Posted on: 10/07/2018
Scotland’s largest offshore wind site starts generating
The European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay has begun producing its first power
The 11-turbine site is expected to reach full power later this summer, with the first turbine having only been installed in April.
Jean Morrison, chair of the Aberdeen Renewable Energy Group trade body, said: “The timescale between the first installation and first power is remarkable.”
Community group buys renewable developer
Community Power Cornwall, the county’s first community-owned energy co-operative, has bought developer West Country Renewables for £1.34 million.
West Country Renewables owns five solar arrays and three wind turbines,
The Low Carbon Society – a community development financial institution – funded the purchase with a £1.43m loan, which also covered fees and warranties, with £1.27m covered by Cornwall Council through a loan facility to the society.
Centrica backs green gas firm
British Gas-owner Centrica has bought a 50% stake in Barrow Green Gas, the UK’s largest biomethane supplier.
Cassim Mangerah, Co-Managing Director for Energy Marketing & Trading at Centrica, said: “We expect the biomethane market to continue to grow across the UK and Europe, underpinned by supportive regulation and growing customer demand for renewable energy.”
Centrica said Barrow would continue to operate as a separate company.
Clean energy cost comparison tool launched
The Energy Technology Institute (ETI) has unveiled a tool for comparing the “true cost of low-carbon energy generation”.
The “Technology Comparator” analysis tool runs on a Microsoft Excel spreadsheet and allows users to “explore the interaction and cost effectiveness of different energy generation sources, including back-up generation, to help them to understand the true cost of the energy source”.
The tool not only calculates the expected levelised cost of energy for chosen technologies, but also links into the average annual cost of electricity with and without a carbon price, comparing how well a range of generating technologies can match half-hourly electricity demand through a number of sample years and what the total cost might be.
Foresight acquires solar farms
Foresight Solar Fund is to buy 18 solar farms in the UK with a combined capacity of 134.2MW for £55 million.
Part of the purchase was funded through the issue of 45 million shares, which raised £48.1m.
Alexander Ohlsson, Foresight’s Chairman, said: “Through the anticipated acquisition of 18 operational assets in the UK, Foresight Solar Fund will become the largest UK-listed dedicated solar energy investment company by installed capacity, further diversifying our asset portfolio and underpinning our long-term dividend policy.”