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Renewables/Energy Transition

Renewables/Energy Transition

Carbon content of electricity generation falls to record low in Ireland

The carbon content of electricity generation in Ireland fell to a record low last year, according to new figures by the (SEAI) Sustainable Energy Authority of Ireland. Renewable electricity help the country avoid 2.6million tonnes of CO2 emissions in 2014 and is now one of the single biggest contributors to carbon dioxide emissions reduction in Ireland. The body said without renewables, power generation emissions would have been around 23% higher.

Renewables/Energy Transition

Climate Change Levy has impact on Infinis Energy revenues

Infinis Energy said its revenue was down this year to £102.7million compared with 2014. The renewables company said its EBITDA was also lower at £56.5million compared with £58.3million the year previously. Infinis said its revenue had also been adversely affected by a £3.1million reduction in the company’s estimate of ROC recycle income previously accrued in the last financial year.

Renewables/Energy Transition

Aberdeen Asset Management boosts its power from solar energy

Aberdeen Asset Management has completed the installation of 1,000 solar panels on an investment property it owns in North London. The Aberdeen investment firm said the installation at the materials recycling facility (MRF) will provide an estimated 225,000 kilowatt hours (kWh) of electricity to tenant Biffa Waste Services, saving around 20 tonnes of carbon dioxide (CO2) annually.

Renewables/Energy Transition

Green Investment Bank legislation could be required, peers told

New laws could be required to ensure the Green Investment Bank continues investing in renewable projects when it is privatised, a Government minister has suggested. Cabinet Office Minister Lord Bridges said he recognised concerns that the state-owned bank could be broken up or used to fund other non-green projects once it is privatised under Business Secretary Sajid Javid’s plans. The proposal has been controversial and Liberal Democrat peers warned there was no requirement that it continues its so far successful mission to boost renewable projects once it is sold off.

Renewables/Energy Transition

Scottish Government could miss key green energy target

The Scottish Government will miss a key green energy target if proposed wind power projects fail to attract enough investment, renewables leaders have said. Industry body Scottish Renewables estimated that without further support for offshore and onshore wind farms, the country would generate the equivalent of 87% of electricity demand from environmentally friendly sources by 2020. That is short of the target set by ministers of providing the equivalent of 100% of demand from renewables by this date.

Renewables/Energy Transition

Raggnar boosts product offering after inking new distribution deals

An Aberdeenshire renewable energy firm Raggnar has vowed to deliver savings on electricity for households and businesses after inking a new distribution deal. Since it was set up almost three years ago, Raggnar has installed biomass boilers across the UK. The Insch-based firm will now be able to provide not just green heat, but also electricity and industrial cooling systems under the new deals.

Renewables/Energy Transition

Enbridge joins Rampion offshore wind project

Enbridge has joined the Rampion offshore wind project by acquiring a 24.9% interest, becoming one of three shareholders in the plans. E.ON will remain as the controlling shareholder with a 50.1% interest while GIB (Green Investment Bank) will continue to hold a 25% stake. Adrian Scholtz, head of renewables at KPMG and lead advisor on the deal, said it highlighted a “growing global appetite” for offshore win.

Renewables/Energy Transition

Orkney’s wind turbine scheme gets underway

The first phase of Orkney’s new fully funded community wind turbine scheme is expected to go live later this month. Farmers and landowners at 20 properties are set to benefit from discounted electricity for at least two decades as a result. Hamsin Wind is aiming to install over 60 single onshore wind turbines at residential and commercial sites across Orkney by the end of 2015 and is actively seeking applications from interested parties.

Renewables/Energy Transition

Statoil’s floating wind turbines to power the world with clean energy, starting with Scotland

Statoil said yesterday the groundbreaking renewable technology it is bringing to Scotland has the potential to supply the entire world with clean energy. It comes a day after the Scottish Government approved the Norwegian energy giant’s £180million plan to install the world’s first floating wind farm off the coast of Aberdeenshire. Statoil said the technology boasts a number of practical and environmental advantages over fixed turbine wind farms.