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Last Week in The Energy Sector – 30th Oct to 5th Nov

By November 6, 2023No Comments

UK-Germany Forge Green Energy Alliance

  • The UK and Germany have formed a partnership to boost renewable energy and achieve net zero emissions.
  • The agreement focuses on offshore wind, power interconnectivity, and carbon capture techniques. It also includes plans for a global hydrogen economy and sharing best practices for decarbonisation and energy efficiency.
  • The partnership aligns with the Paris Agreement’s goal to limit global warming to 1.5 degrees

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Dominion Energy’s Coastal Virginia Offshore Wind Project Achieves Another Major and On-time Milestone

  • Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project has received a favorable Record of Decision from the Bureau of Ocean Energy Management.
  • The 2.6-gigawatt project, set to begin construction in 2024, will generate enough renewable energy to power 660,000 homes and is expected to save customers $3 billion in fuel costs over its first decade.
  • The CVOW project is the largest offshore wind project under development in the US.

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Work Completes on Scottish Wind Farm to Power Sainsbury’s

  • The 50MW Longhill Burn wind farm in Scotland, which will supply up to 33% of Sainsbury’s power needs at peak capacity, has finished construction.
  • The wind farm, owned by Capital Dynamics, will provide all its clean electricity to Sainsbury’s under a 15-year agreement.
  • This supports Sainsbury’s goal to become Net Zero by 2035.

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SSE Renewables Makes Final Investment Decision on South Milford Scheme

  • SSE Renewables has made the final investment decision on its 320MW Monk Fryston battery energy storage system (BESS) project.
  • The project, which is one of the UK’s largest, will help balance energy supply and demand, supporting intermittent renewable energy generation.
  • The company’s portfolio includes 1.2GW of secured solar and battery projects, with another 1.3GW under development.

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Bord Gáis Energy Joins ESB and dCarbonX on Green Hydrogen Storage Project

  • Bord Gáis Energy has joined ESB and dCarbonX in the Kestrel project, which aims to redevelop decommissioned gas reservoirs at the Kinsale Head gas field offshore Ireland for large-scale green hydrogen storage.
  • The project has recently completed the construction of a proprietary digital simulation – digital twin – of the Kinsale Head area depleted gas reservoirs which mimics the 42 years of gas production from the area.
  • The project will support the transition of gas-fired power stations to net zero emissions and the development of an indigenous green hydrogen sector in Ireland.

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