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UK National Grid Offers €500Mn Green Bond (Int'l. Report)
National Grid
Date: 2020-01-15
In the UK, National Grid reports it is launching a €500 million green bond issuance to finance its expanded efforts in renewable energy, energy efficiency, sustainable energy management and climate related initiatives. The offer is the British utility firm's first foray into the green bonds market since publishing its Green Financing Framework in November last year.

Of the total €500 million issuance, 74 pct would be used for renewable energy, 13 pct for environmentally sustainable management, 11 pct for energy efficiency, and 2 pct for clean transportation and pollution prevention.

BNP Paribas is acting as the sole green structuring advisor and joint book runner. (Source: National Grid, Business Green, 14 Jan., 2019) Contact: UK National Grid, Kayte O'Neill, Head of Strategy and Regulation, www2.nationalgrid.com/uk

More Low-Carbon Energy News National Grid ,  Green Bond,  


Net-Zero Carbon "Achievable" says UK National Grid (Int'l Report)
UK National Grid
Date: 2019-08-09
According to the UK National Grid's latest Future Energy Scenarios (FES) report, Great Britain could reach net-zero carbon in its electricity grid by 2050 -- if "immediate action" is taken across all key energy technology and policy areas, such as increased energy efficiency and carbon capture and storage (CCS), and "at a significantly greater scale than assumed."

The report outlines five "credible pathways and scenarios for the future of energy" over the next 30 years. Two of the scenarios meet the country's old 2050 target of an 80 pct reduction in GHG emissions by 2050, and a new "standalone sensitivity analysis on how net-zero carbon emissions could potentially be achieved by 2050."

The report notes that achieve net-zero, British homes would need to use at least one-third less energy for heating by 2050 than today, while the electricity system would need to operate using only zero-carbon generation, and the power sector would need to deliver negative emissions, using technologies like biomass and carbon capture utilization and storage (CCUS).

Report details HERE. (Source: UK National Grid, July, 2019) Contact: UK National Grid, Kayte O'Neill, Head of Strategy and Regulation, www2.nationalgrid.com/uk

More Low-Carbon Energy News UK National Grid,  Net-Zero Carbon,  CCUS,  CCS,  CO2,  


Net-Zero Carbon "Achievable" by 2050, says UK National Grid (Int'l)
UK National Grid
Date: 2019-07-17
According to the UK National Grid's latest Future Energy Scenarios (FES) report, Great Britain could reach net-zero carbon in its electricity grid by 2050 -- if "immediate action" is taken across all key energy technology and policy areas, such as increased energy efficiency and carbon capture and storage (CCS), and "at a significantly greater scale than assumed."

The report outlines five "credible pathways and scenarios for the future of energy" over the next 30 years Two of the scenarios meet the country's old 2050 target of an 80 pct reduction in GHG emissions by 2050, and a new "standalone sensitivity analysis on how net-zero carbon emissions could potentially be achieved by 2050."

The report notes that achieve net-zero, British homes would need to use at least one-third less energy for heating by 2050 than today, while the electricity system would need to operate using only zero-carbon generation, and the power sector would need to deliver negative emissions, using technologies like biomass and carbon capture utilization and storage (CCUS).

Report details HERE. (Source: UK National Grid, ReNew Economy, July, 2019) Contact: UK National Grid, Kayte O'Neill, Head of Strategy and Regulation, www2.nationalgrid.com/uk

More Low-Carbon Energy News UK National Grid,  Net-Zero Carbon,  


Carbon Capture Hub Planned for UK Humber Region (Int'l Report)
National Grid, Drax, Equinor
Date: 2019-05-29
In the UK, National Grid, Drax and Equinor are reporting they will partner to develop the country's first carbon capture, usage and storage (CCUS) hub in the Humber region. Under their initial plan, carbon emissions from the woody biomass-wood pellet burning Drax power station near Selby, could be captured and stored in disused gas fields in the southern North Sea. (Source: DRAX,Various Media, May, 2019)Contact: DRAX, Will Gardiner, CEO, www.drax.com; Equinor, www.equinor.com/en; UK National Grid, www2.nationalgrid.com/uk

More Low-Carbon Energy News CCS,  UK National Grid,  Drax ,  Equinor,  

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