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-
Canadians select 125MW Boralex battey
via renews.bizCanadians select 125MW Boralex battey -
Veolia powers Canary Wharf towers with low carbon energy
Veolia has entered a 25-year contract to manage heating and cooling supplies for the Consort Place development in London‘s Canary Wharf.
The project, developed by Far East Consortium, aims to support local decarbonisation efforts.
Veolia will ensure essential heating and cooling for the mixed-use development, covering residential towers including Aspen and Alta.
The system will be operated round-the-clock, delivering 850kW of heating and 600kW of cooling to around 20,000 users.
John Abraha -
National Grid taps shareholders to help fund £60bn low-carbon energy switch
via theguardian.comInfrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on either side of the Atlantic.The energy infrastructure company announced a £6.8bn rights issue – where existing shareholders are offered new shares – to provide fresh funds for investment in thousands of miles of -
TotalEnergies reaches 2GW of renewable capacity in France
TotalEnergies has announced that it has exceeded 2GW of installed renewable electricity production capacity in France.
This announcement coincided with the inauguration of a 63MW wind farm in the Marne region on 24th May.TotalEnergies’ renewable fleet in France comprises over 660 wind, solar, hydro, and battery storage plants, collectively meeting the electricity needs of around 1.8 million people.
The company’s investments in renewables in France totalled nearly €400 million (& -
‘Continuing as we are is not sustainable’
In the lead up to the Big Zero Show, we’re introducing the Big Zero Briefings, where each week we will focus on one bit of content which can make the difference for your business. This week, we focus on finance.
We spoke to Vicky Pryce, lead economist and Big Zero Show speaker who told us that we will soon see stricter regulations on ESG reporting.
She said: ‘The sooner we get our financial institutions to adapt to stricter regulations involved around reporting, the more cer -
Ofgem boss warns of high energy prices ahead of price cap announcement
During a session with the House of Commons Energy Security and Net Zero Committee yesterday, Jonathan Brearley, Chief Executive Officer of Ofgem, addressed concerns surrounding energy prices and potential changes to standing charges in the energy sector.Mr Brearley began by discussing the pressing issue of energy prices, stating, “What we are seeing is the markets have stabilised, prices have come down, and we are hopeful we will see positive news around the price cap on Friday.”
How -
Ofgem to unveil new energy price cap tomorrow
Tomorrow, the energy regulator Ofgem is scheduled to announce its next quarterly price cap, set to cover the period from 1 July to 30 September 2024.
This announcement will be based on the wholesale assessment period from 18th February to 16th May 2024.Analysts at Cornwall Insight have forecasted a potential 7% decrease in energy bills starting from July, coinciding with the implementation of the new price cap.
This anticipated reduction comes as welcome news for consumers, potentially providing -
National Grid announces £7bn equity raise
National Grid has unveiled its full year results for the period ended 31st March 2024.
Alongside these results, the company has announced a fully underwritten equity raise of £7 billion.Over the next five years, National Grid plans to invest approximately £60 billion in networks, with over £30 billion earmarked for the UK.
This investment, more than double what National Grid has spent in the UK over the last five years, aims to stimulate substantial economic growth and support -
Green freight corridor initiative launched
Freeport East and East Midlands Freeport have announced a partnership to create a green freight corridor, to reduce carbon dioxide emissions in transport and foster skills and job growth across the region.The Memorandum of Understanding (MOU) was signed by Freeport East CEO, Steve Beel, and Tom Newman-Taylor, CEO of East Midlands Freeport, underscoring their commitment to collaborate with public and private sector partners, especially in the logistics industry, to develop a greener transportatio -
Energy industry urges focus on renewables in July election
The Association for Renewable Energy and Clean Technology (REA) has welcomed the Prime Minister’s announcement of a general election on 4th July, viewing it as a pivotal moment for advancing the renewable energy agenda.
Rollo Maschietto, Public Affairs Manager, REA, said: “The only way to ensure enduring energy security and an affordable energy system is by ending our reliance on volatile imported fossil fuels by moving to renewables and clean technologies.”The Association -
Nearly 20% of smart meter users manually submit readings
Citizens Advice has revealed that millions of UK households are not fully benefitting from smart meters due to faults and inadequate service from energy suppliers.
