The project will be designed to capture carbon dioxide and store it permanently offshore
Carbon jumps again with the green agenda hijacked, but will prices be contained?
The move is part of a $25 billion divestment programme by 2025
The Humber Tunnel can transport between 70m to 100m cubic metres – or around a quarter – of Britain’s gas
The British power producer plans to use the proceeds from the sale to develop its biomass business
That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year
The drop was mainly driven by the power sector, where emissions fell by almost 15%, primarily due to coal-fired power production being replaced by electricity from renewables and gas
Wärtsilä claims installing 7GW of flexibility capacity to balance renewable generation could see the share of clean power reach 62%, higher than it says would be possible by deploying wind and solar alone
UK gas prices are currently amongst the lowest in Europe. Wholesale prices are highly competitive, taxes are relatively low, and for business users, at least, network costs account for a relatively low proportion of the bill.
Ofgem and the Energy Market Authority will hold their second bilateral dialogue virtually in the first quarter of 2021