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.

EU more reliant on Russian gas despite diversification efforts

15/01/2018 11:09:00

Russian major energy company Gazprom, supplied Europe with record amount of gas, despite cold diplomatic relations between Russia and the European Union.

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Daily (15.01.2018): UK day-ahead gas contract surged by 2.3% on Friday due to higher demand

15/01/2018 10:05:00

Oil prices surged on Friday, remaining on track for a fourth consecutive week of gains, bolstered by a drawdown in U.S. inventories and a pullback in production, combined with steady demand and the extension of OPEC’s global supply cut deal.

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Turkey's National Energy Efficiency Plan welcomed by EBRD

12/01/2018 16:10:00

The European Bank for Reconstruction and Development (ERD) salutes Turkey's National Energy Efficiency Action Plan (NEEAP). It has as a target to reduce 14 percent of primary energy consumption by 2023 and invest almost $11 billion in energy efficiency measures.

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