At the second, and most recent) Indian auction for 1,000 MW of wind power, the various winners bid prices of Rupees 2.64 and 2.65 per kilowatt hour (Rs 2.64= £0.031). These are the lowest ever prices, considerably lower than the Rs 3.46 price obtained at the first (February 2017) auction, also for 1,000 MW, also [...]
On Friday September 28, Graphene Nanochem released its somewhat uneven interims for the six-month period ending June 30, 2017. The results showed a loss before tax of £1.7 million (H1 2016, loss of £1.5m) and a loss per share of 1.29p (2016 a loss of 1.43p).But the figures also show a modest gross profit of [...]
Electric cars (EVS) are increasingly prominent in the media and elsewhere. But while the percentage increases in numbers look impressive, the current absolute numbers suggest that there is still a long way to go before electric cars have a substantial market share. Parochially, in the period April to June 2017, 726,000 new vehicles were registered [...]
On September 12, Good Energy Group PLC ,(market cap £34.42 million) announced its results for the six months ended June 30, 2017. The figures were in line with the measured expectations of analysts, but the market reacted somewhat negatively. The share price, which was already trading at a 52-week low, fell a little further to [...]
The Engineering and Physical Science Research Council (EPSRC) has announced funding of nearly £4 million from the Newton Fund* to enable researchers from the UK and China to collaborate on five projects to develop the next generation of offshore renewable energy (ORE) technologies. These three-year long projects, funded as part of the Joint UK-China Offshore Renewable [...]
This week, BP published Energy Outlook 2017, their best prediction for the period to 2035. A key judgement is that rapid improvements in the competitiveness of renewable energy mean that increases in renewables, together with nuclear and hydro energy, will provide around half of the increase in global energy in the next twenty years. The [...]
Last week saw the publication of the 178 page Hendry report on the role of tidal lagoons. (For those interested, the full text is available at https://hendryreview.wordpress.com ) There was a generally favourable media reaction to Hendry’s recommendations about the initial Swansea project and his proposals for handling this and other larger projects, which are [...]
Rurelec’s basic strategy is to acquire, develop and manage small to medium sized power plants in South America. Over time, it has become clear that this “combined” strategy is tough to deliver. In general, power generators are pulling back from power project development, a high risk activity, in favour of the ownership of plants already [...]
In London, the responsibility for heating rests on individual arrangements with the various gas and electricity companies, while it is the boroughs which are responsible for providing local waste and recycling collections and the subsequent treatment of the waste. In terms of coverall coordination, the operations of the boroughs merely have to be “in general [...]
Just before Christmas, the Government released energy/electricity statistics for the third quarter of this year (Q3 2016). The figures showed that fifty per cent of the electricity generated during Q3 came from “low-carbon” sources, half from nuclear and half from renewables and less than 4 per cent from coal. While the total renewables figure of [...]