Greencoat Uk Wind Share Discussion Threads

[c3479z] 23/9/2022 11:38

592

you're obviously here to make your political points, not the place so have to filter you out , I'm afraid, seems to me that you are ignoring the fact that, for the time being we are dependent on fossil fuel for baseload generation in the absence of sufficient nuclear to do the job....

[c3479z] 22/9/2022 16:13

re post 588, 590

facts are that we have to remain dependent, whether you approve or not, in the short term on fossil fuels for baseload generation, since renewables do not generate when the wind isn't blowing and in particularly gloomy or dark conditions, and nuclear is not capable at present of generating sufficient baseload.
do not believe the government is particularly right wing if they espouse tory values of reducing the tax burden, which is at a record post-war high, especially the onerous income tax situation wherein 1% of the population pays 29% of income tax, 5% pays over 40% and pernicious despised inheritance taxes levied on capital already taxed once,such policies would be not right wing at all IMV.
do agree that onshore wind, as the cheapest and quickest to be instituted form of generation should be encouraged and the grid should be enhanced.

[tartshagger] 22/9/2022 07:37

The government's announcement that the earthquake limits regarding fracking for shale gas will be 'reviewed' has been met with absolute dismay in Lancashire, Dorset, the National Parks and in Berkshire, areas that sit on shale. The new Energy Minister is subject to successfull lobbying by the fossil fuel cartel and hates renewables with the usual extreme far-right political conviction. He is on record as stating that onshore wind turbines represent a 'medieval' windmill technology and should be pulled down and replaced with modern fracking rigs. Oh dear....

[11_percent] 20/9/2022 11:24

He is clearly influenced by the fossil fuel lobby and should declare his substantial offshore shareholdings in Shell, BP, Connoco, Exxon, Gazprom, Lukoil etc.

=====

He could be just applying basic economics.

[topvest] 18/9/2022 08:41

Aren't a lot of the assets pre-CfD though - i.e. merchant plants with a floating power price based on the market price? I believe that Greencoat has the highest merchant plant mix from an interview I heard the other day. The government is trying to agree new pricing with the industry - a potential win win situation for wind farms and consumers. Long-term stable pricing at a good price (albeit much lower than the gas price) leads to better prices for the consumer, incentives for renewable companies to build which will help the UK lower the gas mix, lower WACCs and higher valuations.

Personally, I am looking at installing solar panels if I don't need planning permission. The payback now looks like <10 years, so its over my 10% target investment return. It seems unbelievable that the Government isn't trying to push solar as it could reduce domestic electricity consumption by up to 50%. Also solar power can obviously can be used to charged electric vehicles, if you have one (rather than driving around in what is essentially a "gas powered" electric vehicle for anyone that understands how electricity is generated).

[tartshagger] 15/9/2022 14:47

There is a lot of guff and misinformation being spouted about renewables and the CfD regime, so here are the facts. The CfD regime is based around the "strike price" where a renewable electricity producer wins an auction to build a renewable resource based on a guaranteed price for the electricity produced. If the spot market price is below the strike price for electricity the Treasury tops up the difference - but in return for this "subsidy" if the spot price is above the strike price, the Treasury trousers the difference. For example at the 2019 auction the winning strike price was GBP39.65/MWh. After the new October price cap the spot price for electricity will be roughly GBP550/MWh. The Treasury is making a of of money out of offshure wind, onshore wind and solar. Kwarteng is being completely disengenous in demanding that the renewable industry's "excess profits" need a windfall profits tax as the Treasury is already taking huge sums out from the industry

[tartshagger] 15/9/2022 13:03

Any subsidy used to help renewable energy producers get "off the ground" as you put it pales into significance when compared to the £150 BILLION subsidy just given directly to the fossil fuel cartel operating here in the UK. Politicians of the extreme far right hate renewable producers because they harvest FREE wind energy and FREE solar energy. The fossil fuel lobby is very powerful and has penetrated to the heart of the UK government. The quickest and cheapest way to secure our future energy needs is to rapidly build onshore and offshore wind and large solar parks. Investment in grid sized energy storage and green hydrogen should be next but Kwarteng has just cancelled government support in favour of paying huge sums of taxpayers money directly to the oil and gas cartels

[apollocreed1] 15/9/2022 11:10

@Tartshagger - I see your point, but there is also an argument from government that taxpayer subsidies were used to encourage renewable investment and to provide an acceptable return to the private capital that was attracted in.

So renewable companies were intended to provide a 6-8% annual return.
They don't think its fair that these large increases in NAV should be accrued to the investors who could only have got off the ground with the taxpayer help.

[tartshagger] 15/9/2022 08:30

Ah apologies for the double post - shouldn't use mobile phones on trains going through tunnels

[tartshagger] 15/9/2022 08:27

Let’s put this into perspective. The people making HUGE windfall profits are the oil and gas majors - GBPbillions and billions. In 2021 solar and wind generated ~27% of UK electricity demand. Saving us GBPbillions and billions having to IMPORT fossil fuels when wind and solar harvest FREE energy. Why are you invested here and not BP. Shelll etc?

