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Posts on ‘January 3rd, 2020’

Floating Wind Farm Starts Generating Power Off Portugal’s Coast

A number of companies including Norway’s Equinor ASA and Royal Dutch Shell Plc have invested in floating wind.

Bloomberg News: William Mathis: January 3, 2020: 7:54 AM EST

(Bloomberg) — A wind turbine floating off the coast in northern Portugal began transmitting electricity to the grid, a crucial step for a technology that could vastly increase the potential for offshore wind power.

The WindFloat Atlantic project is backed by European energy companies EDP Renovaveis SA, Engie SA and Repsol SA and uses the floating platform developed by Principle Power Inc. Three turbines with a combined 25 megawatt capacity will eventually be connected, helping to advance the economic viability of floating wind farms in the increasingly competitive market for renewable energy. read more

Royal Dutch Shell may fail to reach green energy targets

Shell’s green spending plans were dealt a blow earlier this year when the company missed out on a multibillion dollar race to buy Dutch utility Eneco, which has a large renewable energy portfolio. Shell and its pension fund partner lost out to a consortium of investors led by Japan’s Mitsubishi, which paid $4.5bn for the company.

The deal might have pushed Shell’s green investment towards its planned spending range. Shell said it was disappointed it lost the bid, and said that it would continue to invest growing gas and electricity generation from renewable sources. read more

Electricity marks greenest year on record in 2019

First Utility were rebranded as Shell Energy in March 2019, more than a year after Shell purchased the supplier, and announced they were switching to 100% renewable energy. They later announced they were purchasing fellow small supplier Green Star Energy, another renewables specialist.

By Lucy Brown: 3 January 2020

Extracts

Records were broken in 2019 as more UK electricity was produced via renewables rather than from fossil fuels.

Wind and solar both saw record generation peaks, plus a day in August has been labelled as the ‘greenest’ ever. read more

Shell boosts Smart Export Guarantee tariff following criticism

Energy supplier moves tariff from 0.001p per kWh to 3.5p per kWh, insisting first price was a ‘pilot’ tariff

Shell Energy has significantly bumped the price it will pay for solar energy produced by domestic customers, after attracting criticism from climate campaigners for initially having the lowest rates on the market.

Under the new Smart Export Guarantee (SEG) launched on Wednesday large suppliers must pay for energy provided to the grid by small scale producers, including people with rooftop solar panels. read more

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