Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


UK Targets 40GW of Offshore Wind by 2030 (Int'l. Report)
UK Wind
Date: 2021-05-07
As previously reported, in October 2020, the UK government announced plans to increase offshore wind capacity from 30GW to 40GW by 2030 as part of a larger plan aimed at reaching net-zero emissions by 2050, in keeping with the Paris Climate Agreement.

According to Oxford-based independent energy market analytics company Aurora Energy Research, reaching 40GW of offshore wind capacity by 2030 will require a clear government strategy, an investment of at least £50 billion ($69.34 billion) and a methodical approach for grid development and advanced infrastructure for integrating the electricity generated by offshore wind farms into the electricity grid. An investment of £160 million ($221.91 million) will also be need to upgrade the country's ports and factories to boost turbine production. (Source: Aurora Energy Research, Various Media, Power Technology, May, 2021) Contact: Aurora, Martin Anderson, Head of Renewables, +44 (0) 1865 952 700, contact@auroraer.com, www.auroraer.com

More Low-Carbon Energy News Aurora Energy Research,  UK Offshore Wind,  Wind,  Offshore Wind,  


UK Needs Major Wind Turbine Investment to Reach 40 GW Goal (Int'l.)
Aurora Energy Research
Date: 2020-02-19
In the UK, Oxford-based independent energy market analytics company Aurora Energy Research is reporting that if the UK is to meet long term renewable energy goal 40 GW capacity, 260 wind turbines will have to be installed on a yearly basis.

The UK's offshore wind capacity currently stands at 10 gigawatts with only 10 GW of new wind power facilities being contracted, leaving 20 GW still to be contracted, according to the Aurora report. (Source: Aurora Energy Research, CityAM, Feb., 2020) Contact: Aurora, Martin Anderson, Head of Renewables, +44 (0) 1865 952 700, contact@auroraer.com, www.auroraer.com

More Low-Carbon Energy News Aurora Energy Research,  


UK Needs 100GW+ New Wind, Solar Capacity to Meet Net-Zero, says Aurora Energy Research Report (Ind. Report)
Aroura Energy Research
Date: 2019-10-18
In a recently published report, Oxford, UK-headquartered Aurora Energy Research notes the UK will need more than 100GW of additional wind and solar capacity and 30GW of short duration energy storage to meet its net-zero grid system obligations.

The report presupposes capacity increases of more than 100GW of solar and wind, rising from 33GW today to more than 140GW in 2050, as well as 20GW of new nuclear and the inclusion of 3GW of carbon capture and storage (CCS) in the system.

In this scenario, there could be an 'excess' in renewable generation of 185TWh by 2050. Aurora suggests this could be used to produce hydrogen to decarbonise heating, transport or industry, however. To meet these necessary increases in storage and flexibility, Aurora has called on government, Ofgem, and the system operator to follow three principles: price the externalities, define the system needs and to let the market decide.

Aurora Energy Research is a consultancy which offers data-driven analytics on European and global energy markets to provide intelligence on the global energy transformation through forecasts, reports, forums and consultancy services. (Source: Aroura Energy Research, Current News UK, 16 Oct., 2019) Contact: Aurora Energy Research, Ana Barillas, Principal, Richard Howard, Research Director, +44 (0) 1865 952 700, oxfordoffice@auroraer.com, www.auroraer.com

More Low-Carbon Energy News Renewable Energy,  


UK Carbon Tax Cut Could Boost Coal-Fired Power Emissions, says Report (Int'l. Report)
Aurora Energy Research
Date: 2018-10-24
In the UK, Oxford-headquartered Aurora Energy Research reports a cut in the UK's Carbon Price Support tax could trigger a resurgence in coal-fired power generation and higher CO2 emissions into the 2020s. The Aurora findings are ahead of the UK Autumn Budget October 29 and energy industry speculation that the government might respond to rising CO2 prices in the EU Emissions Trading System by reducing the UK's top-up tax paid by domestic power generators.

According to the Aurora report, the difference between maintaining and cutting the tax could equate to 12 TWh of production a year for four years after coal plants would otherwise have closed. If the government were to reduce the CPS to £7/tonne CO2 from the current £18/tonne CO2, coal plants would stay on the system until 2025, generating an average 12 TWh/year in the period 2021-25.

The report notes that if the tax was maintained at £18/tonne CO2, this would result in coal coming off the system as early as 2021/2022. Cutting the CPS to £7/tonne CO2 would increase CO2 emissions by 29 million tonnes during the fourth carbon budget period (2023-2027) compared to maintaining the status quo.

In 2017 the UK Treasury recouped £1 billion in tax receipts from the mechanism which was capped at £18/tonne CO2 from 2016 to 2020. The freeze was extended to 2021 in the 2016 budget. (Source: Aurora Energy Research, S&P, Global, Oct., 2018) Contact: Aurora Energy Research, +44 0 1865 952 700, contact@auroraer.com, www.auroraer.com

Showing 1 to 4 of 4.