.

Rob Woodside, Estates Director at English Heritage, said: “As a new charity with ambitions to become entirely financially independent by 2023, English Heritage needs to be looking at different ways in which it can save money and our new partnership with Ecotricity will enable English Heritage to do just that.”

Dale Vince, founder of Ecotricity, added: “English Heritage are responsible for some of our oldest and most beautiful sites, but have the vision to be involved with renewable energy schemes – which we think of as future heritage.”

> Read Ecotricity's statement


Project to focus on unmanned vessels on wind farms

Automated vessels could be used to service offshore wind turbines if a new £900,000 pilot project is successful.

The project is being led by ASV Global, with participants including the Offshore Renewable Energy Catapult (OREC), SeaRoc Group, Houlder and the University of Portsmouth, with funding supplied by Innovate UK, formerly the Technology Strategy Board.

Previous reports have suggested that hiring vessels costs account for some 60% of the cost of operating offshore wind farms.

> See OREC's statement