The director of one of Europe’s leading energy producers and owner of indigenous Irish energy supplier Airtricity has warned that Ireland is being left behind in the development of offshore wind and marine generation. Addressing over 400 delegates at the annual conference of the Irish Wind Energy Association, Scottish and Southern Energy Group finance director … Read more
UK energy market regulator Ofgem is proposing sweeping away complex and unfair pricing practices and requiring the ‘big six’ energy suppliers to auction up to 20% of their electricity generation output following a major review of the sector. Ofgem’s review found that competition is being stifled by a combination of tariff complexity, poor supplier behaviour, … Read more
Scottish and Southern Energy has submitted a proposal under the EU’s NER300 funding process to develop a carbon capture and storage project at its gas-fired power station in Peterhead, Aberdeenshire. Shell UK and Petrofac subsidiary CO2 DeepStore will also be participating in the project by providing the offshore transport and storage elements of the proposal. … Read more
UK energy watchdog Ofgem has released its latest Electricity and Gas Supply Market Report, which indicates that that the margin on a standard dual fuel tariff is now around £90, an increase of 38% from September. Whilst Ofgem would expect efficient firms to make a profit, it wants clarity on behalf of consumers that the … Read more
Finavera Renewables has agreed to the co-development of the 105 megawatt Cloosh Valley Wind Project in County Galway with SSE Renewables (Ireland), the Irish renewables development division of Scottish and Southern Energy (SSE). The move follows the sale of a majority stake in Finavera’s wholly owned Gate 3 grid connection from Eirgrid to SSE for … Read more