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.

 

Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year

14/08/2017 09:40:00

Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.

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OPEC fails to reduce oil production, registers highest output of the year

11/08/2017 14:38:00

OPEC oil output for July skyrocketed by 173,000 barrels a day to almost 32.9 million barrels, which once again proves that major oil producers can’t keep up with their plan to pump less oil.

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Nova Innovation receives funds for tidal energy in North Wales

11/08/2017 11:36:00

UK tidal energy generator Nova Innovation has been awarded £265,000 for the development of a tidal project at Bardsey Sound in north Wales.

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