RWE freezes 2.5GW UK gas and energy storage project

German utility RWE freezes the development of a 2.5GW gas plant and energy storage project in the UK.

The company said the decision for the Tilbury Energy Centre “has not been taken lightly” and was made “based on current market conditions and project costs”.

It had planned to develop a combined cycle gas turbine (CCGT) power station, a 100MW of energy storage facility and a 300MW peaking gas plant designed to run during times of high demand.

The project was expected to create 1,500 jobs during construction and 100 during operation.

RWE said in a statement: “The decision to freeze Tilbury Energy Centre has not been taken lightly, it will be a disappointment for those who have been working so hard to get us to the stage we have reached. We would like to sincerely thank the local authorities and community for their support during the past year.

“As always, RWE will constantly explore options for how best to develop out site in Tilbury, which remains a good location for future energy options.”

Japanese firm Toshiba today confirmed it is withdrawing from plans to build a nuclear power station in Cumbria.

The post RWE freezes 2.5GW UK gas and energy storage project appeared first on Energy Live News – Energy Made Easy.

, , , , , , , , ,
Previous Post
New voluntary demand side response code of conduct
Next Post
Diwali firecrackers see Indian air pollution soar

Related Posts

Daily Energy Market Report Monday 13th August 2018

Daily Energy Market Report Monday 13th August 2018   UK gas prices climbed on Monday across the curve as a number of fundamentals weighed in on the market. The UK opened up with a relatively balanced system on Monday morning with 2mcm long, since shortening to zero. The forecast demand for today remains above seasonal…
Read More