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The Offshore Wind Industry to Reduce Energy Cost

A new report has revealed the UK will reduce the cost of electricity generated by offshore wind by 30 % in the next seven years. 

The report, published by the industry-led Offshore Wind Cost Reduction Task Force, showed evidence that the offshore wind industry can make significant cost reduction in its delivery of 18 GW electricity from wind farms, which is around 20% of UK’s total electricity demand.

The report found the industry could drop delivery cost from £140/MWh today to £100/MWh by 2020, achieving substantial savings of £3 billion per year.
Energy Minister, Charles Hendry, welcomed the announcement by saying: “I am encouraged that this report shows that substantial cost savings can be achieved if action is taken and I welcome this valuable work. I look forward to working closely with industry to take this forward further and deliver these ambitious targets.”

Offshore Wind Cost Reduction Task Force made 28 specific recommendations for the renewable sector to diverse and secure more affordable energy for consumers. The report also encourages industry officials to work more closely with the government for optimising collaboration

Mr Hendry emphasised on the importance of offshore wind farms and their role in securing low carbon energy mix in the future, but he also said that energy costs must come down too.

Andrew Jamieson, Chair of the Offshore Wind Cost Reduction Task Force, said: “To ensure that the UK’s world-leading offshore wind sector expands rapidly over this decade and fulfils its massive potential within the UK’s energy mix, it is vital that costs are reduced. In doing this not only will we reduce risk and drive investment into the sector, we will further protect consumers from increasing energy costs, reduce the industry’s requirement for financial support and deliver jobs and energy security for decades to come.”

What is your reaction to the report which suggests the offshore wind industry will reduce cost by over 30 per cent in the next seven years? Share your thoughts by leaving a comment here or raising your voice on our Facebook page.

Train4TradeSkills News: The UK Geothermal Could Generate as Much Electricity as 9 Nuclear Power Stations

A new independent report published by Sinclair Knight Merz claims deep geothermal resources could produce 20% of UK’s electricity and the heat for millions of homes.  

Although, deep geothermal power is new technology in the UK, the sector has been growing internationally. In Germany, the deep geothermal industry employs 6,000 people and has attracted €4 billion of investment.

The new report shows that the recourse is widely spread around the UK and has the potential to provide 9.5GW of renewable electricity which is an equivalent to nearly nine nuclear power stations, the Renewable Energy Association (REA) said.

It has been forecast that in the UK, former mining regions like Cornwall, Yorkshire and the North East of England, including Northern Ireland and Scotland, could support valuable commercial projects*.

Ryan Law, Chair of the REA Deep Geothermal Group, emphasised the importance of geothermal investment for the UK industry and outlined significant benefits and commercial rewards for the geothermal sector.

Mr Law said: “We don’t want to be left out of a global industry which is estimated to be worth £30 billion by 2020. We could be at the forefront of this industry given the strength of British engineering skills. If the UK wants to seize a share of this booming global market we must prove our competence at home. Clearly investment at home could also go a long way to meeting our future energy needs cleanly and safely.”

What is your reaction on the widely spread geothermal energy resources across the UK? What the government could do better to accelerate those projects?  Share your thoughts by leaving a comment here or raising your voice on our Facebook page

*The resource set out in the report has been summarised as:

Cornwall and the South West

HEAT: 13,000 MWth – 6.5 million homes annual heat demand

POWER: 4,000 MWe (equivalent to 3.3 nuclear power plants)

 

The North East

HEAT: 9,000 MWth – 4.5 million homes annual heat demand

POWER: 4,000 MWe (equivalent to 3.3 nuclear power plants)

 

The Lake District

HEAT: 8,000 MWth 4 million homes

POWER: 2,300 MWe (equivalent to 1.9 nuclear power plants)

 

Wessex Basin

HEAT: 33,000 MWth 16.5 million homes

 

Cheshire Basin

HEAT: 14,000 MWth 7 million homes

 

East of England

HEAT: 12,000 MWth 6 million homes

 

Worcester Basin

HEAT:  6,700 MWth 3.35 million homes

 

Larne Basin

HEAT: 1,000 MWth 500,000 homes

Contractors to Benefit from Olympics’ Legislation

Building and Construction contractors will be able to take pride and promote their businesses for the good work they have done in building the Olympic venue for London 2012 the day after the closing ceremony of the Olympics, Sports Minister Hugh Robertson has confirmed.

Marketing and regulation rules imposed under the London Olympic Games and Paralympic Games Act 2006 prevents contractors from publicising their contribution in the construction of the Olympic venue until 13 August 2012, the day after the closing ceremony.

Currently, contractors are banned from mentioning their names in relation to the Olympics. This measure is considered to be designed to protect the official sponsors of the Games.

Tessa Jowell, a former Olympics minister, raised the issue in Parliament this week saying that it’s vital for British contractors to be able to advertise the good work they have done, this then would help Britain’s construction sector in the future.

Labour MP Jowell said: “Those businesses that have done so well and are rightly proud of their contribution to this year Games are too tightly bound by the marketing rights protocol which is preventing them from revealing the part they have played.”

What’s your reaction to the measures taken by the government to prevent contractors mentioning their names before the end of the Olympics? Share your thoughts by leaving a comment below:

 

 

Imperial College Boosts the Building Sector with New Campus

Imperial College London is giving an extra stimulus to the building engineering sector with submitting detailed plans for its redevelopment of the former BBC site on Wood Lane in White City, west London.

The new re-development will be equipped with wide-range of facilities and multi-purpose buildings meaning that a variety of construction firms will be able to benefit from the investment.

One of the leading contactors, ISG, is building the first phase of four, 10-storey accommodation blocks for 600 students on the site. The project is scheduled to be completed in August this year.

The 87,900 square meters redevelopment will include health and biomedical research centre, building for new technology start-up businesses and a four-star hotel.

In addition to the new 1, 2, and 3 bedroom private homes, which will be built on campus, Imperial College London will be built with local convenience services – including retail, pharmacy and healthcare services.

Imperial West is a new venture brining innovative ideas and modern design together. The architects of the projects are Aukett Fitzroy Robinson and PLP Architecture. The design includes a 34-storey landmark residential tower that will rise above the West London skyline.

John Anderson, Project Director for Imperial West, said: “Imperial West will enable the College to expand upon the success of its South Kensington site to create a second, open access academic campus that provides the physical infrastructure for world-class research and teaching, leading-edge facilities for business development and technology transfer, and create an attractive environment to live and work in.”

“We have refined the designs of the residential building, the academic health building and the office building to respond positively to residents’ comments as well as to the requirements of the planning authorities and Greater London Authority”.

What is your reaction on the re-development of the former BBC site in White City? Do you think Imperial College London will create more jobs and boost the building sector with its new campus? 

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