Offshore wind ‘could provide half of UK’s power demand’

04/02/2019 09:38 Wind


Offshore wind could provide a cost-effective and low carbon route to providing at least half of the UK’s future electricity demand.

That’s the verdict made in a new report commissioned by the Offshore Wind Industry Council (OWIC), which claims a long-term government strategy would enable private investment into the sector to continue, resulting in projects becoming largely subsidy-free in the 2020s.


The report suggests the UK’s offshore wind industry needs to seize the “huge export opportunity” available and argues it must be encouraged to innovate and create valuable intellectual property.


To achieve the growth required, it suggests businesses will have to commit to the sector and build a solid supply base to create lasting employment and export revenues.


The organisation warns placing UK manufacturing on a level playing field with foreign state-assisted competitors is likely to prove unsuccessful in the long term.


Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals

16/04/2019 10:34:00

Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.


EU approves €5bn Polish energy scheme, probes surcharge reductions

16/04/2019 09:01:00

The European Commission has approved a €5 billion (£4.3bn) Polish support scheme for co-generated electricity with surcharge reductions for large energy users.


Siemens Gamesa in final talks for 700-MW-plus offshore wind turbine contract

16/04/2019 08:58:00

Siemens Gamesa Renewable Energy SA said Monday it is in final negotiations with Swedish state-owned utility Vattenfall AB to supply turbines for the Hollandse Kust Zuid (HKZ) I & II offshore wind projects in Dutch waters.