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World NewsSSE says low wind, dry conditions hit renewable energy generation

SSE says low wind, dry conditions hit renewable energy generation

A wind turbine photographed in, Camelford, Cornwall, at sundown.

Ashley Cooper | Corbis | Getty Images

Energy big SSE stated its renewable belongings produced 32% much less energy than anticipated between April 1 and Sept. 22 due to traditionally dry and low-wind conditions. This equates to 11% of its full-year output goal.

“This shortfall was driven by unfavourable weather conditions over the summer, which was one of the least windy across most of the UK and Ireland and one of the driest in SSE’s Hydro catchment areas in the last seventy years,” the Perth, Scotland-based firm stated Wednesday in a press release.

Low-wind output over the summer season has contributed to the European energy crunch, which despatched energy costs to document highs in latest days. Other components embody a colder-than-expected winter final yr, manufacturing cuts in the course of the pandemic, low imports from Russia, excessive carbon costs and rising demand from Asia for liquefied pure fuel.

SSE shouldn’t be the primary renewable energy producer to warn in regards to the monetary impacts from the summer season’s sluggish wind speeds.

In August, German utility RWE reported “much lower” wind volumes throughout its Northern and Central Europe portfolio for the primary half of 2021.

Danish energy firm Orsted made related feedback, saying “earnings from our offshore and onshore wind farms in operation were DKK 0.3 billion lower compared to the same period last year.”

“The increased generation capacity from new wind farms in operation was more than offset by significantly lower wind speeds across our portfolio,” the corporate stated in August, whereas reiterating it expects to satisfy its full-year monetary targets.

More particularly, Orsted stated that in the course of the second quarter, wind speeds averaged 7.8 meters per second, which was “significantly lower” than regular speeds of 8.6 meters per second.

Still, SSE’s administration on Wednesday emphasised that these operational points are “time limited.” Management famous that efficiency over latest months was additionally impacted by hedging necessities in risky markets.

Despite the summer season slowdown, SSE stated it “remains confident” about delivering on its monetary objectives for the total yr. The firm additionally introduced an growth into the Japanese offshore wind market.

— CNBC’s Anmar Frangoul contributed reporting.

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