How big oil is grabbing offshore renewable resources for itself. There’s been a story circulating recently about how Orsted’s plans for a big offshore wind park are clashing with BP’s plans to test under-sea storage of carbon dioxide. Big oil looks like it might take precedence over offshore wind. But in reality, things are even worse than this. Big oil are grabbing the best undersea storage resources for disposal of carbon dioxide and depriving renewable energy of potentially vital hydrogen storage options. And the Government is letting Big oil and gas have these resources rather than reserve them for energy storage without even a discussion. That is despite the fact that a system running mostly on renewable energy – which we are heading towards whether Big oil or Big nuclear like it or not – runs better with more storage options for renewable energy. Renewable energy can, of course, be stored as hydrogen produced by using the renewable energy to electrolyse water.
100% Renewables 28th June 2021 read more »
The UK’s Climate Change Committee (CCC) has called for a “long-term ambition” for solar and other renewables. It released two progress reports last week (24 June), detailing how well the nation was adapting to climate change and what advancements it had made in cutting emissions. Within this latter publication it recommended renewables grow to meet 70% of the UK’s electrical demand by 2035, a significant jump from the 29% they accounted for in 2020. This growth could be aided by the Contracts for Difference (CfD) scheme, but “clarity is needed on the auction schedule and pathway of volumes to be procured to 2030,” the report states, echoing a recent call from trade association Solar Energy UK. Solar was reintroduced into the CfD scheme as a Pot One technology last year following a six-year hiatus and is set participate in the country’s next auction, which is expected to contract for up to 12GW of new capacity.
PV Tech 28th June 2021 read more »