Friday, 22 July 2011

  • ScottishPower profits slump as UK demand for energy plummets

    PROFITS slumped at ScottishPower in the first half of the year as falling demand due to a depressed UK economy and higher wholesale energy prices took their toll.

    Figures released by Spanish parent Iberdrola yesterday showed earnings before interest, tax and other items at the Glasgow-based utility fell by 21 per cent to €595 million (£524m) from €757m in the first half of 2010.

    http://business.scotsman.com/business/ScottishPower-profits-slump-as-UK.6805439.jp

    Posted via email from Energy-Broker.co.uk

  • Pic: UK's largest solar roof installation goes live

    England isn't known for its sunny climate, but nevertheless it is possible to generate energy from the sun's power. The UK's largest solar rooftop array will go live today on a warehouse in Suffolk in South East England. The 7000 solar panels installed have a capacity of 1.65MW and cover the area of a two and a half soccer pitches. The warehouse, for plastic packaging manufacturer Promens, will be nearly 100% powered by its own solar array, making it far greener than other facilities relying on grid-delivered electricity derived from many sources, including very polluting ones like coal.

    The finance for the development came from many small investors in a fund managed by Octopus Investments, and the installation was constructed by Gropotec and is managed by Lightsource Renewable Energy. As the UK government has recently changed the criteria for renewable investment, starting in August, it looks likely that this project will be the largest roof-top installation in the UK for the foreseeable future.

    Nicholas Boyle, CEO of Lightsource said, "This roof-top solar plant highlights the important role solar generation has to play in our future energy mix, particularly when the energy it produces is used at source removing the need for wasteful distribution networks. Getting this site online before the August deadline was a considerable achievement and it is a real credit to Grupotec, for their speed and coordination during design and construction, and to Promens as a company for their commitment to the project and a willingness to do what was needed to get it completed."

    Posted via email from Energy-Broker.co.uk

  • Tidal energy device wins go ahead after EU cash boost

    First Minister Carwyn Jones has announced that Wales’ first full scale tidal stream energy generator has been given the go-ahead following the injection of £6.4m of EU funding.

    The money will enable the £11m DeltaStream device, which will generate clean electricity from the tides off the West Wales coast, to be manufactured ready for a trial installation in 2012.

    Backed by the European Regional Development Fund through the Welsh Government, the funding provides a vital source of support for Cardiff-based marine renewable energy company, Tidal Energy.

    Announcing the funding, the First Minister said: “Investing in renewable energy technologies is vital to build a low carbon economy and help drive forward Wales’ ambitions to become a more sustainable nation.

    Posted via email from Energy-Broker.co.uk

Thursday, 21 July 2011

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