Despite over half of British homes having a smart meter, many continue to face problems that suppliers fail to resolve, according to the report.According to the charity, 20% of households with a smart meter, amounting to 2.86 million homes, still need to manually submit meter readings as their devices are not sending automatic reading -
Extending life of Australia’s biggest coal-fired power station is ‘deeply disappointing’, green groups say
via theguardian.comNSW Labor agreement with Origin to keep Eraring plant open for two more years to 2027 leaves environmental groups ‘deeply disappointed’Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastEnvironmental groups say they are “deeply disappointed” by the New South Wales government’s decision to extend the life of Australia’s biggest coal-fired power station for at least two more years, sayin -
NSW government extends life of Australia’s biggest coal-fired power station by two years to 2027
via theguardian.comDeal struck with Origin Energy, owner of 2.88-gigawatt Eraring plant near Lake Macquarie, to limit risk of electricity shortages as renewables come onlineFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s biggest coal-fired power station will remain operational for at least two more years after the New South Wales government signed a deal with its owner, Origin Energy, in an attempt to limit the risk of -
Decision to extend life of Australia’s biggest coal-fired power station will have ‘far-reaching consequences’, critics say
via theguardian.comEnvironmental groups say agreement to keep Eraring plant open for two more years to 2027 is ‘deeply disapppointing’Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s biggest coal-fired power station will remain operational for at least two more years after the New South Wales government signed a deal with its owner, Origin Energy, in an attempt to limit the risk of electricity shortages unti -
‘UK election is critical vote on renewables future’
via renews.biz‘UK election is critical vote on renewables future’ -
Cadeler orders third A-class installation vessel
via renews.bizCadeler orders third A-class installation vessel -
Flagship Energy’s Tejal Shah Energy Markets Update – 22nd May 2024
Bullish momentum continues in the UK and European gas markets. Markets started pulling up towards the back end of last week on anticipation of a full shutdown of the Troll field and Kollsnes processing plant in Norway this Tuesday. The main concern was the timely return of these assets due to historical instances of delays, extensions etc. Despite flows ramping up this morning from Kollsnes with total Norwegian exports to the UK and Continent up, the bearishness was short lived. UK Winter-24 gas -
'Europe's distribution grids need urgent modernisation'
via renews.biz'Europe's distribution grids need urgent modernisation' -
EDF, Masdar sign PPA for 166MW Texan wind farm
via renews.bizEDF, Masdar sign PPA for 166MW Texan wind farm -
MPs question water company bosses over pollution incidents
The Environment, Food and Rural Affairs (EFRA) Committee has raised serious concerns with the Chief Executive Officers of United Utilities and South West Water (SWW) regarding recent pollution incidents.
The committee will question the CEOs in an evidence session on 5th June, ahead of Ofwat’s decision on water companies’ spending plans and proposed price rises on 12 June.Sir Robert Goodwill, Chair of the EFRA Committee, wrote to South West Water (SWW) expressing concern over a crypto -
UK shines with 1.5m home solar installations
The UK has reached a milestone with 1.5 million MCS-certified small-scale solar installations recorded since 2008.
The Microgeneration Certification Scheme (MCS) certifies renewable energy systems that heat and power homes and small businesses.
These installations have a maximum DC output of 50 kilowatts, with typical household systems having a capacity of three to four kilowatts.With current installation rates, the UK could reach two million installations within the next three years.Chris Hewet -
WATCH: Iowa tornadoes destroy wind turbines
via renews.bizWATCH: Iowa tornadoes destroy wind turbines -
Impax raises €459m for renewables investment
via renews.bizImpax raises €459m for renewables investment -
Saudi firm signs 'record-breaking PPA'
via renews.bizSaudi firm signs 'record-breaking PPA' -
Alcazar receives US$490m to finance renewables
via renews.bizAlcazar receives US$490m to finance renewables -
Newcastle and SSE Energy Solutions collaborate on net zero
Newcastle City Council and SSE Energy Solutions have announced a collaboration to promote green innovation and employment opportunities in the region.
The agreement between the partners aims to speed up Newcastle’s plan to go carbon-neutral and train people for green jobs.This partnership is in line with Newcastle’s ambitious objective of achieving carbon-neutrality by 2030.
SSE Energy Solutions plans to establish a regional headquarters in the city to facilitate the realisation of t -
TenneT installs HK West Beta jacket
via renews.bizTenneT installs HK West Beta jacket -
Rovco selected for Outer Dowsing surveys
via renews.bizRovco selected for Outer Dowsing surveys -
E.ON Next’s tariff projected to save customers £17m
E.ON Next has announced that customers on its Pledge tariff are expected to save over £17 million collectively.
Launched in August 2023, the tariff guarantees energy prices £50 below the energy price cap and has attracted nearly 350,000 customers.
Since its inception, the tariff has already saved around £10 million, the company said.
With Ofgem projecting a £116 reduction in the price cap, customers may see an additional £50 decrease in their bills.
The tariff opera -
RPC secures finance for 553MW Swedish portfolio
via renews.bizRPC secures finance for 553MW Swedish portfolio
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