Kelly Paul

European hydropower, solar and wind Cal 24 GOs were quoted between EUR 0.55-0.60/MWh, while Cal 25 certificates were between EUR 1.30-1.40/MWh. This compared with around EUR 0.65/MWh for Cal 24 GOs and a range of EUR 1.36-1.45/MWh for Cal 25 GOs last week.

The so-called HyNet project will help decarbonise one of the UK's most energy-intensive industrial regions by capturing carbon emissions before they reach the atmosphere and storing them under the seabed, the government said in a statement.

This was the operator's highest forecast in five years and comparable with its preliminary forecast published in June, Neso added in its winter outlook report on Tuesday. The forecast assumes peak average demand during a cold spell at 59.8 GW.

Under the IEA's main case scenario, onshore wind capacity would reach 310 GW, falling short of a target of 400 GW, while offshore wind would reach 60 GW, just over half of the 2030 target of 111 GW, the IEA added in its annual Renewables report for 2024.

That risk could arise from geopolitical tensions, extreme weather “or even a simple industrial accident”, the IEA's chief energy economist Tim Gould said during the presentation of the agency's latest World Energy Outlook.

Fully matching GOs in a so-called “100% local” scenario would significantly redirect GO financial flows from countries with a high share of renewables such as Norway and Sweden to countries that typically import GOs such as Ireland, the Netherlands and Germany, Aurora added in a new report commissioned by the tech giant Google.

Yet market participants were “keen” to revert to the prevailing system that was in place before Brexit, given the ongoing cross-border trade via interconnectors between the continent and the UK, Emilie Tretow Busellato told the Recs UK Rego industry event in London on Thursday.

(Montel) UK renewable power generation hit a record 103 TWh from January-November and looked set to end 2024 ahead of fossil fuels in the country's electricity mix for the first time, said energy think tank Ember.

(Montel) The UK capacity market auction delivering in 2028-29 should clear at at least GBP 49/kW/year given the amount of capacity that could drop out before the auction takes place next year, according to Montel Analytics.

(Montel) Prices for European power purchase agreements (PPAs) rose by almost 4% on the month in November tracking bullish gas and power prices, renewables advisory firm Pexapark said on Thursday.