renewables

  • UK Green Investment Bank with dual base in London and Edinburgh

    Posted By : Daniel Kiernan on March 9th, 2012

    Location : renewables

    UK Green Investment Bank with dual base in London and Edinburgh

    The UK Green Investment Bank (GIB) will be headquartered in Edinburgh, Scotland, and the main transaction team will be based in London, England, according to Business Secretary Vince Cable.

    The Green Investment Bank, which is expected to become fully operational this autumn, will now start the recruitment of the Chair and Senior Independent Director. The GIB will employ 50-70 full time equivalent staff across the two sites.

    Cable says: “Harnessing the strengths of Edinburgh and London will support the Green Investment Bank’s am…

  • E.ON starts work on waste-wood biomass plant

    Posted By : Daniel Kiernan on March 7th, 2012

    Location : renewables

    E.ON starts work on waste-wood biomass plant

    Energy minister Charles Hendry attended the groundbreaking ceremony for the construction of a waste-wood fuelled biomass plant at Blackburn Meadows near Sheffield yesterday (March 7).

    The £120 million plant is being developed by energy giant E.ON approximately 5.5km north East of Sheffield city centre and when operational will generate up to 30MW by converting waste woodchip into electricity.

    The waste wood is being sourced from local authorities and businesses under a long-term contract with Lancashire-based wood recycler Plevin …

  • Green energy investors turned on to UK opportunity

    Posted By : Daniel Kiernan on February 28th, 2012

    Location : renewables

    Green energy investors turned on to UK opportunity

    Advancing plans for a fleet of large offshore wind projects have seen the UK rise to fifth on a list of the world’s most attractive countries for renewable energy investors, providing a timely boost to the government’s green agenda.

    Plans for the world’s largest wind farm, a £4.5bn, 1,500MW development 13 miles off the coast of Caithness in Scotland, as well as the award of a £150m European Investment Bank loan to wind farm developer Vattenfall to support the extension of the existing Thanet offshore wind farm were cited as th…

  • Warming to renewable investments

    Posted By : Daniel Kiernan on February 27th, 2012

    Location : renewables

    Warming to renewable investments

    Climate change is one of the gravest threats facing the globe.

    However, the development of renewable energy sources, alongside nuclear power and carbon capture and storage techniques, helps cut the harmful greenhouse gases that cause it.

    Renewable energy resources form a key part of the UK’s plans for reducing the nation’s reliance on fossil fuels for its energy needs.

    Although they currently constitute a small percentage of the UK’s energy market, they are a growing force. The UK is uniquely positioned to take advantage of a wid…

  • Investors welcome UK renewables reforms, but eschew solar

    Posted By : Daniel Kiernan on February 15th, 2012

    Location : renewables

    Investors welcome UK renewables reforms, but eschew solar

    Managers of funds investing in UK renewable energy projects have welcomed some of the proposed changes to feed-in tariffs (FiT) announced last week, but say they are unlikely to invest in new solar projects.

    The UK government launched consultations last week on a raft of proposed changes, notably on a system for gradually reducing support (or ‘tariff degression’) for solar photovoltaic (PV) installations, which were subject to a controversial decision to slash subsidies last year.

    However, this aspect was largely irrelevant to the cro…

  • Shortlist for 2012 Sustainable Biofuels Awards Announced

    Posted By : Daniel Kiernan on February 14th, 2012

    Location : renewables

    Shortlist for 2012 Sustainable Biofuels Awards Announced

    World Biofuels Markets 2012 ( www.worldbiofuelsmarkets.com ), Europe’s largest congress and exhibition focused on biofuels, announced the shortlist of award winners for the 2012 Sustainable Biofuels Awards ( www.sustainablebiofuelsawards.com ). The awards, designed to recognise innovation in the development of truly sustainable and renewable fuels, will be presented on day two (Wednesday 14th March) of the 7th annual World Biofuels Markets.

    The awards span ten categories including biofuels leadership, technology, adoption, bioethanol, bi…

  • UK to Unveil World’s Biggest Offshore Wind Farm for Powering 320000 Homes

    Posted By : Daniel Kiernan on February 9th, 2012

    Location : renewables

    UK to Unveil World’s Biggest Offshore Wind Farm for Powering 320000 Homes

    With over 100 turbines generating power for around 320,000 homes, the Walney project is regarded as the world’s biggest offshore wind farm. It will be officially launched on Thursday, by the British government.

    The launch will reportedly mark the start of a £33 billion push to expand sea-based generation of electricity by more than 10-fold by the end of the decade.

    The new energy secretary, Ed Davey, a Member of Parliament and a Liberal Democrat, will officially open the farm that is located approximately 15km from the c…

  • PwC report: Investment in renewables jumped by 40% in 2011

    Posted By : Daniel Kiernan on February 2nd, 2012

    Location : renewables

    PwC report: Investment in renewables jumped by 40% in 2011

    A new global mergers and acquisitions (M&A) report by PricewaterhouseCoopers (PwC) has revealed a massive 40% increase in renewable investment from 2010 to 2011. Investment in ‘new generation’ technologies – including solar, wind and biomass – leapt from US$38.2 billion in 2010 to a record US$53.5 billion in 2011, according to the report. The massive increase is due to a variety of factors, the most noteworthy of which are falling solar prices and the change in attitude towards nuclear power following the Fukushima crisis in …

  • Electrifying UK villages with transparent solar panels

    Posted By : Daniel Kiernan on February 1st, 2012

    Location : renewables

    Electrifying UK villages with transparent solar panels

    It’s a common myth that the UK doesn’t have sufficient sunlight for solar energy. In fact England receives a higher solar radiance on average than Germany, while Germany represents half of Europe’s installed solar capacity, generating over 3% of the country’s total electricity.

    An innovative Cambridge-based developer and manufacturer of photovoltaic (PV) glass, Polysolar, has applied its transparent solar panels to develop greenhouses, orangeries, car ports, balustrades, canopies, lean-to shelters and garden offices.

    Just…

  • First UK marine energy park to be established in South West of England

    Posted By : Daniel Kiernan on January 26th, 2012

    Location : renewables

    First UK marine energy park to be established in South West of England

    The UK’s first officially designated ‘marine energy park’ for the development of wave and tide-powered renewable energy will be established in the South West of England, the Government has announced.

    The South West Marine Energy Park, which will stretch from Bristol through Cornwall to the Isles of Scilly, will speed up the progress of marine power development by combining the resources of national and local government; Local Enterprise Partnerships; universities, and industry, the Government said.

    The park was commissi…

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