[tartshagger] 15/9/2022 08:23

Let's put this into perspective. The people making HUGE windfall profits are the oil and gas majors - billions and billions. The fossil fuel cartel hates renewables - especially EV's and regards renewable energy as an existential threat to their business model and profits. Kwarteng should put an immediate windfall tax where it belongs instead of trying to move the goalposts and try to destroy the highly successful renewables industry.In 2021 solar and wind generated ~27% of UK electricity demand. Saving us GBPbillions and billions having to IMPORT fossil fuels when wind and solar harvest FREE energy.

[apollocreed1] 14/9/2022 23:24

However, von der Leyen's speech suggested that the bloc is still likely to proceed with a windfall tax on oil and gas producers, as well as with a mechanism to break the link between gas and electricity prices. The role of gas-fired generation in setting the marginal price for electricity has led to producers with low operating costs, such as nuclear, hydro and renewable generators, making huge profits due to market arrangements which entitle them to receive the same price as gas-fired generators. 

"Europe Gas Prices Rise as EU Drops Russian Cap Plan"

hxxps://uk.investing.com/news/commodities-news/europe-gas-prices-rise-as-eu-drops-russian-cap-plan-2750967

[marktime1231] 09/9/2022 13:29

Given the nightmares of trying to deliver new nuclear eg Flammanville 3, Hinkley Point C, Sizewell C, New Wylfa, plus the horrendous safety and maintenance issues in existing UK and French nuclear reactors, etc etc etc, I hope Lilley is not including my money in the "we would be interested".

[ammons] 08/9/2022 19:04

OK Tarts. Keep dreaming.

[zho] 08/9/2022 18:03

Greencoat Capital partner Stephen Lilley has reiterated his company’s interest in launching a nuclear fund and expressed ambition to expand into hydrogen, which he said was essential for the UK’s decarbonisation efforts.

Lilley, co-manager of the £3.8bn Greencoat UK Wind (UKW) investment company, told investors at the Stifel renewable energy investment conference, ‘Yes, we would be interested in doing nuclear.’....

[tartshagger] 08/9/2022 14:34

The fastest and cheapest way to secure the uk energy supply is to rapidly build new wind and solar. It's easy to be seduced by politicians with a pro-fossil fuel agenda but clearly, the GBP150 billion announced today in support for households amounts to a mega ginormous subsidy to the oil and gas majors which will immediately be paid out to shareholders, bonuses to the directors and share buybacks. What will happen now is that they will immediately bang the price up another couple of hundred GBP per therm and get even more out of the taxpayer. The only way to stop this merry-go-round is to impose a huge windfall profits tax on them. Instead, Truss, Kwarteng sand Rees-Mogg have chosen to apply the windfall tax on the renewables industry in a blatant attempt to kill it off.

[tartshagger] 08/9/2022 14:26

Stupid boy. Morocco is a stable monarchy rapidly developing its own renewable industries. XLinks have bought 1500km2 of Sahara desert and will construct 7GWh of solar and 5GWh of wind. They will also build the largest HVDC cable plant in Europe and have all planning permissions plus finance in hand.You need to understand that the fossil fuel industry sees renewables as an existential threat to their business model. Truss was a director of Shell before she went into politics and Kwarteng has huge offshore shareholdings in BP, Exxon, Conocco, She'll etc. The announcement today will do nothing to secure our energy supply - it will take 25 years to bring any new n sea gas online

[ammons] 08/9/2022 14:01

Tarts, one of the issues in UK is energy security. How does a solar power plant in a third world country like Morrocco contribute to that? Morocco has its own energy crisis and civil unrest because of it. Build a plant there and send the benefit to the UK? Try again.

[tartshagger] 08/9/2022 13:20

www.xlinks.co

[tartshagger] 08/9/2022 13:18

I was impressed with the XLinks plan to build a huge solar plant in the Morocco Sahara desert and use HVDC cable to pipe the juice directly to the UK. Their plan includes building a massive HVDC cable factory in Scotland and they have raised City finance. One of the conditions of the finance is that all planning proposals are approved - including forward-selling the output. We must wait and see whether Truss' proposed "energy review" masquerading as a windfall profits tax on renewables will affect this project. Don't forget Truss was once a director of Shellwww.xlinks.coThe XLinks phase 1 plan will provide roughly 12% of baseline green electricity for the UK and will connect us to the proposed European HVDC network.

[marktime1231] 08/9/2022 11:52

Interesting, and a little disappointing how slowly intermittent renewable power generators are working out how important it is to be able to store energy for delivery during peak demand periods.

It has always been obvious for solar, gathering it through the day for release during the 5-9pm evening peak. NESF, my choice in the solar sector, is beginning to retrofit battery storage to some of its solar farms. GRID is realising the value of longer storage duration, upping from 1 to 2 to maybe 4 hours in future.

To a lesser extent wind coupled with battery storage would allow a reserve to be accumulated for the 7-10am morning peak.

The market will transform again, when someone with huge vision and capital works out how to turn the millions of grid-connected workplaces homes and EVs in to a distributed multi-gigawatt battery. Virtual energy storage systems will be the new buzz. Obliging those of us who sign up to import during a windy night and obliging us to export back say 10% of capacity at peak times.

[yump] 08/9/2022 11:17

Tartshagger

You’ve done what the ignorant do: assume that someone who criticises one party or view must be in the “other” camp.

[igoe104] 08/9/2022 08:23

Interesting to see trig investing into more battery storage facilities.