China's biggest coal producer, Shenhua Group, plans to list its wind farm assets in an initial public offering in Hong Kong valued at up to $1 billion, IFR reported on Monday, citing people familiar with the plans.
A new user friendly web-based monitoring system for wind turbines has been developed by US-based Renewable NRG Systems (RNRG).
The Government's shake-up of the renewable sector could lead to billions of pounds of investment being put on hold it has been claimed.
A new 500 kilowatt turbine scheme has been launched by Harworth Estates.
The number of companies, farms and communities creating their own electricity has risen more than 50% in a year. Figures show 775 organisations have bought generating equipment in a bid to insulate themselves from rising energy costs and to reduce carbon emissions. The report by independent energy firm SmartestEnergy shows the number was just 509 in 2013.
UK green power provider Renewable Energy Generation has extended its contracts with National Grid to provide Short Term Operating Reserve ('STOR') through its existing 26MW bio-power plants.
Green energy provider Renewable Energy Generation has been given planning permission for a new eight megawatt windfarm.
Renewables consultancy SgurrEnergy has completed technical support for two Scottish wind farms.
Green-energy giant Infinis suffered a near 8% slide in the value of its shares after it confirmed the chancellor’s decision to scrap climate change tax breaks for renewables generators will cost it £7million by March. In Wednesday’s Budget, Chancellor George Osborne said the Climate Change Levy (CCL) exemption, which allows businesses not to pay the environmental tax levied on energy if it has come from renewable power, would be removed in August. The move continues the UK Government’s “crusade” to scale back financial support for renewables, which has not been perturbed by the approach of United Nations climate change talks in Paris later this year.
UK Chancellor George Osborne's budget move to cut back on green tax breaks has cost one renewable firm £18million over the next two years, it was claimed today.
RenewableUK, the trade association representing the wind, wave and tidal energy industries, has strongly criticised the Chancellor’s budget announcement that he is retrospectively changing the rules governing the Climate Change Levy.
The Government has come under attack for its decision to curb onshore wind after a turbine factory announced plans for closure with the loss of 125 jobs. Steel manufacturer Mabey Bridge said it is proposing to close its renewables division in Chepstow, Monmouthshire, with the “uncertainty of market conditions for the UK onshore wind industry” in the longer term a contributing factor. The move follows a failure in exhaustive efforts to find a buyer for the business as a going concern, the company said. The news comes after the Government announced it was ending subsidies for new onshore wind farms a year early, to meet a pre-election pledge to halt the development of onshore wind. Juliette Stacey, chairman of Mabey Bridge, said: “The uncertainty of market conditions for the UK onshore wind industry in the longer term has been a contributing factor. A Welsh Government spokesman said: “This is bad news and clearly comes as a direct result of the UK Government’s recent announcement to end onshore wind subsidies. This has created uncertainty for the onshore wind industry and we warned of the possible consequences at the time.
The onshore wind industry faces great uncertainty following the announcement by energy and climate change secretary Amber Rudd that its place in the so-called Renewables Obligation will end in 2016.
A Scottish hydropower firm has lured away a top executive from SSE to run the business. Green Highland Renewables (GHR), which was recently acquired by a London infrastructure investment firm, has appointed Mark Mathieson as chief executive Officer. He will join the firm in August. Mr Mathieson has spent over 25 years in various engineering and leadership roles within SSE, most recently spending nine years as the Managing Director of SSE’s Networks business.
JDR has landed a deal with Siem Offshore Contractors for a North Sea wind farm.
A record 22.3% of electricity was generated by renewables such as wind, biomass and solar in the first three months of this year, figures show. The share of UK power coming from renewables was 2.6 percentage points up on the first quarter of last year, and slightly higher than in the previous three months, the data from the Department of Energy and Climate Change (Decc) revealed.
General Electric Co. agreed to help develop a A$450 million ($348 million) wind farm in Australia, spurred by parliament’s approval of a new renewable energy target. GE will supply turbines to the 240-megawatt Ararat wind farm in the state of Victoria that’s being developed with partners including Renewable Energy Systems Ltd., according to a statement from the companies. The development is expected to become the nation’s third-largest wind farm.
A record 22.3% of UK electricity was generated by renewables such as wind, biomass and solar in the first three months of this year, figures show.
Long-frustrated wind and solar developers in Australia can now get to work on more than A$14 billion ($11 billion) in projects after a new renewable energy target passed parliament. Acciona SA, the Spanish clean-energy company, will start talks with banks and retailers as it progresses with A$750 million in new wind farms. SunEdison Inc., the U.S. solar company, said it will look at developing large projects in Australia.
Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for consumers and the poorest nations. Solar power will draw $3.7 trillion in investment through 2040, with a total of $8 trillion going toward clean energy. That’s almost double the $4.1 trillion that will be spent on coal, natural gas and nuclear plants, according to a forecast from Bloomberg New Energy Finance.
An eagerly-awaited message from the Pope being formally published today is expected to warn of the urgent need to tackle “unprecedented” climate change and destruction of nature. The papal encyclical, a letter sent to 5,000 Catholic bishops worldwide, is being published in five languages, and Pope Francis has said the document is “addressed to everyone”, not just the world’s 1.2 billion Catholics. A leaked draft of the encyclical, which appeared on the website of Italian news magazine L’Espresso in Italian earlier this week, indicates the pontiff will use it to spell out the moral and scientific case for protecting the environment.
Councillors are being asked to relax a planning restriction surrounding a massive 186-turbine offshore windfarm. Moray Offshore Renewables Ltd (MORL) won planning permission from the Scottish Government to construct 186 turbines 14 miles from the Caithness coast last year. Members of Aberdeenshire Council then approved two electricity substations near New Deer to support the scheme. Approval was granted on the condition that MORL provided council officers with information on how 20 miles of underground cabling would impact on roads and the environment.
Aberdeen city bypass designer WS Atkins yesterday said a steady flow of nuclear and renewable-energy projects had helped to balance ongoing “staff reductions in oil and gas”.
A new international research programme is being launched to make renewables cheaper than coal within 10 years. The scheme’s backers, who include leading figures from business, government and academia, warn that cheap clean energy is crucial to keeping global temperatures from rising by more than 2C - seen as the threshold for dangerous climate change. Like the US programme in the 1960s to put a man on the moon, the Global Apollo Programme has a clear goal, in this case to make electricity from solar and wind cheaper than power from coal in every country and to do so within a decade.
Local communities will have the final say in bids to build large scale onshore wind farms under plans set out in the Queen’s Speech. The Government is introducing an Energy Bill which will change the law to remove the need for the Energy Secretary to approve large wind farms of more than 50 megawatts (MW), schemes which would typically involve dozens of wind turbines.