A shared interest in Scottish tidal power led to the completion of a groundbreaking renewable-energy deal yesterday. Industrial magnate Sanjeev Gupta – saviour of a threatened aluminium smelter in Lochaber – and Atlantis Resources chief executive Tim Cornelius celebrated a reverse takeover handing nearly 50% of Edinburgh-based Atlantis to Mr Gupta’s GFG Alliance. The pair were introduced to one another by First Minister Nicola Sturgeon last year. Their deal has also led to a name change for Atlantis, which is best known for the Meygen project in the Pentland Firth.
Energy Voice 16th June 2018 read more »
Solar could play a pivotal role in a future energy system without jeopardising security of supply, a new report has revealed. The report, produced by consultancy Vivid Economics in partnership with Imperial College academic Marko Aunedi, has analysed the role solar and onshore wind could play in the decarbonisation of UK power out to 2030. It found that wind and solar, the two cheapest forms of renewable generation on the market today, could provide more than 60% of total electricity by 2030 which, combined with existing nuclear and natural gas capacity, would be capable of meeting demand. While the UK needs to further decrease power sector carbon emissions – to a level of 100g CO2/kWh – critics have expressed concern over the variable nature of renewables and to what extent a more significant concentration of renewables could impact on the functioning of transmission and distribution grids. But Vivid’s 2030 model seeks to ease those fears, claiming that the UK could turn increasingly to wind and solar without jeopardising system reliability. The analysis used a future system comprising no generation from biomass and no new nuclear, gas or CCS facilities.
Solar Power Portal 14th June 2018 read more »