Renewable energy developers can now compete for £290m worth of contracts to support the growth of clean energy in Britain with the launch of a new Contracts for Difference auction. Contracts for Difference are won through a competitive process which drives down energy costs for consumers and guarantees companies a certain price for the low-carbon electricity they produce over 15 years. This gives them the support and certainty they need to attract investment and get projects off the ground. The contracts made available in this auction represent the first part of the Government’s commitment to provide up to £730m of annual support for renewable electricity projects over the course of this parliament. They support a key pillar of the Industrial Strategy by ensuring a cleaner, more flexible energy supply.
Scottish Energy News 4th April 2017 read more »
A surge in the use of wind and solar energy helped Europe to cut its fossil fuel consumption and greenhouse gas emissions by about 10% in 2015, an authoritative new report has found. Energy use from renewables rose to 16.7% of Europe’s total, up from 15% in 2013, and accounted for 77% of the continent’s new power capacity. But the clean energy burst is still not moving fast enough to prevent a “lock-in” of already-commissioned fossil fuel capacity, which will otherwise transform into stranded assets. It was also unevenly spread across Europe, with renewables expanding to take up 30% of the power load in many Scandinavian countries, but only 5% in Malta. The EEA’s report suggests that the EU is broadly on track to achieve its goals of 20% emissions cuts and 20% renewable energy share by 2020. But a more challenging target for 2050 – of reducing emissions by at least 80% – will require acceleration after 2030, when tough decisions about phasing out internal combustion engines and oil supplies will have to be taken.
Guardian 3rd April 2017 read more »