Pal Erik Sjatil

📣 Officially on track: We and our partner Aker Solutions have officially received the notice to proceed from our customer, RWE, on the Norfolk Vanguard West and East projects. These HVDC offshore grid connections are set to boost the UK's renewable energy capacity big time – enough to light up around four million homes. Our teams are set to deliver and install state-of-the-art platforms in 2027 and 2028, with Siemens Energy leading the charge on the onshore converter station and offshore high voltage equipment. This is one step forward for us and a leap in driving the global energy transition. By 2033, we aim to connect 33 GW globally with 38 offshore projects, and nearly 31 GW capacity in European waters alone. We are setting a global benchmark for efficiency and performance in offshore grid connections. Find out more 👉 :

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Cost of Energy report published by Energy Security & Net Zero Committee MPs call on Ofgem to tap network companies’ £4bn windfall for an ambitious new energy debt relief scheme     The call for action on consumer energy debt forms part of a series of recommendations in the first part of the Energy Security and Net Zero select committee’s report into the Cost of Energy.     In the second part of the inquiry, the committee will be looking at how costs like upgrading the grid and building new sources of energy generation are making up an increasing amount of the household bill. The Committee will be focusing on how bills might be reduced in the next phase of its Cost of Energy inquiry.     Committee chair, Bill Esterson said, “British energy consumers are £4 billion in debt, while network companies have made over £4 billion in excess profits.     “These profits have come simply from outperforming price controls, even as millions of families ration energy or go without heat.     “We’re calling on the Government to use these windfall profits to fund a lasting energy debt relief scheme, recognising the deep and enduring impact of the energy price crisis.     “But this must only be the start. Non-commodity costs like upgrading the grid and building new sources of energy generation are making up an increasing amount of the household bill. The Committee will be focusing on how bills might be reduced in the next phase of our Cost of Energy inquiry.” Full report and recommendations published here - https://lnkd.in/eAJUwfbx

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NextEnergy Capital is pleased to announce the energisation of its latest UK utility-scale solar asset, Hatherden (60MW), on behalf of NextEnergy UK I.   To date, NEUK I has rapidly deployed capital into Clean Power 2030-aligned critical energy infrastructure assets, more than doubling its total operational capacity over the last 12 months to 380MW. The Fund remains on track to achieve its 1GW target across solar PV and energy storage, contributing significantly to the UK’s renewable energy and security goals.   Ross Grier, NextEnergy Capital's Chief Investment Officer, commented: “Hatherden marks the seventh asset energised by NEUK I and demonstrates the continued momentum shown by the team at NEC. The Fund also has six assets under construction and a further six being prepared for construction. I am immensely proud of the team's achievements in deploying capital at scale and pace into the UK market and our continued contribution to energy security and decarbonisation.”   Launched in 2022, NEUK I closed at approximately £733 million, 50% above its target size, and has now allocated over 95% of its capital. The Fund benefits from a long-term contracted revenue strategy, including CfD-backed offtake agreements, ensuring stable and attractive cash yields over its 10-year life.   🔗 Read the full PR: https://lnkd.in/d93G5UN   | #UKEnergy | #SolarEnergy | #Infrastructureinvesting | #EnergyTransition | #Sustainability | #Energysecurity | #Energyindependence | #Solarspecialists | #Nextisnow |

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Viva la France! Octopus Energy Generation's Sky Fund (ORI SCSp) has invested into a further 135MWs of onshore renewables in France, including the Fund's first investment into French groundmount solar. All assets are either operational or in mid to late stage construction. The transaction builds on Sky's existing portfolio of operational and development assets in France. Big thanks to the OEGen team led by Ismaël Tougui and supported by Laura Pasini, Veronica T., Victor LONGUET, Stefano Gabella, Sam Jones, David Hastings and Matthew Fosker OEGen's Sky fund is an open ended evergreen fund, which has raised over £1.5bn from institutional investors. The fund invests into a globally diversified portfolio of renewable and energy infrastructure assets. https://lnkd.in/eYdVyXQQ

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Capacity markets play a critical role on the path to a sustainable #EnergyTransition. The concept is simple: Companies and plant operators like Terra Firma Energy in the UK can make their installed gensets available when the public grid needs additional power—such as when demand on the grid is exceptionally high or renewable resources are underperforming. Already, 500 of our mtu gas gensets are in use across the United Kingdom for this very purpose. With their latest installation in Droitwich Spa, Terra Firma Energy has now added another 5 megawatts of output to this on-demand system. When we talk about the energy transition, it’s not futuristic technologies that drive us forward. Often, the smart deployment of existing technologies—such as natural gas gensets supporting a capacity market—that can already achieve impressive results in ensuring a cleaner, more resilient energy supply today. Take a moment and check out the impressive video to learn more about Terra Firma Energy's operations in Droitwich Spa. https://ow.ly/Jpcg30sOUTb #capacityMarket #TalkToUs #mtuSolutions

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The National Wealth Fund has committed to a £600 million investment in ScottishPower to deliver 7 transmission grid upgrade projects. This forms part of a £1.35 billion financing package by several commercial banks.   This will scale up the UK’s capacity to transport clean energy from where it is generated to where it is needed, and help increase resilience and reduce constraints on the network.   Find out more: https://lnkd.in/eG8xvcjW

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