Wednesday 1st April 2015

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Richard Heap
April 1, 2015
This content is from our archive. Some formatting or links may be broken.
This content is from our archive. Some formatting or links may be broken.
Wednesday 1st April 2015

UK casts doubt on CfD round two

The UK government has said its second Contracts for Difference auction round is subject to change after this May's general election.

The government’s Low Carbon Contracts Company last week published a timetable for the second CfD auction round, which is due to start on 21 October. However, the document said this would run “at the discretion of the next Government” and was “subject to change to reflect [the Department of Energy & Climate Change’s] operational priorities post May 2015”.

The government has set a budget of £50m subsidies for onshore wind and solar in CfD round two, but has not committed funding to sectors such as offshore wind. In the first auction, CfDs were given to 27 projects including 15 onshore wind farms and two offshore.

France set to reveal Areva rescue plan

The French government is set to announce plans for the future of state-controlled nuclear firm Areva within the next fortnight.

Manufacturer Areva mainly operates in the nuclear sector, but also works in wind. Last month it reported losses of €4.8bn in 2014 due to writedowns on its nuclear projects, and the government has been looking at the potential for a tie-up with French utility EDF.

EDF operates all of France’s 58 nuclear reactors and is also active in wind. France owns over 80% of the shares in both Areva and EDF; and has said it is studying potential tie-ups between the two.

Global wind investment grows to $100bn

Global investment in the wind sector grew 11% year-on-year to just under $100bn in 2014, research has revealed.

The United Nations Environment Program, Frankfurt School and Bloomberg New Energy Finance have published the 2015 version of their ‘Global Trends in Renewable Energy Investment’ report. This said a record $99.5bn was invested in wind last year, which is 37% of the $270bn that was invested in all forms of renewables.

That figure was boosted by a series of large financing deals in European offshore wind, including the $3.8bn asset finance deal at the 600MW Gemini project. The only sector larger than wind was solar, with investment up 29% year-on-year to $149.6bn.

RES secures 200MW Nord/LB financing

Norddeutsche Landesbank has agreed to provide Renewable Energy Systems with financing for up to 200MW of UK wind farms.

The German bank is providing non-recourse debt to the developer for two wind farms totalling 25MW: the 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire. These are the first investments in a new portfolio facility agreed between the two firms to permit the financing of up to 200MW of UK wind projects.

Jack’s Lane and Woolley Hill are both set to complete this month.

E.On pulls out of 535MW Oregon scheme

E.On Climate & Renewables North America has withdrawn plans for the 535MW Brush Canyon wind farm in US state Oregon.

The German utility’s North American renewables arm withdrew its application for the 223-turbine project in February, which was planned near the cities of Antelope and Shaniko.

Local communities had raised concerns about the construction traffic that the 76,000-acre project would bring to the area. E.On has not said why it has withdrawn its application.

UK casts doubt on CfD round two

The UK government has said its second Contracts for Difference auction round is subject to change after this May's general election.

The government’s Low Carbon Contracts Company last week published a timetable for the second CfD auction round, which is due to start on 21 October. However, the document said this would run “at the discretion of the next Government” and was “subject to change to reflect [the Department of Energy & Climate Change’s] operational priorities post May 2015”.

The government has set a budget of £50m subsidies for onshore wind and solar in CfD round two, but has not committed funding to sectors such as offshore wind. In the first auction, CfDs were given to 27 projects including 15 onshore wind farms and two offshore.

France set to reveal Areva rescue plan

The French government is set to announce plans for the future of state-controlled nuclear firm Areva within the next fortnight.

Manufacturer Areva mainly operates in the nuclear sector, but also works in wind. Last month it reported losses of €4.8bn in 2014 due to writedowns on its nuclear projects, and the government has been looking at the potential for a tie-up with French utility EDF.

EDF operates all of France’s 58 nuclear reactors and is also active in wind. France owns over 80% of the shares in both Areva and EDF; and has said it is studying potential tie-ups between the two.

Global wind investment grows to $100bn

Global investment in the wind sector grew 11% year-on-year to just under $100bn in 2014, research has revealed.

The United Nations Environment Program, Frankfurt School and Bloomberg New Energy Finance have published the 2015 version of their ‘Global Trends in Renewable Energy Investment’ report. This said a record $99.5bn was invested in wind last year, which is 37% of the $270bn that was invested in all forms of renewables.

