Renewables capacity in UK overtakes fossil fuels for first time

Renewables capacity in UK overtakes fossil fuels for first time

Britain’s renewable energy industry has hit a major milestone after the total renewables capacity overtook that of fossil fuels for the first time.

The country’s renewables capacity has risen to 42GW, passing the 40.6GW combined capacity of coal, oil and gas-fired power stations.

Renewable capacity has tripled over the past five years with significant growth in solar farms and offshore wind farms being connected to the grid.

Over the same period, a third of the UK’s fossil fuel capacity has...

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Uncertainty over Brexit leads to fall in clean energy investment

The UK has dropped one place to eighth position in accountancy firm EY’s Renewable Energy Country Attractiveness Index (RECAI) following uncertainty over the outcome of Brexit.

Investors are worried about how the UK’s exit from the European Union will affect the price at which it can export power to the continent and the cost of importing equipment.

During the third quarter, investment fell by 43% year-on-year.

China retained the top spot, followed by the United States, amid trade tensions...

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Failure of Moorside project highlights ‘nuclear gamble’

Campaigners have called for renewable energy to fill the gap left by Toshiba’s decision to abandon its Moorside nuclear power plant project in Cumbria.

John Sauven, Executive Director at environmental charity Greenpeace, said: “The end of the Moorside plan represents a failure of the Government’s nuclear gamble.

“The Government now needs to rapidly deploy renewable energy to fill the gap.

“That means restarting onshore wind, a new deal for expanding solar power, and upping ambition on more...

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Battery sector to attract $1.2tr over next two decades

The energy storage market is expected to boom by 2040 thanks to the falling cost of technology, according to Bloomberg New Energy Finance’s (BNEF’s) latest outlook report.

Investment in batteries is expected to amount to $1.2 trillion (£910 billion) over the next 22 years.

Global storage capacity is expected to rise to 942GW during the same timeframe.

Analysts predict the cost of utility-scale lithium-ion batteries will drop by 52% before 2030, making them more economical for use in electric ...

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Code of conduct launched for demand-side aggregators

The Association of Decentralised Energy (ADE) has published a voluntary code of conduct for companies acting as demand-side response (DSR) aggregators.

The code will be followed early next year by a code compliance scheme.

Seventeen aggregators and eight industry organisations – including Ofgem, National Grid and the UK Government – took part in the development of the “Flex Assure” code of conduct.

The trade body hopes the code will give businesses the confidence to use aggregators to help...

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Business energy prices could see 50% rise warns report

Volatility in the wholesale markets combined with rising non-commodity charges could force energy prices up by 50% by 2020 compared to 2016 prices, according to figures from consultancy firm Inenco.

Customers could face an increase of more than 10% in the total cost of energy this winter compared to 2017-18, fuelled both by wholesale rises and an increase in some indirect charges, such as the Capacity Market levy, the company warned.

Looking to next year, the firm flagged concerns over...

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13/11/2018 - Sector Round Up

SSE merger deals faces delay

SSE said the planned combination of its household energy business with npower could be delayed beyond the first quarter of 2019 as commercial terms are renegotiated.

The firm cited developments including the impact of the level of the UK Government’s price cap.

SSE chief executive Alistair Phillips-Davies said: "We continue to believe that creating a new, independent energy supplier has the potential to deliver real benefits for customers and the market as a...

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Huge surge in battery storage capacity ahead

New figures show battery storage capacity in the UK is set to increase dramatically.

Planning applications in the UK to install just 2MW of battery storage capacity in 2012 have soared since then to a total of 6,874MW in 2018, according to figures compiled for a new database launched by RenewableUK.

It also reveals that the average capacity of applications for new battery storage projects has increased from 10MW in 2016 to 27MW today, and that more than 300 UK-based businesses are operating...

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High energy bills not down to green policies, finds report

Green policies introduced by successive governments are not driving the primary driver behind increases in energy bills, according to a new report from the UK Energy Research Centre (UKERC).

Energy companies have blamed wholesale price rises and green policies for recent increases to businesses’ and consumers’ bills.

Researchers studied energy bills in the UK and compared them to those in Australia, France, Germany and Sweden to examine accusations Britain is “over-paying” to tackle climate...

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Government rejects mandatory carbon reporting

Companies and pension funds won’t have to report on their climate change risk after the UK Government rejected proposals to introduce the measure.

The House of Commons’ Environmental Audit Committee (EAC) had called on ministers to spell out in law that pension schemes have a duty to consider environmental risk as part of protecting long-term value.

Members of the EAC were concerned that confusion over the extent to which pension trustees have a duty to consider environmental impacts have...

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