The Informer

National Grid hails zero-carbon milestone

This year will see Britain generate more electricity from zero carbon sources than fossil fuels for the first time since the Industrial Revolution.

National Grid said reaching the “landmark tipping point” followed a decade-long revolution in power sources.

In May, Britain achieved its first coal free fortnight and generated record levels of solar power for two consecutive days, powering more than a quarter of the country’s daily electricity consumption.

Although John Pettigrew, Chief Executive...

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Brexit tops energy professionals’ concerns

Risks posed by Brexit are the top concern for energy industry professionals, a survey has found.

The Energy Institute (EI) said: “The continued focus on Brexit is swallowing up political bandwidth, compounding perennial concerns among those working in the sector about UK energy policy.”

Although more than 60% of those surveyed believe tariffs that reward flexible demand will be attractive to householders, a similar proportion think very few consumers will allow suppliers to control their...

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‘Erratic policies’ holding back renewables

Politicians have been blamed for holding back the development of renewable energy through 'erratic policies'.

Policy group REN21’s annual Global Status Report (GSR) said political inaction was standing in the way of reaching the United Nations’ climate and development goals.

The paper highlighted a “lack of ambitious and sustained policies” to drive decarbonisation across the heating, cooling and transport sectors.

Renewables supply more than 26% of global electricity, but only 10% of the...

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Investors urge more information from businesses on environmental impact

More than 700 companies are being targeted in the Carbon Disclosure Project’s (CDP’s) latest non-disclosure campaign.

A group of 88 investors that together represent $10 trillion (£8tn) of assets have accused the businesses of not being transparent enough about their environmental impact.

The investors include HSBC Global Asset Management, Investec Asset Management and the Environment Agency Pension Fund.

Companies being targeted in this year’s campaign include Amazon, BP and Volvo.

...

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Solar, wind, batteries to attract $10trn to 2050

Solar or wind are already the cheapest way to add generation capacity in two-thirds of the world, according to Bloomberg New Energy Finance’s (BNEF’s) latest report.

The 2019 New Energy Outlook study forecasts that $13.3 trillion (£10.5tn) will be invested globally between 2018 and 2050 to cope with a 62% increase in demand for electricity.

Wind will capture $5.3tn of the investment, with solar taking $4.2tn.

Grid expansion will soak up $11.4tn, while batteries will account for $840 billion...

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Net zero will require huge change says research body

Reaching net-zero will require economy-wide changes that extend well beyond the energy system, according to a new report from the UK Energy Research Centre (UKERC).

Some sectors will need to make fundamental changes to their business models and operating practices, while others may need to phase out core assets.

Government may need to play a role in disrupting specific sectors purposefully to ensure the move away from high-carbon business models.

Jim Watson, Director of the UKERC and...

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25/06/2019 - Sector Round Up

£100m fund to support offshore wind

The Offshore Wind Industry Council (OWIC) is launching a £100m, 10-year programme to support the growth of UK businesses looking to capitalise on the huge opportunities offered by the growth in offshore wind around the world.

The new initiative, the Offshore Wind Growth Partnership (OWGP), is a key part of the recent Sector Deal between industry and Government, which will see at least 30 gigawatts of offshore wind installed by 2030, generating a third of the...

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Net zero target welcomed by energy industry

Energy sector leaders have welcomed the UK Government’s decision to legislate for an end to carbon dioxide emissions but environmentalists have called for faster action.

Lawrence Slade, Chief Executive of trade body Energy UK, said: “This exciting commitment from the Government to meeting the 2050 net-zero target will see the UK continue its world-leading role in tackling climate change, and the energy sector is ready to lead further progress which will deliver benefits for the environment,...

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Capacity Market auction clears at record low

The delayed T-1 capacity auction for delivery next winter has cleared at 77p/kW, a record low since the mechanism was introduced.

In total, 129 units were awarded an agreement, totalling 3.6GW of capacity. Reciprocating engines were the biggest winners with 45 agreements followed by CHP with 29.

Demand-side response providers also won agreements covering some 200MW of capacity. Only 6 battery storage projects were successful.

Around 9.4GW of de-rated Capacity entered this year’s T-1, more...

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Onshore wind farms ‘could save £50 a year on energy bills’

The cost of electricity would fall by 7% if the UK Government followed its advisor’s recommendation to increase onshore wind power production.

The Committee on Climate Change advised ministers to nearly triple the UK’s onshore wind power capacity from 13GW at present to 35GW by 2035.

A separate report by Vivid Economics has now quantified the benefits, calculating that erecting wind turbines instead of building gas-fired power stations would ensure household electricity bills were £50 lower...

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