Reuters Events: Wind Operations Europe 2021
The European wind market is dynamic: offshore wind is dominating new build-out, onshore assets are changing ownership hands frequently and over 34,000 turbines are at least 15 years old, quickly approaching original life expectancy. By Reuters Events 13/05/2021, 2:49 pm
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The European wind market is dynamic: offshore wind is dominating new build-out, onshore assets are changing ownership hands frequently and over 34,000 turbines are at least 15 years old, quickly approaching original life expectancy.
There are several myths surrounding green energy tariffs and how they work.
According to Which?, a third of customers believe if an energy tariff is green or renewable, they will have 100% renewable electricity supplied to their home.
Another 11% believe a supplier generates some of the renewable electricity it sells, and 8% believe it generates all of it.
In reality, if you choose a green energy tariff, you still get your electricity from the National Grid in the same way as a customer on a standard non-green tariff. Electricity is generated from a range of sources – some of which is renewable – and this is mixed together in the National Grid and then supplied to people’s homes.
As set out in the Company s announcement of its Final Results released on 15 March 2021, the Directors identified a potential procedural issue in respect of the payment of the first interim dividend covering the period from the Company s IPO on 10 December 2019 to 30 June 2020 of 1.06 pence per Ordinary Share paid on 21 August 2020 (the First Interim Dividend ), which may have resulted in the First Interim Dividend having been made otherwise than in accordance with the Companies Act 2006 (the Act ). The total aggregate amount of the First Interim Dividend was £3,710,000. The Company s historic reported trading results and financial condition, the dividends declared in respect of Q3 2020, Q4 2020 and Q1 2021 and the Company s ability to pay future dividends are entirely unaffected.
By IPE staff2021-04-28T10:40:00+01:00
Octopus Renewables has invested in two UK biomass plants on behalf of its funds, one of which is backed by UK workplace pension provider Nest.
The specialist clean energy investor arm of Octopus Group has paid an undisclosed sum to buy the plants with a combined capacity of 85.7MW from a joint venture by Copenhagen Infrastructure Partners and Burmeister & Wain Scandinavian Contractor. The two plants are located in Brigg, North Lincolnshire and Snetterton, East Anglia.
The joint venture completed construction of the £162m (€186m) Brigg plant and the £175m Snetterton plant in 2016 and 2017 respectively.
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Octopus Renewables, the specialist clean energy investor arm of Octopus Group, has announced the acquisition of two operational UK biomass power plants, with a combined capacity of 85.7 MW, from a joint venture by Copenhagen Infrastructure Partners (CIP) and Burmeister & Wain Scandinavian Contractor (BWSC), in one of the largest deals of its kind in the UK.
The two plants, located in Brigg, North Lincolnshire and Snetterton, East Anglia, have been acquired with investment provided by funds managed by Octopus, one of which includes a recently announced fund cornerstoned by UK workplace pension provider Nest.
Both facilities at Brigg (40.8MW) and Snetterton (44.9MW) are fuelled by a mixture of locally sourced biomass feedstocks. Octopus will manage both sites, adding to the five biomass plants that it currently manages across the UK.