Iberdrola, a Spanish company, doubles its British investment plan from $11 billion to $21 billion
Iberdrola, the largest Spanish power company, has increased its investment plan in its British subsidiary Scottish Power from 24 billion pounds ($31.37billion) to 2024-2028. This was announced ahead of an international investment summit held in London. The investment comes at a time when Britain's Labour government is trying to attract billions of pounds worth of foreign investment as it celebrates its 100th day in office, and hosts global business leaders in the Oct. 14 Summit.
Iberdrola, a Spanish company, invests $15.7 billion into Scottish Power's division
Iberdrola - Spain's largest energy company - will invest up 12 billion pounds ($15.7billion) in Scottish Power, its British division, over the next four year, doubling their commitment to the UK in advance of a global summit on investment in London. The investment comes at a time when Britain's Labour government is trying to attract billions of pounds worth of foreign investment as it celebrates its 100th day in office, and hosts global business leaders in the Oct. 14 Summit.
All Turbines Installed at East Anglia ONE Offshore Wind Farm
ScottishPower Renewables and Macquarie’s Green Investment Group (GIG) said Wednesday that all of the 102 offshore wind turbines were installed on the East Anglia ONE offshore windfarm.The installation began in June 2019, and now a total of 102 Siemens Gamesa SWT-7.0-154 offshore wind turbines are standing tall at the wind farm site, 43km off the Suffolk coast. Installation was carried out by Siemens Gamesa using the Sea Installer and Sea Challenger vessels…
Rystad: 2020 Biggest Year for Offshore Wind Jackets
The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, Norwegian energy intelligence firm Rystad Energy said in a report on Thursday.The trend of using this type of foundations - a lattice steel framework, with three or four anchors set on the seafloor - will be lead by the UK."A total of 258 turbines to be installed this year will have a jacket foundation…
New Offshore Wind Launch Academy in UK
Offshore Renewable Energy (ORE) Catapult, the UK's flagship technology innovation and research center for offshore wind, wave and tidal energy, has launched a new industry-backed national technology accelerator program.The program is designed to support innovative SMEs to commercialize new technologies that will enhance the UK’s offshore wind supply chain, enabling greater UK content, whilst supporting cost reduction.The…
UK Offshore Wind Attracts Investments
Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market, it said.With natural advantages including a long coastline, high wind speed and areas of shallow seabed providing desirable conditions for the construction of large offshore wind farms…
Van Oord Completes Foundation for EA1
Dutch maritime contracting company Van Oord has installed the last jacket foundation for offshore wind farm East Anglia ONE (EA1) and delivered it to client ScottishPower Renewables.Van Oord was in charge of the transportation and installation of all 102 three-legged foundations for the 714-MW offshore wind project. This is the largest number of three-legged wind turbine foundations ever installed offshore, said a press release from the company.Due to be completed in 2020…
ABP, Peterson Sign Pact
The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft.ABP, which owns and operates 21 ports in the United Kingdom, said that the new agreement will see Peterson operate a wide range of warehouse, cargo and logistic services from the port…
UK Regulator Probes SSE, Npower Merger
British regulators have launched an in-depth investigation into the tie-up between the retail power unit of SSE Plc and Npower, owned by Germany's Innogy, saying it may reduce competition and increase prices for some households.The merger would create Britain's second-largest retail power provider and reduce the "Big Six" dominating the market to five companies when they are already facing political scrutiny for…
UK Greenlights 1.2 GW Offshore Wind Farm
ScottishPower Renewables, part of Spanish utility Iberdrola, has received planning approval from the British government for a 1.2-gigawatt offshore wind farm off the coast of Norfolk, the firm said on Monday. The so-called East Anglia THREE offshore wind farm will need 172 wind turbines and deliver enough power to meet the annual demand of almost one million homes, the company said. Britain's regulatory framework requires that offshore wind developers enter qualified projects into a renewable support scheme…
UK Conservatives Support Shale Energy
Britain's Conservative Party will introduce legislation to support shale energy development and impose a household energy tariff cap if it is re-elected in June, its election policy document showed on Thursday. The Conservative government pledged last month to cap standard variable tariffs, responding to voter discontent about energy bills which have doubled in the past decade. "We will introduce a safeguard tariff…
UK Energy Market Watchdog to Review Supply Licences This Year
Britain's energy market regulator Ofgem will review the way it awards supply licences and financial requirements on energy suppliers later this year, it said, following calls for firms to undergo stricter financial stress tests. In a speech on Thursday, Ofgem Chief Executive Dermot Nolan said there had been a lot of interest in the energy sector's financial stability due to the increasing number of suppliers, many of which are very small.
