Search results for: offshore wind auction

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A list of search results

30 June 2014 Authorities, Business & Finance

The final element of the Government’s energy security strategy was confirmed today. Edward Davey, Secretary of State for Energy and Climate Change, announced the amount of electricity generation capacity the Government will procure when it re-introduces a capacity market into the UK later this year. Following detailed recommendations from National Grid, the Government will procure […]

27 June 2014 Authorities, Business & Finance

Reacting to the publication of the National Audit Office report “Early Contacts for Renewable Electricity”, RenewableUK’s Deputy Chief Executive Maf Smith said: “The NAO acknowledges that the awarding of Contracts for Difference under the FID-ER scheme created more certainty. Increased certainty brings costs down and helps establish an offshore wind supply chain in the UK. […]

24 June 2014 Authorities, Business & Finance

Ignacio Galán, chairman of IBERDROLA and ScottishPower, today told the UK Energy and Climate Change Secretary Ed Davey in London that the company’s ambitious investment programme in the UK will help ensure security of energy supply and was optimistic on bringing its major offshore wind programme to fruition. Secretary of State Davey was visiting IBERDROLA’s […]

13 May 2014 Authorities, Business & Finance

The UK Department of Energy and Climate Change (DECC) has unveiled proposals to maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers. Since 2010 the UK’s renewable electricity capacity has doubled; in the same period, over £34 billion of private sector investment has been announced, […]

22 January 2014 Authorities, Business & Finance, Environment

A reduction in greenhouse gas (GHG) emissions by 40% below the 1990 level, an EU-wide binding target for renewable energy of at least 27%, renewed ambitions for energy efficiency policies, a new governance system and a set of new indicators to ensure a competitive and secure energy system. These are the pillars of the new […]

28 August 2013

The tradeoff between rising energy costs and the low carbon agenda continues to see policy makers retreating from traditional renewable energy support mechanisms; forcing the industry to look for innovative financing solutions. At the same time, energy mix optimization has come to the fore, particularly in emerging markets, with governments increasingly seeing the need to […]

17 July 2013 Authorities, Business & Finance

Investors will receive further certainty today of how the government will support investment in new energy infrastructure through the Energy Bill, in order to keep the lights on and bills and emissions down. The draft Electricity Market Reform Delivery Plan, published today for consultation, provides detail on the support mechanism (long-term Contracts for Difference) and […]

2 July 2013 Grid Connection

“We need an EU internal market that enables the generation and transmission of renewable electricity to consumers across the continent”, say the Friends of the Supergrid (FOSG).Without a functioning internal electricity market, and new market structures, the objective of decarbonising the European energy sector and its economy while at the same time reaching clean energy […]

26 June 2013 Authorities

Governor Martin O’Malley yesterday released the following statement on President Obama’s climate action plan: “Climate change is real. We in Maryland applaud the vision that President Obama offered to the American people today. By targeting the number one source of greenhouse gas emissions, President Obama is moving the United States in the right direction toward […]

6 June 2013 Business & Finance, Grid Connection

The costs of restructuring Germany's energy system are too high. With the present energy transition concept, it will not be possible to achieve security of supply while also ensuring sustainability and affordability. The current approach also establishes false incentives for investment and innovation. According to Siemens' calculations, Germany could save more than €150 billion by […]

5 June 2013 Authorities

The U.S. Department of the Interior and the Bureau of Ocean Energy Management Bureau (BOEM) have announced the first-ever competitive lease sale for renewable energy on the U.S. Outer Continental Shelf (OCS). The auction, scheduled to take place on July 31, will offer 164,750 acres offshore Rhode Island and Massachusetts for commercial wind energy leasing. […]

27 February 2013

The Obama Administration’s renewable energy program has authorized dozens of renewable energy projects on public lands and will hold the first-ever auctions for commercial wind development in the Atlantic this year, Secretary of the Interior Ken Salazar told offshore wind stakeholders at a conference in Boston. Salazar noted that the rapid progress – as well […]

3 January 2013 Authorities

The extension of the tax credits for wind energy development, for which the United States Congress voted on Tuesday, is not going to be a significant help for long term offshore wind projects in New Jersey, as the incentive expires at the end of 2013 and the construction there is expected to begin long after […]

30 November 2012

The key measure of the UK’s new Energy Bill will be to introduce a government-owned entity that will buy electricity at an agreed “strike price” from low carbon generators and recover the costs from electricity customers via electricity suppliers. The government-owned entity will buy the electricity under a contracts-for-difference mechanism feed-in-tariff (CfD FiT) that will […]

29 November 2012

Essential legislation to power low-carbon economic growth, to protect consumers, and to keep the lights on was introduced to Parliament by Edward Davey today. Following extensive consultation and pre-legislative scrutiny, the Bill sets out radical reforms to the design of the electricity market that will kick-start a renaissance in construction of low-carbon energy infrastructure and […]

23 November 2012 Authorities

The Government has reached a landmark agreement on energy policy that will deliver a clear, durable signal to investors, Edward Davey announced today. The Energy and Climate Change Secretary said: “This is a durable agreement across the Coalition against which companies can invest and support jobs and our economic recovery. “The decisions we’ve reached are […]

2 November 2012 Business & Finance

Carnegie Wave Energy Limited Chairman, Grant J Mooney, releases the following statement for the shareholders: Since we last met in 2011, Carnegie has continued to progress towards development of the Perth Wave Energy Project off Garden Island, here in Western Australia. In an era when global financial markets are reluctant to support investments in emerging […]

25 July 2012 Authorities

The European Commission has today taken action to shore-up the EU’s Emission Trading System (ETS) by proposing to delay the auctioning of carbon allowances. Delaying allowances is needed to prevent further falls in the carbon price. The move must now be agreed by Member States and the European Parliament.  “The European Commission has finally taken […]

11 July 2012

The now massive oversupply of CO2 emission allowances on the market must be addressed to avoid a collapse of the Emission Trading System (ETS) that was put in place to reduce CO2 emissions. The European Wind Energy Association (EWEA) proposes the following two-step approach:  • Firstly: delay 2.6 billion emission allowances due to be auctioned from 2013. • […]

22 March 2011 Business & Finance

Vattenfall Energy Trading has started trading UK power contracts on the N2EX exchange. The company commenced trading at the day-ahead auction and is extending its activities to all other exchange based products. “Vattenfall has high ambitions and several ongoing projects to grow electricity generation from wind energy in Northern Europe, and especially in the United […]