Petrofac and GE have been awarded a contract worth more than £110million to engineer, construct and install a turnkey power system. It will connect up to 336MW of clean energy from the Galloper offshore wind farm off Suffolk, to the British grid.
Scotland’s hydro power faces an agonising march into near-oblivion by the end of the decade, an industry boss warned yesterday. Mark Mathieson, chief executive of Green Highland Renewables (GHR) said the UK Government had failed to take account of evidence and missed out on broader benefits of hydro energy in its review of feed-in tariffs.
Worldwide M&A activity in the power and renewable sector almost doubled last year, according to a new report. PwC’s annual findings show momentum is expected to continue throughout 2016.
A consortium has pledged £500million worth of backing for a £2billion wind farm planned for the outer Forth Estuary, bringing the construction phase a step closer, the company behind the project said yesterday. Mainstream Renewable Power is now in a stronger position to meet the March 26 deadline for achieving financial close, though a judicial review continues to cast doubt on the scheme. The Neart na Gaoithe (NNG) wind farm would bring huge economic gains to Scotland. More than £540million will be spent in Scotland during the construction phase, with 500 jobs created.
Demand for renewable electricity in Europe continued to grow last year up 8% from 2014, new data has shown.
Attempts are being made to revive the “corpse” of the carbon capture and storage (CCS) project which had been destined for Peterhead, Scotland’s energy minister said yesterday. But Fergus Ewing said none of the other options being mulled would be easy to put into practice. Plans to build the CCS plant were derailed in November following the UK Government’s decision to cut £1billion worth of funding for the technology.
The firm behind ambitious plans to create a floating windfarm off the north-east coast have promised it will deliver a jobs bonanza. Energy giant Statoil said last night its Hywind scheme would generate hundreds of posts during the construction, 15 miles from shore.
Dulas has completed work on the second phase of a 2.4MW solar project which will provide energy for Dŵr Cymru Welsh Water’s Five Fords waste water treatment works in Wrexham.
Work on a massive windfarm off the coast of a north-east town will begin in the summer, it was revealed last night.
The creation of a Scottish CO2 (carbon dioxide) Hub can unlock UK and European potential for carbon capture and storage (CCS), according to a new report.
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin 3 gamma topside for the North Sea.
Amber Rudd has confirmed the UK Government will push ahead with plans to scrap subsidies for new onshore wind farms, placing ministers on a potential collision course with the House of Lords.
E.ON and partner Haci Omer Sabanci are said to be in talks with Chinese investors to sell a stake in Turkey’s biggest private energy company to improve its debt and equity balance.
Shares in industrial fuel cell power company AFC Energy were almost four times oversubscribed as investors scrambled to snap up a bigger part in the business.
Renewables firm Welink Global has signed a £1.1billion agreement with a Chinese firm to develop solar power projects and energy-efficient housing in the UK
Scottish small-wind turbine manufacturer Gaia-Wind has sold its first turbines to Japan just weeks after establishing own local subsidiary.
Xcel Energy said it has started construction on a 200-megawatt windfarm in North Dakota.
Vattenfall expects to be able to build offshore wind power projects without subsidies by 2025, according to a senior company official.
Tidal power player Atlantis Resources has appointed a new director of project development to oversee its key developments in Scotland and internationally.
APR Energy has confirmed that the consortium of investors have acquired a 57% stake in the mobile power provider.
The slump in oil prices that’s brought upheaval and cost cutting to the traditional energy industry spared renewables such as solar and wind, which raked in a record $329.3 billion of investment last year.
Scottish renewable energy consultancy, SgurrEnergy, has opened an office in Mexico City to support the Americas' growing green power sector.
Scotland should set a new “ambitious” target of generating half of its total electricity, heat and transport demand from renewables by 2030, according to campaigners. It would require a threefold increase in current green energy generation, Scottish Renewables said as it launched a “manifesto” for political parties to adopt ahead of May’s Holyrood election.
A professor claims the creation of man-made ‘energy islands’ which would be anchored in the North Sea and the English Channel could help the world meet increasing power demands. University of Portsmouth Professor Carl Ross said the floating islands would be attached to the sea by tubular pillars with vacuum chambers in their bases, similar to offshore drilling rigs. The ocean engineer estimated around 120 islands could be dotted on around the UK and would sit around five miles out from the coast line.
US wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, according to the country's Energy Information Administration.