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.
Improved reward schemes offered to onshore wind local communities
The UK Government yesterday (11 May) set out new proposals to improve reward schemes offered to communities living locally to onshore wind farms.
Scotland’s ‘largest’ standalone battery energy storage asset now operational
SUSI-Eelpower, a joint venture between SUSI Partners and Eelpower, and EDF Energy have brought Scotland’s “largest” standalone battery storage asset online, the companies said.
GB becomes net importer of electricity in Q1 2023, says EnAppSys
Great Britain (GB) returned to being a net importer of electricity in the first quarter of 2023 while renewable generation was the largest contributor to the power generation mix, says EnAppSys.
Statkraft purchases two Shetland wind farms
Renewable power generator Statkraft has purchased two wind farms in Shetland with an approximate generation capacity of 120MW.
