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.

Daily (21.09.2017): British day-ahead gas price fell 3.6% on abundant flows from Norway

21/09/2017 11:18:00

Oil prices jumped 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its biggest third-quarter gain in 13 years after the Iraqi oil minister declared OPEC and its partners were envisaging to deepen output reductions.

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(21.09.2017): Weekly Energy Market Review at a Glance

21/09/2017 09:32:00

Here's a quick snapshot of the main energy indicators in the last 7 days.

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Total invests in solar, EREN and GreenFlex, aiming renewables growth

20/09/2017 13:36:00

Total increases its share in renewables by investing in solar and wind energy producer EREN RE and energy efficiency company GreenFlex.

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