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New UK focused solar developer Climate ER has secured funding for £250 million worth of utility scale projects. It is targeting a pipeline within the next two years of 500MW, thanks to the backing from a solar investor "of global repute" the company said. Following this point, the company has access to further funding tranches to help grow further. Early funds are already being deployed to commence the immediate development of 80MW of grid secured projects, and more are expected to follow in Q4 of 2020. "Our team has worked diligently over the past 18 months to forge strong relationships with...

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Japanese engineers are hoping to build wind turbines that can withstand the world’s worst typhoons, generating power even in the midst of a natural disaster. Mariel Robedizo Engranes was 15 when Typhoon Haiyan hit. She was living in her hometown of Dolores, Eastern Samar, in eastern Philippines. The country regularly experiences typhoons but Typhoon Haiyan, known in the Philippines as Yolanda, was extraordinary. It arrived on 8 November 2013, and it was one of the most powerful tropical cyclones ever recorded. “Before 6am, I heard my mum shouting and screaming,” Engranes remembers of the morning that Yolanda struck. “I noticed...

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Europe, netzero, offshorewind, Solar, UK -

The UK will need to install 6520 offshore wind turbines if it is to meet its net zero target, according to a new whitepaper from engineering outfit Atkins. “Race to Net Zero” calculates the energy technology build rate required to meet the Committee for Climate Change’s UK net zero 2050 target. It found that in addition to the 6520 offshore wind turbines, the UK power sector needs to build 48 natural gas units, 66 biomass facilities and six nuclear power stations in the next 30 years. The UK also requires 20GW of onshore wind, 80GW of solar, and 15-30GW of...

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foresight, Solar, UK -

Despite challenges created by the COVID-19 pandemic, Foresight Solar Fund has seen its UK portfolio perform 15.9% above base case. According to the company’s interim results, the six months ending 30 June was therefore its best performance since its IPO. During this period, Foresight’s portfolio generated a total of 502,579 MWh. Its NAV decreased to £582.1 million, a drop of £45.9 million from its 31 December 2019 results. This is equivalent to 96p per share, falling from 103.8p per share six months ago, due to the reduction in power price forecasts. This is based on forecasts obtained from independent third-party...

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Europe, offshorewind, Solar, UK -

UK renewables generation was up 32% year-on-year as biomass, wind and solar set new generation records in the second quarter of 2020, the latest Drax report shows. At one point renewable electricity sources were providing almost 70% (69.5%) of Britain’s electricity, the Drax Electrical Insights report found.  During this period, wind and solar power provided a lot of the electricity required by the grid, which helped the carbon intensity fall to 153 g/kWh averaged over the quarter – its lowest on record. The carbon intensity of electricity fell to an all-time low of 21g/KWh on the Spring Bank Holiday, analysis...

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