Greencoat Uk Wind Share Discussion Threads

[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.

[tartshagger] 07/9/2022 10:41

I would not disagree with any of that. Since Gordon Brown lost the 2010 election and the Conservatives abandoned his fiscal rules (no borrowing except for investment) the national debt has risen from GBP1.6trillion to GBP2.7trillion today. Sunak printed more fiat money than any chancellor in history.We all know that printing money is a recipe for hyper-inflation. Remember Zimbabwe? Venezuela? Weimar Germany? That is what is going to befall the UK as Truss tries to spend her way out off the energy crisis by printing at least another GBP120billion - which will be the biggest subsidy the fossil fuel industry has ever had

[apollocreed1] 07/9/2022 10:04

The above debate about reasons for the energy shortage seems to overlook the fact that price rises are caused by an inflating money supply. The entire world has printed trillions of all forms of currency. None of this newly created currency creates more supply of energy, it just creates demand as more money chases the same or less supply than was previously available.

Do you realise that in Switzerland, where money printing was on a much smaller scale due to the fact that they have real cash saved for a rainy day, CPI is only about 2.9% and they have raised domestic energy prices by no more than 27% this entire year? Their currency has strengthened and therefore cushioned the rising costs.

Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” So the blame must be directed primarily to the Central Banks and the governments that control them (there is no such thing as central bank independence).

[tartshagger] 07/9/2022 09:33

Just because you dislike criticism of your favourite political party, it is undeniable that we have sleepwalked into the worst energy crisis since the Germans were sinking our oil tankers during WW2. Truss has just appointed the extreme far right MP Rees-Mogg as energy minister. Some of his i ll informed statements are "onshore wind farms represent a medieval technology and they should be pulled down and replaced with fracking rigs" and "intermittent renewable energy is the cause of the current high prices for gas and once we get rid of the wind farms and replace them with more gas electricity generation energy prices will go back down" and lastly " there is no scientific basis for alleging we are experiencing a climate emergency and if it was not gor a deranged Swedish teenager nobody would be worried about it

[bothdavis] 06/9/2022 15:58

If you look at the news, I agree we do not import from Russia, but.....the wholesale price of oil and gas ACROSS THE WORLD, is based on a spot price.

This has risen dramatically due to the conflict, the price would have gone up regardless of who was in power.

You cannot make a rant about a worldwide problem specific to one political party.

[tartshagger] 06/9/2022 15:45

Look, we do not import oil or gas from Russia. 50% of our gas still comes from the N Sea, the rest comes from Norway and Qatar. There is NO SHORTAGE of energy here, the lights have stayed on throughout this crisis. It is the FOSSIL FUEL CARTEL who have forced the huge price rise on usThe real failure is 12 years of Tory misrule and Kwateng's abject failure to secure reasonably priced energy for the winter

[bothdavis] 06/9/2022 14:23

Hmmmm......so the war in Ukraine with the subsequent sanctions against Russia, the 'closing ' of the pipelines into Europe, thus causing a oil and gas shortage across Europe. Have nothing to do with rising prices!! Where have you been!

If you want to blame anyone, blame Putin.......

[tartshagger] 06/9/2022 12:54

WRONG - what has got us into this mess us the fossil fuel industry ramping up the price of energy 5 fold. And Kwarteng's refusal to impose a stonking windfall profits tax and use the money to stop the pensioners from freezing to death this winter

[marktime1231] 06/9/2022 12:06

Yes, thanks rik shaw and 77, that was my point about simply handing out cash rebates. It stokes inflation rather than dampens it, with consequence on the cost of government debt. (And please can we stick to the topic here which is really interesting, fast moving and highly relevant to UKW fortunes)

The press now describing an energy crisis response based on the government guaranteeing loans to allow suppliers to freeze retail prices at the current cap, in exchange for higher average prices in future. Does that cover business as well as households? Will OFGEM be interfering in the interest rates which can be charged on the gearing, previously obstructing investment by reducing the rate of return allowable from 6% to 4.5%; or could we just do away with them before they do any more damage.

Assuming this is low credit-risk eg unlikely for any more suppliers to go bust, well not the big ones like Centrica, almost no direct cost to the taxpayer. But it requires commercial lenders to stump up the loans which will have to be tens of billions. Who and how ... perhaps the government doing co-lateral deals with banks and insurers to ease the bank levy and solvency requirements, step forward LLOY and LGEN etc.

It solves the part of the price problem which is not solved by tieing up renewables on 15-year AR4 deals. Or at least it buys time for a solution to the global gas supply problems. Or it could ... let's hear the details.

[a0002577] 06/9/2022 10:26

it's s probably worth reading this paper from the Commons Library as it is the one that most MPs that can read will use