Construction of a new solar power plant in Chernobyl is underway with the aim to optimise the “Chernobyl Zone” – which is still a very toxic environment, over thirty years since the catastrophic nuclear accident took place.
The world renowned tech giant Google is celebrating its latest achievement of running solely on 100% renewable energy, in both its data centres and offices. The goal of running on 100% renewable energy was set back in 2016 and has been achieved quite quickly thanks to Google investing quite a lot of money into renewable energy over the years.
A Purchase Power Agreement (PPA), or electricity power agreement, is a contract between two parties; a seller generating renewable electricity and the buyer looking to purchase it. A PPA contract is the principal agreement that defines the revenue and credit quality of a generating project. This makes it a key instrument of project finance.
With the scrapping of the Carbon Reduction Commitment (CRC), the Government has decided to offset the loss in revenue to the Exchequer by increasing the rates of CCL with effect from the 1st April 2019. Below is a table that shows the current rates and the promulgated increases for the coming years:
Thanks to a gusty start to the summer, during one lunchtime in June the UK managed to produce more than half its electricity demand across one hour from renewables. This is only the second time that this has happened, with the first occurrence just a couple of months earlier, in April.