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.

In 2018, Gazprom plans to invest $3.2 billion in TurkStream

16/01/2018 14:32:00

Russian major gas firm Gazprom plans to fund an amount of 182.4 billion roubles ($3.2 billion) this year in TurkStream natural gas pipeline project.

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EBRD backs France’s Urbasolar plant in Kazakhstan

16/01/2018 13:50:00

The European Bank for Reconstruction and Development (EBRD) is backing French energy firm’s Urbasolar SAS in its intention to construct a solar power plant in Kazakhstan.

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Daily (16.01.2018): Brent crude settled close to a 3-year peak above $70 a barrel on tightening supplies

16/01/2018 11:24:00

Oil prices jumped to near a three-year peak above $70 a barrel on Monday on signs that output reductions by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

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