The Government’s £500m of allocated funds for green innovation could propel the UK into being a world-leader in energy generation, if the money is spent in key areas such as wave and tidal energy, low-carbon heat and energy storage. That’s according to Scotland’s renewable energy forum, Scottish Renewables, which today (17 February) released a new report that identifies six key innovation areas for the Government. It comes after Chancellor George Osborne announced in his Autumn Statement that the Department of Energy & Climate Change’s innovation programme will be doubled to £500m over the next five years, in a bid to strengthen the future security of supply, reduce the costs of decarbonisation and boost industrial and research capabilities.
Edie 17th Feb 2016 read more »
Scottish Energy News 18th Feb 2016 read more »
Scotsman 18th Feb 2016 read more »
Opening up future contracts for difference (CfD) to a wider array of technologies and reforming the auction process to better reflect their true costs, could save consumers around £2bn, according to research commissioned by Drax. The report, by NERA Economic Consulting and Imperial College London, claims the whole system cost for offshore wind – including paying for back up generation via the capacity auction – is £127/MWh. By comparison, onshore wind costs £92-97/MWh, solar costs £96/MWh and biomass conversion costs £84/MWh. None of these established technologies will be able to take part in the next auction, although they may be included in future ones.
Edie 17th Feb 2016 read more »
Scottish Energy News 18th Feb 2016 read more »
Times 17th Feb 2016 read more »
Global new investment in green energy technologies hit $329 billion in 2015 say Bloomberg New Energy Finance. That’s a good thing right? Well, not necessarily. Knowledge is always partial, and despite impressive breadth of data gathering, some fundamentals remain unclear. That’s where Mariana Mazzucato and Gregor Semieniuk came in, organising a special workshop on Financing Innovation in Renewable Energy hosted by Bloomberg NEF which asked, who is doing what, where and when?
Sussex Energy Group 17th Feb 2016 read more »