Octopus Energy Generation to invest $20 billion in offshore wind by 2030
Octopus Energy is to invest $20 billion (£15 billion) into offshore wind by 2030 with a view to generating 12GW of renewable electricity a year.
Ofgem shortlists four operators for its ‘largest offshore transmission tender ever’
Energy regulator Ofgem has shortlisted four potential operators for its next Offshore Transmission Owner (OFTO) bidding round for projects worth around £2 billion.
Multi-technology Energy Centre helps The Royal Mint in Wales decarbonise
Infinite Renewables is launching a new multi-technology Energy Centre at The Royal Mint in Wales today (19 July).
Hornsea Project Four offshore wind farm gets government green light
Energy Security minister Grant Shapps has given government approval for the construction of the Hornsea Four offshore windfarm.
Renewables accounted for almost half of electricity in Q1 2023
Figures released by the Department for Energy Security and Net Zero (DESNZ) at the end of June show that “renewable generation reached a record share of 47.8% of total generation”.
Current± Price Watch: High levels of renewable generation cause prices to plummet over the weekend
This week’s issue of Current± Price Watch – powered by Enact - looks at the causes of negative energy prices over the weekend, Ofgem’s price cap forecast and the effects of the falling imbalance prices.
Virgin Money funds Ripple Energy’s third consumer-owned project
Virgin Money has granted a £14 million financial package to support Ripple Energy’s 18.8MW consumer-owned wind farm in Ayrshire, Scotland.
Marine energy in Wales receives ‘record-breaking’ investments over the last year
According to a State of the Sector Report released today (27 June) the marine energy sector in Wales has received a “record-breaking” £103.4 million in investments and spending last year.
Renantis and Ventient Energy combine to create one of Europe’s ‘largest’ IPPs
Renewable energy provider Renantis and renewables business Ventient Energy have joined forces intending to become “one of the largest renewable independent power producers (IPPs)” in Europe.
Wales must double grid capacity by 2035 to meet wind power target
New figures released today (27 June) for Wind Energy Week by trade body RenewableUK Cymru show that Wales will need to double its current grid capacity to accommodate its wind planning pipeline.