103 Cranes Ordered for East Anglia ONE Wind Farm
Aberdeen-based Sparrows Group said it has signed a contract to supply 103 cranes for installation at ScottishPower Renewables’ 714 megawatt East Anglia ONE offshore wind farm. Located off the coast of Suffolk, the wind farm will be capable of producing enough electricity to power around 500,000 homes and is anticipated to generate first power in 2019 and be fully-operational by 2020. All the offshore wind turbine…
VBMS Bags Anglia ONE OWF cabling Deal
Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded a cabling contract with a value of approximately EUR 100 million by ScottishPower Renewables, for the East Anglia ONE offshore wind farm. The scope of work for VBMS consists of the supply, installation and burial, as well as termination and testing of 102 66kV inter-array cables. The project execution will commence in the first quarter of 2019 with completion scheduled for mid-2020.
Van Oord inks Offshore Windfarm Deal
Van Oord has been awarded the contract for East Anglia ONE offshore windfarm by ScottishPower Renewables (part of the Iberdrola Group) for the transport and installation of 102 three-legged jacket foundations. The East Anglia ONE offshore windfarm is located in the southern North Sea, 45 kilometers southeast of the town of Lowestoft, United Kingdom. The offshore wind farm will have 102 Siemens 7 MW wind turbines, with a total capacity of 714 MW.
British Gas, E.ON to Freeze UK Energy Prices This Winter
Centrica owned British Gas and E.ON, two of Britain's "big six" suppliers, have frozen their standard energy prices this winter, adding to pressure on rivals to do the same. British wholesale gas and electricity prices have risen about 30 and 40 percent respectively since June, along with a rebound in other commodities such as coal, leading to speculation that some electricity suppliers could raise prices. British Gas…
UK Rule Change for Small Power Producers Could Raise Costs, Risk Supply
Changes to Britain's local power generation rules could drive up energy bills and curb growth in new small plants just when the government is seeking to boost the country's electricity supply. Smaller power generators with less than 100 megawatt capacity embedded into local power grids have grown rapidly thanks to rules that let them avoid the costs of using and maintaining the national transmission network. But encouraged by Britain's "big six" energy suppliers…
Britain's SSE to Freeze Energy Prices This Winter
SSE, one of Britain's "big six" energy suppliers, has frozen its standard energy prices this winter, it said on Friday, putting pressure on its rivals to do the same. British wholesale gas and electricity prices have risen about 30 and 40 percent respectively since June, along with a bounce-back in other commodities such as coal, leading to speculation that some electricity suppliers could raise prices. "We understand…
Jee Wins Array Cable Optimization Study Contract
Subsea engineering and training company Jee Ltd. informs it has been awarded a contract by Scottish Power Renewables to carry out an array cable layout optimization study for the East Anglia ONE (EAONE) offshore wind farm. EAONE is a development planned off the coast of East Anglia for 102 turbines; enough to power more than 50,000 homes every year, as quoted by Scottish Power Renewables. Scottish Power Renewables has contracted Jee to optimize the wind farm array cable layout…
Atlantis Resources Joins Ocean Energy Europe Board of Directors
Tim Cornelius, CEO of global tidal developer Atlantis Resources has taken a seat on the Board of Directors of Ocean Energy Europe – the industry group for ocean renewable energy – by becoming a Lead Sponsor of the organization. Following its acquisition of pioneering tidal company Marine Current Turbines earlier this year, Atlantis Resources now owns one of the largest and most diverse portfolios in the business, with a project pipeline of 600MW.
