Posted on: 17/10/2017
Innogy becomes sole owner of Triton Knoll
Renewable energy developer Innogy has bought out its joint venture partner Statkraft to take full control of the Triton Knoll offshore project.
Innogy said it planned to make its final investment decision on the project in the middle of next year.
The 860MW project which is planned off the coast of Lincolnshire and has been awarded a Contract for Difference.
10MW energy storage project online
German power provider E.ON has completed the installation of a 10MW battery at the Blackburn Meadows biomass plant near Sheffield.
The battery was awarded an enhanced frequency response (EFR) contract by National Grid.
Avid Topping, Director of Business Heat and Power Solutions at E.ON, said: “Having undergone successful grid testing by National Grid we are the first EFR operator to complete the installation and bring our system online.”
GE looking at turbine R&D facility
General Electric’s renewable energy business has applied for planning permission to open a research and development facility at Southampton’s Centenary Quay.
The company said that the site would be used to test components for wind turbines.
Southampton Council is expected to reach a decision on the planning application in January, following a consultation with the local community.
Triodos in £18m solar refinancing
Dutch finance house Triodos Bank has lent £17.9 million to Spanish renewable energy developer Gamma Solutions to refinance two solar farms in the UK.
Stokes Marsh solar farm is near Coulston in Wiltshire, while Stoneshill solar farm is near Exeter in Devon.
Stirling Habbitts, who led the transaction within the project finance team at Triodos Bank UK, said: “We were able to increase our finance offer by combining project finance with a mezzanine loan.”
Deep sea wind farm ‘could power whole planet’
Researchers at the Carnegie Institution for Science in the United States have calculated that erecting a wind farm the size of India in the North Atlantic Ocean could provide enough electricity for the entire world.
Writing in the Proceedings of the National Academy of Sciences journal, Anna Possner and Ken Caldeira said a wind farm spread across three million square kilometres could generate 18TW of power.
Possner said: “We found that giant ocean-based wind farms are able to tap into the energy of the winds throughout much of the atmosphere, whereas wind farms onshore remain constrained by the near-surface wind resources.”