UK: renewable energy market set to double by 2017

28/01/2013 10:42 Renewable


According to a new report by EDF Energy, the amount of energy generated by renewables in the UK is set to double in the next five years to 75 TWh, contributing 20% of the nation’s total generation capacity.

It is expected that growth will be driven mostly by independent generators in the wind and biomass sectors, which could account about 60% of the total market by 2017. Energy from biomass output is set to increase to 11,299 MWh, up by 246% in ten years from 2007 to 2017, while biogas output will increase by 49 MWh, a rise of 1,506%. The growth also will be driven by lower cost of technology and more projects coming online. EDF concludes by counseling companies to produce their own power and to learn from the experience of existing generators to develop the profits on their investments.

Power sharing plan could see UK and Netherlands 'go Dutch' with North Sea offshore wind

23/09/2020 08:08:00

Interconnecting infrastructure to be examined as nations seek to maximise green energy use


Daily (22.09.2020): Crude oil started the new week on a bearish mood amid virus resurgence in Europe and expectations for return of Libyan crude production

22/09/2020 09:44:00

Expectations that Libyan crude will soon return to the market coupled with worries over a rise in European COVID-19 cases and a global equity market selloff dampened the sentiment on the oil markets on Monday. Hence, Brent crude for November delivery shed by $1.71, or 4% to settle at $41.44 a barrel. Meanwhile, U.S. WTI crude fell by $1.80, or 4.4%, to end at $39.31 a barrel.


Iberdrola to create new business unit to develop green hydrogen

22/09/2020 09:12:00

Spanish utility Iberdrola said on Monday (21 September) it would create a new business unit aimed at developing green hydrogen to supply industry and heavy transport.