Nuclear

Editor's picks

Octopus Energy Group has added £3.4 billion worth of renewable energy projects to its portfolio with the acquisition of sister company Octopus Renewables. From June the large retailer will manage Octopus Renewables’ European portfolio of more than 300 green assets under new business arm Octopus Energy Generation. Chris Hulatt, co-founder of Octopus Group, the parent company of both businesses, said he hoped the move would unlock a “multitude of new investment opportunities”.
News
Crown Estate Scotland has raised the maximum option fees for its ScotWind offshore wind leasing round by ten-fold to £100,000/km². The decision follows a review of the arrangements that was launched after the winners in the Crown Estate’s fourth offshore wind leasing round for England and Wales agreed to pay option fees initially worth £879 million per year for almost 8GW of capacity its first competitive bidding process.
News

Latest in Nuclear

EDF has agreed to sell its West Burton B combined-cycle gas turbine (CCGT) power station to investment firm EIG for an undisclosed sum. The deal also includes a 49MW battery system at the site in Nottinghamshire.
News
Great Britain’s power grid saw its “greenest ever” moment on Easter Monday as low demand over the holiday weekend, combined with sunny spells and strong winds, allowed renewables to dominate the energy mix. National Grid Electricity System Operator said the carbon intensity of the power grid dropped to a new record low of 39gCO2/kWh at 1pm, with zero carbon sources providing nearly four fifths of electricity.
News
EDF has trialed a new self-service app to support the testing of its workforce for Covid-19, ensuring critical work can continue at its nuclear sites during outages. The company says the testing has enabled it to continue with its statutory outage programme without interruption and without any disruption to service.
News
Three of EDF’s nuclear units – one each at the Dungeness B, Heysham 2 and Torness power stations – have dropped out of the latest four-year-ahead (T-4) Capacity Market auction before it cleared at an annual price £18/kW. Meanwhile, agreements have been secured by three new open-cycle gas turbines being developed by Drax.
News
EDF’s UK business has seen its EBITDA impacted to the tune of £160 million due to the financial effects of Covid-19, the company’s latest full-year group results show. The company reports that the pandemic has affected “all parts of the business”, mainly its customer division’s performance, with lower electricity usage volumes among business customers and the increase of bad debt provision among the major factors.
News
EDF has postponed the expected start date for electricity generation at Hinkley Point C to June 2026 and revealed that construction of the new nuclear plant in Somerset may cost up to £23.7 billion, depending on whether further delays materialise. When the government gave the final go-ahead in September 2016, the power station was expected to cost £18.1 billion to build and start generating electricity at the end of 2025.
News
The author of the Cost of Energy Review was one of several names connected with the utilities sector to feature in the Queen's New Year Honours list.
News
Low-carbon generation fell year on year in the last quarter, on the back of widespread nuclear outages and a “relatively small” increase in renewable output, according to new government statistics.
News
Close
Close

Request a call back