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Saturday 24 March 2018
24 March 2018 - NEWS UPDATE
Renewable Energy

Offshore wind could save £89bn of UK energy bill

Offshore wind has tremendous potential to replace ageing power plant, save up to £89bn of the UK's energy bill and take a large share of a global £1,000bn market by 2050. As well as reducing reliance on imported gas and meeting greenhouse gas emissions and renewable energy targets, offshore wind could offer business opportunities of up to £35bn to UK companies.

Renewable Energy

Cameron and Clegg urged for clarity on renewables policy

More than 200 industry leaders have written to David Cameron and Nick Clegg urging clarity on renewables growth and insisting the Treasury actively supports legally-binding renewable energy targets. The letter follows growing concerns about the slow pace and complexity of DECC's policy framework and a series of interventions by the Treasury, creating confusion about Government objectives and leaving key renewable power technologies without the clarity they need.

Renewable Energy

Bath University part of £5m solar energy research project

The University of Bath is part of a £5 million collaborative project to promote the latest research into harnessing the sun's energy to produce electricity. The SUPERSOLAR hub brings together expertise from universities across the UK and the solar panel industry to share knowledge, establish a research network and train the next generation of scientists in the field.

Renewable Energy

New solar farm planned for Bodmin

Solar Energy company Solar Securities is planning to build a new five megawatt (MW) solar farm on the edge of Bodmin that could meet the electricity needs of 1,000 homes. The scheme, at Middle Bodiniel Farm, would be next to the company's existing 5MW solar farm at Lower Bodiniel Farm which started producing electricity in June 2012.

Renewable Energy

Renewables subsidy huge opportunity for South West

New subsidies for renewable energy technologies present a huge opportunity for the South West, according to the renewables team at legal firm Stephens Scown LLP. This is despite new bandings for renewables technologies under the Renewables Obligation – the Government's main mechanism for supporting large scale renewables projects.

Renewable Energy

Industry claims solar power will remain a good investment

New calculations show that investing in solar will continue to be attractive for domestic properties despite the reductions in the Feed in Tariff (FiT) introduced in August 2012 when the FIT for domestic systems reduced to 16p and the FIT lifetime lowered to 20 years. However, the price paid for power exported back onto the grid increased to 4.5p, better reflecting the true market value of locally generated power.

Renewable Energy

Geothermal decision disappoints Eden's Sir Tim

Eden Project chief executive Sir Tim Smit said he was 'disappointed' over the Coalition Government's lack of support for geothermal energy demonstrated by DECC's decision to freeze subsidies to develop new sources of clean energy from deep underground in Cornwall.