Renewables

France to cut renewable growth

France to cut renewable growth

The French Government will drastically reduce the growth of its renewable spending in 2019, with the ecology ministry’s draft budget showing a 1.3% rise, which will effectively be flat after inflation. Total spending on renewable projects will equate to €7.3 billion and will mostly go towards wind and solar schemes. […]

Scottish marine energy short of forecasts

Scottish marine energy short of forecasts

The ambitious forecasts of Scottish marine power during the first round of seabed leases in Pentland Firth and Orkney will be significantly shorter in reality. The Crown Estate first unveiled 11 sites to developers in 2010 with the ambition of generating 1.6 gigawatts of electricity over the next 10 years […]

Wind farms see a slump in returns

Wind farms see a slump in returns

The record temperatures that have swept across the UK this summer are set to continue into October, potentially having a monumental impact to the country’s wind industry. Last month wind generated power was down by an average of 20%, according to weather data company Vaisala OYJ, with wind speeds in […]

Irish tidal firm goes into liquidation

Irish tidal firm goes into liquidation

Irish tidal energy firm OpenHydro has been forced into liquidation after its French parent company Naval Energies ceased investment in the struggling company. Many companies within the European renewables community have described the situation as a significant setback for tidal technologies. OpenHydro was expected to make losses of over £114 […]

Proposal for America’s largest wind farm rejected

Proposal for America’s largest wind farm rejected

The Texas Public Utility Commission has dealt a crushing blow to American Electric Power Co’s Wind Catcher project by unanimously rejecting a proposal for the largest wind farm in the US, that was proposed to be built at a cost of $4.5 billion. The commission said the project does not […]

Goldman Sachs predicts major decline in solar demand

Goldman Sachs predicts major decline in solar demand

Banking giant Goldman Sachs has forecast a 24% decline in the global solar industry this year, which would be the first market contraction of its kind. Goldman is not alone in predicting a negative future for the world’s solar industry with Credit Suisse and Bloomberg NEF also anticipating declines across […]

SSE lose £80m in profits because of good weather

SSE lose £80m in profits because of good weather

Reduced output from renewable energy sources and higher gas prices have led to an £80 million hit on operating profits at SSE during the first quarter of this financial year. The Big Six firm has stated that its operating profits, for the three months to the end of June, have […]

Gas prices up on low wind output

Gas prices up on low wind output

Wholesale gas prices in the UK rose this week as demand from gas power plants rose following low wind output during the current heatwave. On Tuesday, within-day contract was up 1.00p for TRGBNBPWKD at 56.75p per therm, while day-ahead gas TRGBNBPD1 was also up 1.00p at 56.60p per therm. One […]