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EU plans boost for power grid investment
The European Commission has drafted plans to scale up investment in Europe's power grids, including dozens of projects earmarked for priority access to permits and EU funding, a draft document seen by Reuters showed.
read more... 27/11/2023
National Grid Launches Massive $52 Billion Infrastructure Overhaul
National Grid has announced a wide range of policies and investments aimed at upgrading the U.K. and U.S. grid systems and tackling the backlog of energy projects waiting to be connected. While this is optimistic for the energy infrastructure of the two countries, climate activists are concerned that some of the moves may deter investment in renewable energy projects as the connectivity outlook remains uncertain. In addition, energy experts have repeatedly stated the enormous magnitude of the task of upgrading the U.K. and U.S. grid systems, with a multitude of challenges standing in the way of achieving the goal.
read more... 20/11/2023
Energy price cap to increase by 5% in January
Energy consultancy Cornwall Insight has unveiled its final forecast for the January to March 2024 Default Tariff Cap, projecting a 5% rise to £1,931 for a typical dual fuel household.
read more... 17/11/2023
Britain to boost offshore wind auction power price guarantees by 66%
Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment.
read more... 16/11/2023
Orsted pulls out of Norway offshore wind consortium
Orsted has pulled out of a consortium that was due to bid for offshore wind projects in Norway ahead of a pre-qualification deadline, one of its partners said on Monday.
read more... 14/11/2023