BUSINESS


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30

May 2017

Solar energy provided a quarter of UK demand for first time

On Friday 26 May, solar energy generated a record 24.3 per cent of the UK’s power demand, according to data from the National Grid. National Grid announced that the nation’s thousands of solar photovoltaic (PV) panels generated a record 8.7 gigawatts (GW) – 24.3 per cent – of demand at 1pm on Friday. The previous record was set earlier this month, when 8.48 GW was...

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The world’s biggest wind turbines will help UK power 230,000 homes

22

May 2017

The world’s biggest wind turbines will help UK power 230,000 homes

One rotation of each turbine produces enough electricity to power a home for 29 hours A UK wind farm using the world’s most powerful offshore wind turbines to generate power will generate power for 230,000 homes. Dong Energy’s Burbo Bank Extension wind farm, off Liverpool Bay, is the first time the huge MHI Vestas turbines have been deployed commercially. Each 8mw (megawatt) turbine is 195...

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LEGO reaches 100% renewable energy target three years ahead of schedule

22

May 2017

LEGO reaches 100% renewable energy target three years ahead of schedule

Children’s toy company builds wind turbine made entirely of LEGO bricks to celebrate The LEGO group now says it is running entirely on renewable energy after reaching its 100 per cent target three years ahead of schedule. The company achieved its ambitious goal due to the completion of a 258 megawatt offshore wind farm in the Irish Sea, building a giant wind turbine made entirely of LEGO...

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EDF to buy majority stake in onshore wind developer

15

May 2017

EDF to buy majority stake in onshore wind developer

EDF’s renewable arm has confirmed plans to buy a majority stake in an onshore wind power developer. EDF Energies Nouvelles said it has reached a full and final agreement with the shareholders of FUTUREN to buy a 67.2% interest in the company. FUTUREN has operations in France, Germany, Italy and Morocco and currently operates around 745MW of assets in those countries. Antoine Cahuzac, EDF Group’s...

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Oil rises to $52 as Saudi, Russia back longer supply cut

15

May 2017

Oil rises to $52 as Saudi, Russia back longer supply cut

Oil rose more than 2 percent on Monday to $52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards keeping an OPEC-led deal to support prices in place longer than originally agreed. Energy ministers from the two countries said on Monday that supply cuts should be extended for nine months, until March 2018. That...

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