Britain Wales Holiday Sea Uk Beach Seaside View
in BUSINESS, NEWS

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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tribeutilities

30 May 2017
The world’s biggest wind turbines will help UK power 230,000 homes
in BUSINESS, COMPANY, NEWS

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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Emma Lester-Devitt

22 May 2017
LEGO reaches 100% renewable energy target three years ahead of schedule
in BUSINESS, COMPANY, NEWS

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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Emma Lester-Devitt

22 May 2017
EDF to buy majority stake in onshore wind developer
in BUSINESS, COMPANY, NEWS

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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tribeutilities

15 May 2017
Oil rises to $52 as Saudi, Russia back longer supply cut
in BUSINESS, COMPANY, NEWS

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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tribeutilities

15 May 2017
OLYMPUS DIGITAL CAMERA
in NEWS

Germany breaks renewables record with coal and nuclear power responsible for only 15% of country’s total energy

Electricity prices fell to negative figures for several hours on Sunday, as renewable sources fed so much power into the grid that supply exceeded demand. Germany has broken a new record for renewable energy, with low-carbon sources nearly obliterating coal and nuclear power last weekend. At one point on the sunny and breezy Sunday, sustainable energy from wind, solar, biomass and hydro power provided a...

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tribeutilities

08 May 2017
Oil hits five-month low amid warnings of commodities rout
in NEWS

Oil hits five-month low amid warnings of commodities rout

Crude hit by booming US output and Opec’s unwillingness to cut, while metals are under pressure from slowing Chinese demand Oil prices have fallen sharply along with other commodities as the prospect of slowing growth in the US and China blunts optimism about the global economy. Stocks fell across the Asia Pacific region for the third day running thanks to a 5% drop in the...

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tribeutilities

05 May 2017
Labor to drop renewable energy target in favour of emissions scheme
in NEWS

Labor to drop renewable energy target in favour of emissions scheme

RET will come to a natural end as emissions intensity scheme can reach goal of 50% renewable energy by 2030, says Andrew Leigh Labor will abandon the renewable energy target after 2020 because an emissions intensity scheme will be sufficient to reach the goal of 50% renewable energy by 2030, Andrew Leigh has said. On Sky News on Sunday the shadow assistant treasurer firmed the...

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tribeutilities

03 Apr 2017
UK’s first green ISA hits the market
in NEWS

UK’s first green ISA hits the market

The UK’s first green energy ISA has officially been launched. Abundance Investment’s Innovative Finance ISA (IFISA) will allow ordinary people to invest their money directly in renewable energy projects across the country. This first project offered as part of the ISA is a 5MW solar farm in Swindon, owned by Swindon Borough Council. It will cost £5.4 million, with £3 million coming from the council and the remaining £2.4million from Abundance investors. It is planned...

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tribeutilities

08 Nov 2016
UK-Colombia announce £20m bioeconomy research
in NEWS

UK-Colombia announce £20m bioeconomy research

A new £20 million bioeconomy research programme between the UK and Colombia has been announced. The agreement was signed by Nick Hurd, Minister for Industry and Climate Change and Yaneth Giha, Director of Colciencias, a Colombian national research agency. The programme will help tackle pollution and deforestation and develop new drugs, medicines and bio-fertilisers that can sustainably increase crop yields in Colombia, the world’s second most biodiverse nation. Colombia is...

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tribeutilities

08 Nov 2016
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