That figure was boosted by a series of large financing deals in European offshore wind, including the $3.8bn asset finance deal at the 600MW Gemini project. The only sector larger than wind was solar, with investment up 29% year-on-year to $149.6bn.

RES secures 200MW Nord/LB financing

Norddeutsche Landesbank has agreed to provide Renewable Energy Systems with financing for up to 200MW of UK wind farms.

The German bank is providing non-recourse debt to the developer for two wind farms totalling 25MW: the 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire. These are the first investments in a new portfolio facility agreed between the two firms to permit the financing of up to 200MW of UK wind projects.

Jack’s Lane and Woolley Hill are both set to complete this month.

E.On pulls out of 535MW Oregon scheme

E.On Climate & Renewables North America has withdrawn plans for the 535MW Brush Canyon wind farm in US state Oregon.

The German utility’s North American renewables arm withdrew its application for the 223-turbine project in February, which was planned near the cities of Antelope and Shaniko.

Local communities had raised concerns about the construction traffic that the 76,000-acre project would bring to the area. E.On has not said why it has withdrawn its application.

UK casts doubt on CfD round two

The UK government has said its second Contracts for Difference auction round is subject to change after this May's general election.

The government’s Low Carbon Contracts Company last week published a timetable for the second CfD auction round, which is due to start on 21 October. However, the document said this would run “at the discretion of the next Government” and was “subject to change to reflect [the Department of Energy & Climate Change’s] operational priorities post May 2015”.

The government has set a budget of £50m subsidies for onshore wind and solar in CfD round two, but has not committed funding to sectors such as offshore wind. In the first auction, CfDs were given to 27 projects including 15 onshore wind farms and two offshore.

France set to reveal Areva rescue plan

The French government is set to announce plans for the future of state-controlled nuclear firm Areva within the next fortnight.

Manufacturer Areva mainly operates in the nuclear sector, but also works in wind. Last month it reported losses of €4.8bn in 2014 due to writedowns on its nuclear projects, and the government has been looking at the potential for a tie-up with French utility EDF.

EDF operates all of France’s 58 nuclear reactors and is also active in wind. France owns over 80% of the shares in both Areva and EDF; and has said it is studying potential tie-ups between the two.

Global wind investment grows to $100bn

Global investment in the wind sector grew 11% year-on-year to just under $100bn in 2014, research has revealed.

The United Nations Environment Program, Frankfurt School and Bloomberg New Energy Finance have published the 2015 version of their ‘Global Trends in Renewable Energy Investment’ report. This said a record $99.5bn was invested in wind last year, which is 37% of the $270bn that was invested in all forms of renewables.

That figure was boosted by a series of large financing deals in European offshore wind, including the $3.8bn asset finance deal at the 600MW Gemini project. The only sector larger than wind was solar, with investment up 29% year-on-year to $149.6bn.

RES secures 200MW Nord/LB financing

Norddeutsche Landesbank has agreed to provide Renewable Energy Systems with financing for up to 200MW of UK wind farms.

The German bank is providing non-recourse debt to the developer for two wind farms totalling 25MW: the 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire. These are the first investments in a new portfolio facility agreed between the two firms to permit the financing of up to 200MW of UK wind projects.

Jack’s Lane and Woolley Hill are both set to complete this month.

E.On pulls out of 535MW Oregon scheme

E.On Climate & Renewables North America has withdrawn plans for the 535MW Brush Canyon wind farm in US state Oregon.

The German utility’s North American renewables arm withdrew its application for the 223-turbine project in February, which was planned near the cities of Antelope and Shaniko.

Local communities had raised concerns about the construction traffic that the 76,000-acre project would bring to the area. E.On has not said why it has withdrawn its application.

UK casts doubt on CfD round two

The UK government has said its second Contracts for Difference auction round is subject to change after this May's general election.

The government’s Low Carbon Contracts Company last week published a timetable for the second CfD auction round, which is due to start on 21 October. However, the document said this would run “at the discretion of the next Government” and was “subject to change to reflect [the Department of Energy & Climate Change’s] operational priorities post May 2015”.

The government has set a budget of £50m subsidies for onshore wind and solar in CfD round two, but has not committed funding to sectors such as offshore wind. In the first auction, CfDs were given to 27 projects including 15 onshore wind farms and two offshore.

France set to reveal Areva rescue plan

The French government is set to announce plans for the future of state-controlled nuclear firm Areva within the next fortnight.

Manufacturer Areva mainly operates in the nuclear sector, but also works in wind. Last month it reported losses of €4.8bn in 2014 due to writedowns on its nuclear projects, and the government has been looking at the potential for a tie-up with French utility EDF.

