EIB grants Welsh Water £250 million for green energy

10/07/2017 13:03 Renewable

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Welsh Water obtained a £250 million loan from the European Investment Bank for renewable energy. The loan is expected to help raise the percentage of power generated from green sources such as wind, sun, water and anaerobic digestion (AD) from 20% to 30% by next year.

Welsh Water’s main project is the conversion of Five Fords sewage system into an energy park, consolidating it with hydro and solar power and implementing UK’s first project to add biomethane gas into the national gas distribution network.


An additional AD plant is developed which will generate energy using the water treated on-site and deliver it to around 3,000 households.
 

The company's Commercial Director mentioned that the company's main objective is the provision of best affordable services, but to deliver this they must find the proper funding for their investment programmes, drive down their costs, and make the company more efficient.

 

Daily (16.07.2018): NBP spot gas price rose by 2.6% on Friday, due to an undersupplied system

16/07/2018 11:34:00

Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.

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GB offshore 'could hit 43GW'

16/07/2018 09:32:00

Offshore wind capacity in the UK could hit 43GW by 2050, up from 6GW last year, according to a new report from the National Grid.

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Russia ready to invest $50 billion in Iran’s oil & gas projects

16/07/2018 09:20:00

Ali Akbar Velayati, Ayatollah Ali Khamenei’s top diplomat, said after the meeting with President Vladimir Putin, that Russian President has announced his country’s readiness to make $50 billion of investment in Iran’s oil and gas projects.

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