3 February 2023 MaresConnect Limited (MCL) welcomes the Department for Business, Energy and Industrial Strategy’s (BEIS) consultation on Capacity Market published on 9 January 2023 (the Consultation). We set out below some general points relating to interconnectors and their important contribution to the Capacity Market and request BEIS considers these points in making any changes…
Dublin, 28th February 2023 We are pleased to announce that MaresConnect has passed Ofgem’s interconnector Cap & Floor Window 3 eligibility criteria alongside six other projects. MaresConnect will now progress to the next stage which will involve a needs case assessment to determine which projects are in the interests of UK consumers. MaresConnect is expected…
The five interconnectors, which connect Great Britain with France, Belgium, the Netherlands and Norway, transported almost 12 per cent more power than in the same period last year, at an average of 91 GWh per day. National Grid reported that a total of 2.6 TWh of power was transported through its cables in January alone,…
Record additions of new wind and solar in 2022 helped Europe survive a “triple crisis” created by restrictions on Russian gas supplies, a dip in hydro caused by drought and unexpected nuclear outages, the analysis says. Around 83% of the dip in hydro and nuclear power was met by wind and solar – and falling…
A huge amount of wind and solar power came online around the globe last year, and several advances were made across a variety of different renewable energy sources. Energy firms across North America, Europe, and Asia established plans to develop major green hydrogen facilities, hydropower plants, and new tidal and wave operations; as well as…
Rystad Energy’s current base case forecast has Europe adding as much as 530 gigawatts (GW) of solar PV and onshore and offshore wind between 2022 and 2030, more than 66 GW per year on average. Furthermore, the share of solar and wind combined as a share of total installed capacity surpassed 10% in 2010 and…