EDF operates all of France’s 58 nuclear reactors and is also active in wind. France owns over 80% of the shares in both Areva and EDF; and has said it is studying potential tie-ups between the two.

Global wind investment grows to $100bn

Global investment in the wind sector grew 11% year-on-year to just under $100bn in 2014, research has revealed.

The United Nations Environment Program, Frankfurt School and Bloomberg New Energy Finance have published the 2015 version of their ‘Global Trends in Renewable Energy Investment’ report. This said a record $99.5bn was invested in wind last year, which is 37% of the $270bn that was invested in all forms of renewables.

That figure was boosted by a series of large financing deals in European offshore wind, including the $3.8bn asset finance deal at the 600MW Gemini project. The only sector larger than wind was solar, with investment up 29% year-on-year to $149.6bn.

RES secures 200MW Nord/LB financing

Norddeutsche Landesbank has agreed to provide Renewable Energy Systems with financing for up to 200MW of UK wind farms.

The German bank is providing non-recourse debt to the developer for two wind farms totalling 25MW: the 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire. These are the first investments in a new portfolio facility agreed between the two firms to permit the financing of up to 200MW of UK wind projects.

Jack’s Lane and Woolley Hill are both set to complete this month.

E.On pulls out of 535MW Oregon scheme

E.On Climate & Renewables North America has withdrawn plans for the 535MW Brush Canyon wind farm in US state Oregon.

The German utility’s North American renewables arm withdrew its application for the 223-turbine project in February, which was planned near the cities of Antelope and Shaniko.

Local communities had raised concerns about the construction traffic that the 76,000-acre project would bring to the area. E.On has not said why it has withdrawn its application.

UK casts doubt on CfD round two

The UK government has said its second Contracts for Difference auction round is subject to change after this May's general election.

The government’s Low Carbon Contracts Company last week published a timetable for the second CfD auction round, which is due to start on 21 October. However, the document said this would run “at the discretion of the next Government” and was “subject to change to reflect [the Department of Energy & Climate Change’s] operational priorities post May 2015”.

The government has set a budget of £50m subsidies for onshore wind and solar in CfD round two, but has not committed funding to sectors such as offshore wind. In the first auction, CfDs were given to 27 projects including 15 onshore wind farms and two offshore.

France set to reveal Areva rescue plan

The French government is set to announce plans for the future of state-controlled nuclear firm Areva within the next fortnight.

Manufacturer Areva mainly operates in the nuclear sector, but also works in wind. Last month it reported losses of €4.8bn in 2014 due to writedowns on its nuclear projects, and the government has been looking at the potential for a tie-up with French utility EDF.

EDF operates all of France’s 58 nuclear reactors and is also active in wind. France owns over 80% of the shares in both Areva and EDF; and has said it is studying potential tie-ups between the two.

Global wind investment grows to $100bn

Global investment in the wind sector grew 11% year-on-year to just under $100bn in 2014, research has revealed.

The United Nations Environment Program, Frankfurt School and Bloomberg New Energy Finance have published the 2015 version of their ‘Global Trends in Renewable Energy Investment’ report. This said a record $99.5bn was invested in wind last year, which is 37% of the $270bn that was invested in all forms of renewables.

That figure was boosted by a series of large financing deals in European offshore wind, including the $3.8bn asset finance deal at the 600MW Gemini project. The only sector larger than wind was solar, with investment up 29% year-on-year to $149.6bn.

RES secures 200MW Nord/LB financing

Norddeutsche Landesbank has agreed to provide Renewable Energy Systems with financing for up to 200MW of UK wind farms.

The German bank is providing non-recourse debt to the developer for two wind farms totalling 25MW: the 15MW Jack’s Lane in Norfolk and 10MW Woolley Hill in Cambridgeshire. These are the first investments in a new portfolio facility agreed between the two firms to permit the financing of up to 200MW of UK wind projects.

Jack’s Lane and Woolley Hill are both set to complete this month.

E.On pulls out of 535MW Oregon scheme

E.On Climate & Renewables North America has withdrawn plans for the 535MW Brush Canyon wind farm in US state Oregon.

The German utility’s North American renewables arm withdrew its application for the 223-turbine project in February, which was planned near the cities of Antelope and Shaniko.

Local communities had raised concerns about the construction traffic that the 76,000-acre project would bring to the area. E.On has not said why it has withdrawn its application.

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Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.