EGP Joins Ocean Energy Europe Board of Directors
the entire EU. “Enel Green Power are one of the most experienced renewable energy developers in the world, and we are very pleased to see them taking a leading role in the industry. Their involvement adds to the growing credibility of the ocean energy industry as the next key player in the electricity market, and puts Italy firmly on the ocean energy map,” said Rémi Gruet, CEO Ocean Energy Europe. Enel Green Power is a major global operator in the field of energy generation from renewable sources, with an annual production of 32 Twh, mainly from water, the sun, wind and the Earth&rsquo
Subsea Cable to Link Netherlands and Denmark
is supporting the COBRA project with a EUR 86.5 million subsidy under the European Energy Program for Recovery (EEPR) 1. The subsidy was granted to the COBRA cable because this project can be integrated into a future offshore electricity grid in the North Sea, will promote competition in the electricity market, and will contribute to the integration of large volumes of wind energy in the grid. The COBRA cable is not the first subsea electricity connection constructed by TenneT. In 2008 the TSO completed the NorNed cable between the Netherlands and Norway, the world’s longest
Renewable Energy: Wind, Sun Could Dominate by 2030
of a HVDC grid with the interstate highway system which transformed the U.S. economy in the 1950s. “With an ‘interstate for electrons’, renewable energy could be delivered anywhere in the country while emissions plummet,” he said. “An HVDC grid would create a national electricity market in which all types of generation, including low-carbon sources, compete on a cost basis. The surprise was how dominant wind and solar could be.” The new model is drawing interest from other experts in the field. "This study pushes the envelope,” said Stanford University&rsquo
Forewind Scales Back World's Largest Offshore Wind Project Plans
is expected that each of the four companies involved will take on an operator role on one of the sites. However, a spokeswoman for Statkraft said the projects were only likely to go ahead if the companies could secure government backing. As part of extensive reforms of Britain's electricity market, the government has been changing the way it supports renewable energy by replacing direct subsidies with a contracts-for-difference (CfD) system. Under the scheme, qualifying projects are guaranteed a minimum price at which they can sell electricity and renewable power generators
Dutch, Danish Grids to Build Subsea Power Cable
have transmission capacity of about 700 megawatts (MW) - as much as a small nuclear power plant. The European Commission is supporting the project with a 86.5 million euro subsidy as it can be integrated into a future offshore electricity grid in the North Sea, will promote competition in the electricity market, and will contribute to the integration of large volumes of wind energy in the electricity grid. The cable - which will run from Dutch Eemshaven to Endrup - will also boost security of supply in both countries. TenneT and Energinet.dk will put the project out to tender and expect to award
Scotland Site for World's Biggest Tidal Array
which are due to be brought off-line by 2020. The Meygen project forms part of the £100 billion of private sector investment the UK Government aims to attract in new cleaner electricity infrastructure between now and 2020. The Government has introduced a number of reforms to the UK electricity market to attract this investment, necessary to keep the lights on and emissions down, whilst saving consumers money on their energy bills. £100 billion of investment is expected to create a total of 250,000 jobs in the low-carbon electricity sector by 2020.
Offshore Wind Spend $20 Billion Per Year
power plants (gas and coal) and even onshore wind. Due to high cost levels, offshore wind requires financial support, often referred to as subsidies. As a consequence, any uncertainty in this area can cause a slowdown in activity, as is being experienced in the U.K. market due to the ongoing Electricity Market Reform (EMR) process being undertaken by the current government. Evidence of cost reduction is limited, although an analysis of upcoming projects indicates that Capex rates may be starting to plateau. Opex rates are more difficult to assess as sustained operational experience is limited and
Energy Companies Propose Rebuild of European Energy Policy
energy technologies (taken into account, notably, the forecasts of learning curve) into the regular market process and with a view to enhancing competition; - To adjust, for new installations, public support for renewable electricity production in view of reflecting the electricity market needs; and - To strengthen R&D policies and funding (Horizon 2020), and support the least mature renewable electricity technologies by enhanced R&D efforts rather than by production subsidies. 2. Guarantee a reliable electricity and gas supply Europea
February 2024
