UK government earmarks GBP1.5 billion for contracts for difference pot
The UK government has increased the budget for its sixth Contracts for Difference (CfD) auction by half. Extra allocation includes millions of pounds for technologies such as solar and onshore wind, but offshore wind enjoys the lion’s share of the budget.
Statkraft signs PPA for 80 MW solar plant, with storage in pipeline
Deal sees Statkraft portfolio of solar power purchase agreements (PPAs) rise to 1,425 MW in Great Britain. The company also has multiple gigawatts of contracted flexible capacity on the British grid.
Statkraft signs ‘first-of-a-kind’ PPA with UK developer Luminous Energy
Generator enters agreement on solar plant which is also subject to a virtual corporate PPA and a fixed-price contract secured through the UK government’s Contracts for Difference auction mechanism.
European Parliament adopts EU electricity market reforms
The European Parliament has adopted electricity market reforms aimed at making the European Union’s electricity market more stable, affordable, and sustainable. The reforms include a focus on two-way contracts for difference (CfD), a mechanism to declare electricity price crises, and protections for consumers against volatile prices.
EU approves €3 billion for solar, onshore wind in Romania
The European Commission has approved €3 billion ($3.9 billion) for solar and onshore wind projects in Romania, with two-way contracts-for-difference through competitive bidding procedures.
Navigating Romania’s PV boom
A latecomer to the European PV party, Romania’s embrace of clean energy means it is perfectly placed to ride the wave of urgently ramped grid investment being rolled out by the European Union.
Co-location, co-location, co-location
Charles Lesser, who leads UK operations at Apricum, and Apricum Project Manager Alexandra Popova explain why the renewables consultancy is predicting a big rise in solar-plus-storage projects in Great Britain.
Weekend Read: Race to the top
A flurry of clean energy announcements in the European Union this year bodes well for the expansion of renewables but there will be a race against time to get key legislation adopted before next summer’s European elections.
Weekend Read: Dawn of the store-age
Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise but the industry demonstrated an ability to swiftly react to geopolitical developments. We look at five trends driving the market.
Solar could have reduced UK gas reliance, says Carbon Brief
Carbon Brief has estimated that the United Kingdom would have needed to import 20 TWh less natural gas this year if successive Conservative governments had not wound down the rewards for generating solar electricity.
