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1/3 Brits are eager

Irish forecast Q2 2022 All-Island Power Market Outlook

Irish forecast Q2 2022 All-Island Power Market Outlook: Cornwall Insight‘s newest All-Island Power Market Outlook to 2030 report gives a taster of the insights from its Q2 All-Island Forward Curve report. Changes to the SEM, GB and European Markets during the last quarter have been included into its models, containing delays in commissioning and new…
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19 km so far at ‘Scotland’s largest’ offshore wind farm

19 km so far at ‘Scotland’s largest’ offshore wind farm: The setting up of 19 kilometres of onshore cabling work for Scotland’s biggest offshore wind farm has ended. The Seagreen Wind Farm is presently under construction about 27 kilometres off the Angus Coastline and is a joint venture project between SSE Renewables and TotalEnergies. It…
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Finnish minister says, nuclear is required for net zero

Finnish minister says, nuclear is required for net zero Europe can’t become net zero without the help of nuclear.. That’s the message conveyed by Finnish Minister of Economic markets, Mika Lintilä at the Nordic Nuclear Forum in Helsinki. “Nuclear power plays a key role in clean energy production and Finland‘s aim to reach carbon-neutrality by…
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More battery storage use may push up electricity costs

More battery storage use may push up electricity costs: Data shared by Cornwall Insight Australia, examining battery storage operations from June 2021 to May 2022, has shown a link between the increase in the amount of electricity dispatched from batteries and higher electricity prices. For the past several months, batteries have been filling the electricity…
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Last agreement on £130M help for subsea cable manufacturing

Last agreement on £130M help for subsea cable manufacturing Financial support agreement reached on JDR cable systems for its £130 million subsea cable manufacturing facility in Cambois, Northumberland. The agreement means that the company will commence construction of the planned project in the near future, with a preperation for opening in 2024. The facility is…
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Edison Group releases renewables report

Edison Group releases renewables report: Edison report reveals geopolitical unrest to fuel renewables growth Based on the latest energy plans in the EU and UK, renewables could account for nearly 70% of their combined electricity production in 2030. Wind and solar markets could grow at CAGRs of 23% and 12% respectively over this decade. Primary…
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Governments have to stop ‘dragging their feet’ says UN

Governments have to stop ‘dragging their feet’ says UN: UN Secretary-General António Guterres has remarked that governments must stop “dragging their feet” concerning climate action and promises to restrain carbon emissions. At the time of the World Summit meeting in Vienna, he called countries that were seeking to invest in fossil fuels like coal and…
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Hydrogen price could drop to €5 per kg by 2025

Hydrogen price could drop to €5 per kg by 2025: As renewable projects increase in popularity, the price of green hydrogen could dip to €5 per kg in 2025. A study by Aurora Energy Research which estimates that as much as 300TWh of green hydrogen projects will be needed by 2050 to line up with…
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North sea oil and gas threatened by Windfall tax

North sea oil and gas threatened by Windfall tax The implementation of the new windfall tax creates uncertainty over future investment, Shell has stated. In its recent set of cost-of-living measures, the government included a windfall tax on energy firms that could possible increment around £5 billion. Energy companies will have to pay an extra…
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Windfall tax is not the single solution to energy crisis

Windfall tax is not the single solution to energy crisis: After the announcement from the Chancellor of the Exchequer that the UK government will be bringing in a temporary, targeted energy profits levy, Dan Atzori, Research Partner at Cornwall Insight stated: “The energy market is in a state of transition, with geopolitical concerns threatening to…
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