Energy industry reacts to election call

Energy industry reacts to election call

Political parties have been urged to recognise the importance of renewable energy to the UK as campaigning for the General Election got underway.

The call from trade body RenewableUK came as concerns were raised that the election may delay the publication of the Government’s long-awaited Clean Growth Plan, formerly known as the emissions reduction plan.

RenewableUK Executive Director Emma Pinchbeck said political parties should support a vibrant renewable energy sector if they want to be...

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Green Investment Bank sold to Macquarie

Australian bank Macquarie has unveiled plans to invest £3 billion in low-carbon projects over the next three years after buying the Green Investment Bank (GIB) from the UK Government.

If the investment comes to fruition then it will represent an acceleration for the GIB, which has invested £3.4bn since it was created four-and-a-half years ago, leveraging £3 of private sector finance for £1 of public money invested.

The UK Government sold the bank for £1.7bn, with Macquarie taking on a further ...

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Greener industrial strategy urged

Six trade bodies have written to Business & Energy Secretary Greg Clark to focus the UK Government’s industrial strategy on low-carbon technologies.

The signatories highlighted how renewables could prevent the UK becoming reliant on imported power and on inflationary pressures from fuels such as natural gas.

The letter called for:

  • a “robust assessment” of the UK’s energy needs and how they could be met alongside its carbon dioxide-reduction targets;
  • assurances the energy market will...

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First working day without coal generation since Industrial Revolution

Britain has seen its first working day since the industrial revolution without coal-powered generation, according to the National Grid.

From 11pm on Thursday to 11pm on Friday the nation’s electricity demand was met by natural gas, nuclear, wind, solar, biomass and imported power from France.

National Grid’s Director of System Operator Cordi O’Hara described it as a “watershed moment in how our energy system is changing”

“The UK benefits from highly diverse and flexible sources of...

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Government warned against environmental ‘race to bottom’

Environmental groups have warned the UK Government not to water down its climate change and environmental commitments during Brexit negotiations with the European Union (EU).

In a letter to Prime Minister Theresa May, the signatories accused the UK Government of “dragging its feet” on the publication of its clean growth plan, its 25-year environment plan and a water bill for England.

The letter said that “recently photographed documents appeared to show that the UK Government could scale back ...

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Firms using new reporting method to ‘greenwash’ performance claims report

Some companies are using integrated reports that combine financial, environmental and social performance to try to hide poor performance, according to a study by the University of East Anglia (UEA).

Researchers found that if a firm’s financial performance was weak then the reports tended to be “significantly longer, less readable and concise, and more optimistic – and so less balanced – suggesting attempts to ‘greenwash’ the true performance”.

Businesses with a poor social performance...

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Sector Round Up 25/04/17

Energy innovators offered £13m funding pot

The UK Government has launched the latest round of its Energy Catalyst Competition, which is offering up to £13 million to “innovation projects to address the global need for clean, affordable and secure energy”.

Projects can be at early, mid or late stages and can include international partners.

Registration closes on 21 June, with applications due a week later.

> Find out more about the fund

French company in UK renewables move

Greensolver,...

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Energy networks decisions urged

A “whole system” approach must be adopted to redesign the UK’s energy networks, according to an an industry body.

The Energy Technologies Institute (ETI) has published a portfolio of reports after carrying out 10 years of research and technology development in its energy storage and distribution technology programme.

Liam Lidstone, Strategy Manager at the ETI, said: “In the years to come, the UK will change how it generates, imports and distributes energy and people will change how they use...

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Rough storage site shut to new supplies

British Gas-owner Centrica is to keep its Rough gas storage facility in the North Sea closed to new supplies for another winter.

The site, which closed last July for maintenance work, had been due to re-open in November, but will now remain offline until April.

Gas prices rose on news of the delay at Rough, which accounts for 70% of the UK’s gas storage capacity.

But Matt Drinkwater, a Senior Gas Expert at market data company Argus, told the Daily Telegraph newspaper: “The market price move...

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Green Investment Bank sale appeal dismissed

The High Court in London has rejected a request from Sustainable Development Capital (SDCL) for a judicial review into the sale of the Green Investment Bank (GIB).

The UK Government planning to sell the lender to Australian investment bank Macquarie.

SDCL brought the legal challenge after its consortium’s bid was rejected.

It claimed Macquarie’s bid did not comply with the rules for the process.

No statutory framework

Judge Lewis said there was no statutory framework in place for the sale...

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