UK: The world’s hugest offshore wind farm to be built by Dong Energy

12/09/2017 15:34 Wind

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The UK contract to build 1.4 gigawatts (GW) capacity at its Hornsea 2 wind power project, likely to be the world’s hugest offshore wind farm, has been awarded to DONG Energy.

According to the Danish wind firm, the guaranteed price to deliver power, established under the Contracts of Difference (CfD) scheme, is 57.50 pounds/MWh, or 50 % lower than the allocations at auction two years ago.

 

The replacement of direct subsidies for renewable power with a contracts-for-difference (CfD) system was part of the reforms to Britain’s electricity market.


According to the scheme, a minimum price is guaranteed for the eligible projects, at which these can sell electricity, and renewable electricity producers bid for CfD contracts in a round of auctions.

 

The Hornsea Project Two will have enough power to supply 1.3 million homes with electricity.

Shell aims to enter UK electricity market

19/09/2017 10:06:00

Shell Energy Europe announced its intention to enter the UK ellectricity market. For the sake of electricity supply it has applied for a licence to provide power to industrial and commercial businesses in Britain. The licence should be signed now, as planned by oil giant, in order to start supplying electricity at the beginning of next year.

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UK prepares a scheme for domestic nuclear safeguards

18/09/2017 17:01:00

As UK is preparing to exit European Union, it has planned a domestic nuclear safeguards regime, proving its responsibility of a nuclear state. The withdrawal from Euratom will not lead to poorer safeguards standards and oversight in the nation, as announced by the UK secretary of state for Business, Energy and Industrial Strategy. 

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Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR

18/09/2017 11:40:00

A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.

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