UK and EU sign offshore renewable energy agreement

The UK Minister for Energy and Climate Graham Stuart signed a Memorandum of Understanding with the North Seas Energy Cooperation (NSEC) forum on Sunday (18 December). The move forms part of the UK’s commitments under the UK-EU Trade and Cooperation Agreement (TCA) and it will see the forum look to develop renewable projects across the…

British wind farms set new 21GW generation record

Wind farms across Britain have set a second power generation record within the space of a week, producing 20,896MW of electricity on Wednesday 2 November. National Grid ESO said the milestone was achieved during a 30-minute period around noon when wind farms accounted for 53% of Britain’s electricity. On the same day, low-carbon sources –…

The UK is the latest country to ready for blackouts and power shortages this winter, as Europe’s energy crisis intensifies, according to a report

The UK is the latest country preparing to implement emergency measures this winter as soaring gas and electricity prices fuel an energy crisis in Europe. The British government is prepared to trigger emergency measures in January to conserve gas as electricity imports fall, according to Bloomberg. A number of countries, including Germany, the Netherlands and Denmark…

MaresConnect Interconnector Secures Ofgem Licence

Dublin, 06 July 2022 – Ofgem’s licence grants MaresConnect the right to own and operate an electricity interconnector project in the UK and provides certain associated powers as a statutory undertaker. MaresConnect is a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain¹. The cable route is approximately 245km underground and…

MaresConnect Interconnector Raises New Capital From Foresight Energy Infrastructure Partners

London, 11 May 2022 • Funding secured for the project’s development to position MaresConnect as Ireland’s next interconnector • MaresConnect will make a major contribution to achieving Ireland’s 2030 environmental goals Foresight Group Holdings Limited¹, the listed sustainability-led infrastructure and private equity investment manager, has acquired a majority stake in the MaresConnect² interconnector project (“MaresConnect”),…