Friday Sep 13, 2024
EVOL: GB Energy office hunting and renewables money, money, money!
This week government scouts were in Aberdeen as renewables leaders called for more cash and questioned where previously promised funds are.
The GB Energy news just keeps on coming and as always, Erikka is on the case! Energy Voice's sister publication, The P&J, this week revealed that government scouts are sniffing about Aberdeen's Marischal Square as a potential HQ for the state-owned energy firm. Additionally, the government has proposed new legislation to boost the borrowing powers of the Crown Estate to unlock “strategic bottlenecks” affecting offshore wind.
Staying on the topic of offshore wind, Michael has been looking at how the government can attract more power generation in its Contracts for Difference (CfD) processes. Last week's announcement of Allocation Round 6 (AR6) winners left industry commentators wanting more as offshore wind generation fell short of what is needed to reach government targets.
Finally, Ryan questions if Ed Miliband's move to propose new licences for the Track 1 projects is just "smoke and mirrors". The CCS sector is still waiting on £20 billion in government investment and it doesn't even know what form that will take if it ever gets delivered. This is causing the UK's front runners in carbon capture and storage to fall behind its European counterparts