Feb 2, 2018

Ørsted makes record profit from its Race Bank wind farm

UK
Wind
Sophie Chapman
2 min
Orsted makes profit from 580MW wind farm off Norfolk coast
The Danish wind company, Ørsted, has announced that is has noted record profits from it’s wind farm off the coast of Norfolk, UK.

The Danish wind company, Ørsted, has announced that is has noted record profits from it’s wind farm off the coast of Norfolk, UK.

The Race Bank wind farm is located 17 miles from Blakeney Point in Norfolk, and consists of 90 wind turbines.

The wind farm has now reached its full capacity of 580MW, which can create enough energy to power 500,000 homes in the UK.

“It’s a record breaking operating profit coming in at DKK22.5bn (£2.6bn). We’re now set to invest globally in offshore wind,” confirmed Henrik Poulsen, CEO of Ørsted, formerly known as DONG Energy.

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Prior to its current role in the energy sector as renewable power generator, the firm was working in the oil and gas sector.

Race Bank sent its first energy to the grid in May last year, and has been increasing its flow ever since, surpassing 1TWh.

“Ultimately our vision is to contribute to a world powered entirely by green energy, and you can’t do this from the generation side alone,” Mr Poulsen added.   

“You need the consumption-side of that equation to become more intelligent and more flexible. Whatever we can contribute to building more flexibility and intelligence we’d be happy to do that.”   

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May 13, 2021

All but two UK regions failing on school energy efficiency

schools
energyefficiency
Renewables
Dominic Ellis
2 min
Yorkshire & the Humber and the North East are the only UK regions where schools have collectively reduced how much they spend on energy per pupil

Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.

Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.

According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.

Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.

“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."

He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."

North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).

The Department for Education has issued 13 tips for reducing energy and water use in schools.

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