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Wind Prices Continue To Drop

ntersting article on Wind contract pricing and the implications for the UK energy markets.   For years the complaint against offshore wind was prohibitive cost. The new worry is that it is suddenly becoming too cheap. The world’s biggest wind companies are driving down power contracts so fast in their cut-throat battle for market share…

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Get the UK Fracking now!

Boat comes in Today the first boat load of LNG arrives in Scotland on route to Ineos for the manufacturing of various petrocmeichals. Igenos will take delivery of a tanker full of ethane at its Grangemouth plant in Scotland, marking the first fruit of a $2bn investment. The imports are due to replace dwindling supplies…

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Domestic RHI hit 50,000 home milestone

Over 50,000 UK households have now installed biomass boilers, solar thermal systems or heat pumps under the government’s domestic Renewable Heat Incentive (RHI) scheme. It means these households are now generating up to 827,000MwH of heat, equivalent to 16.54MwH per household, and providing estimated carbon savings of 3.4 million tonnes of CO2 over the scheme’s…

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Solar subsidy cuts slash 12,000 jobs

A third of solar jobs have likely been lost in the UK, found the report by PwC for the Solar Trade Association (STA), based on a survey of 238 companies, around 10% of the industry. More than 12,000 solar power jobs have been lost in the past year because of government subsidy cuts, according to the…

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Hinkley Point C – What’s the deal?

Sign today The much-delayed construction of two reactors at Hinkley Point in Somerset is expected to be given the go-ahead by the board of the French energy giant at a meeting in Paris on This afternoon afternoon, despite the opposition of unions. The decision will pave the way for Greg Clark, the new business and energy…

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Are Drax barking mad?

A report in the Telegraph today reports that Drax is optimistic that tight UK power supplies this winter will raise electricity prices, after low prices led to a slump in profits in the first half of the year. Britain’s biggest power plant, which is in the process of converting from burning coal to biomass wood…

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Tesla wants to purchase Solar City

Out of the blue, Tesla has announced that it offered to acquire SolarCity for up to $2.8 billion in an attempt to create a one-stop shop for cleaner energy. Tesla said it offered $26.50 to $28.50 per share for SolarCity. The price is 25% to 35% premium to the solar company’s Tuesday close. If the deal…

Wood Fuel Magazine 2016