Tidal

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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”.
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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.
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Consumer organisations tell Utility Week how they want utilities to respond to customers' needs in the next 20 years.
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Another deal signed at today's Anglo-French summit was an agreement to develop an interconnector between France, Alderney and Britain which would help transport tidal power from the island's waters and create another power trading link between the UK and Europe.
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Ed Davey, the new secretary of state at the Department of Energy and Climate Change, also 155 community energy projects that have each won a share of £5.1 million of funding from the Local Energy Assessment Fund.
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