UK: The world’s hugest offshore wind farm to be built by Dong Energy

12/09/2017 15:34 Wind

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The UK contract to build 1.4 gigawatts (GW) capacity at its Hornsea 2 wind power project, likely to be the world’s hugest offshore wind farm, has been awarded to DONG Energy.

According to the Danish wind firm, the guaranteed price to deliver power, established under the Contracts of Difference (CfD) scheme, is 57.50 pounds/MWh, or 50 % lower than the allocations at auction two years ago.

 

The replacement of direct subsidies for renewable power with a contracts-for-difference (CfD) system was part of the reforms to Britain’s electricity market.


According to the scheme, a minimum price is guaranteed for the eligible projects, at which these can sell electricity, and renewable electricity producers bid for CfD contracts in a round of auctions.

 

The Hornsea Project Two will have enough power to supply 1.3 million homes with electricity.

Serbia: Gas imports via Turkish Stream can start in 2019

12/10/2017 15:31:00

Turkey's president Recep Tayyip Erdogan said that starting with 2019, Serbia could get natural gas via Turkish Stream gas pipeline.

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Italy: ERG expands in France

12/10/2017 13:34:00

ERG Eolienne France inked a deal to purchase a 75% interest in two French wind farms with a total capacity of 16.25MW from the local firm Vent d'Est for €12.9 million.

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French BNP Paribas promises to cease funding shale oil and gas

12/10/2017 11:56:00

The BNP Paribas Group stated its intention to end cooperation with business entities which operate in shale gas or tar sands fields.

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