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Ofgem has awarded a licence for the grid link to offshore windfarm Hornsea One after securing a record £1.2 billion investment. The Mitsubishi Corporation-led consortium Diamond Transmission Partners was selected by Ofgem to own and operate the offshore transmission system linking the windfarm to the British mainland.
4 years ago
Triton Knoll offshore windfarm has begun generating power following the commissioning of the transmission infrastructure for the 857MW array. RWE began installing the 90 turbines that will make up the windfarm in January.
SSE has confirmed it expects to see its earnings reduced by roughly £200 million over its current financial year due to the effects of the coronavirus. In a third quarter trading update, the company said the impact of the pandemic on its operating profit is anticipated to fall towards the middle of the £150 million to £250 million range originally estimated in its last full-year results in June 2020.
The trade deal agreed between the UK and the European Union set out plans for a new forum to co-ordinate offshore renewable energy development in the North Sea and the temporary continuation of existing interconnector energy trading arrangements. Utility Week explores these and other key points for the utilities sector.
In our latest review of sector coverage across the national newspapers, there are reports on a turbulent energy retail market – with Centrica facing strikes and Shell Energy revealing a £32 million loss. However, in a weekend of gloomy news, there was one bright spot, with a new record set for windfarm generation in Great Britain.