First subsidy-free solar power farm in Britain to be launched

26/09/2017 13:50 Renewable

news

A solar power farm running without a government subsidy should open today in Great Britain, eastern England, due to more accessible renewable energy as costs are significantly decreasing.

Coal and nuclear plants planned to close in 2020s need to be replaced, therefore Britain has to invest in new energy capacity. However, another solution is to decrease subsidies on renewable electricity generation.

 

The cost of solar panels and batteries fell remarkably over the last years, and the first subsidy -free development at Clayhill is an important step for clean energy in the UK, as announced by the minister for Climate Change and Industry, Claire Perry. The electricity generation of the 10 megawatt (MW) solar farm, in Bedfordshire, Clayhill, is enough to power 2,500 homes. It also has a 6 MW battery storage facility.
For the sake of reducing increasing renewable subsidy costs, the government gave up on new subsidies for solar projects and onshore wind during the last years.

 

The decision of withdrawing subsidies does not necessarily signify the end of solar as a commercially feasible technology, as stated by Steve Shine, Clayhill project’s developer, clean tech firm Anesco.

 

Falling costs resulted in solar power capacity ascend in Britain to around 12 gigawatts (GW), from around 2 GW five years ago, and solar electricity hit a record in a sunny day in May this year, supplying around 25% of the country’s electricity.

 

Britain’s goal is to meet 15 percent of its energy needs from renewable sources by 2020, or an increase from 8 percent in 2015. 
The renewable subsidy auction for offshore wind hit a record low earlier this month in the UK, dropping below the cost of subsidies pledged to French utility EDF to build Hinkley’s Point C nuclear power plant.

Daily (19.07.2018): UK gas prices boosted by around 2% on Wednesday, due to strong demand and lower supplies

19/07/2018 13:41:00

Oil prices surged on Wednesday, as U.S. government data pointed out stronger demand for gasoline and distillates. Brent crude climbed 1% higher to end at $72.90 a barrel. Meanwhile, WTI crude also hiked by 1% to $68.76 a barrel, even though U.S. oil production hit a new record of 11 million barrels per day.

<READ MORE

EU and Ukraine in tug of war over Naftogaz unbundling

19/07/2018 09:46:00

The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing. Vice President Maroš Šefčovič, in charge of the EU’s Energy Union, is in talks in Berlin with Russian and Ukrainian counterparts to try to solve disputes over future Russian gas shipments via Ukraine.

READ MORE

Investment in new nuclear declines to five-year low

19/07/2018 09:39:00

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.

READ MORE