UK solar heavyweights welcome ‘encouraging’ CfD return

solar panelsA collection of the UK’s solar stalwarts have welcomed the government’s consultation on allowing solar and onshore wind back into the Contracts for Difference (CfD) scheme.

Details on the consultation emerged on Tuesday (2 March 2020) before being fully unveiled that evening. The document details proposals to include so-called Pot I technologies into future allocation rounds after they were barred from the scheme after just the first allocation round. Continue reading “UK solar heavyweights welcome ‘encouraging’ CfD return”

Good Energy’s H1 pre-tax profit grows to GBP 2.5m

UK clean energy company Good Energy Group Plc (LON:GOOD) on Monday reported a pre-tax profit from continuing operations of GBP 2.5 million (USD 3.1m/EUR 2.8m) for the first half of 2019, up 8% from a year ago.

The renewable electricity supplier and power services provider has six solar and two wind parks in its portfolio. Its founder and CEO Juliet Davenport said that during the reporting period the company managed to deliver strong financial results in spite of the challenging market conditions and added that it is “ideally-positioned” for the ongoing period of significant market changes. Continue reading “Good Energy’s H1 pre-tax profit grows to GBP 2.5m”

Germany renewables share jumped to to 72.4% last week

A year ago, Germany set itself a target of securing 65 per cent of its electricity needs from renewable energy sources by 2030 – one of the more ambitious renewable energy targets anywhere in the world, but one that is still well short of the 100 per cent many experts believe is not only necessary, but possible in Germany.

Possible may be underselling it, however, if the last few weeks of electricity generation in Germany are anything to go by.

A week ago, RenewEconomy editor Giles Parkinson reported that Germany had sourced nearly 65 per cent of its electricity generation from renewables for the week finishing March 3 – “week 10”, according to the parlance of the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE), from whom the data has been sourced. Continue reading “Germany renewables share jumped to to 72.4% last week”