UK Round 4 Offshore Wind Winners To Start Paying Option Fees With Lease Agreements Now Signed
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Crown Estate has signed Agreements for Lease for all six offshore wind projects selected in the UK’s Round 4 offshore wind seabed leasing. This enables the developers to now further progress their plans and also kicks off the period in which they will be paying annual option fees of almost GBP 900 million to The Crown Estate and HM Treasury.
The article then lists the wind farms.
- RWE’s Dogger Bank South East & West (3 GW).
- EnBW and BP’s Morgan and Mona (3 GW).
- TotalEnergies and Corio Generation’s Outer Dowsing (1.5 GW).
- Cobra and Flotation Energy’s Morecambe (480 MW).
This is just under 8 GW.
The article then goes on to show what developers will pay to the Crown Estate.
These two paragraphs explain the fees paid.
By signing the Agreements for Lease, which can be in effect for a maximum of ten years, the developers have committed to at least three years of option payments and will pay an annual option fee for each project until they are ready to enter into a lease for the seabed site.
The option payments, totalling some GBP 979 million per year, reduce as a project moves into a lease, or leases, and cease when a lease(s) for the maximum capacity/whole site is granted, at which point developers will move to paying rent.
It looks to me that developers will pay nearly a billion pounds per year for at least a minimum of three years and not more than ten years.
Once a project moves into a lease, rent will be paid.
It seems to be a very profitable occupation to own loads of empty sea!
Nucor Introduces Elcyon(TM), First Sustainable Steel Product Engineered Specifically For Offshore Wind Energy Applications
The title of this post, is the same as that of this press release from Nucor Corporation.
This is the first paragraph.
Nucor today introduced Elcyon™, the Company’s new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America’s offshore wind energy producers building the green economy and its necessary infrastructure. Nucor will manufacture Elcyon at the company’s new, $1.7 billion state-of-the-art Nucor Brandenburg steel mill in Kentucky , which produced its first steel plate at the end of December 2022.
It sounds impressive, but it should be if $1.7 billion has been spent.
This paragraph, says more about the process.
Elcyon is a clean, advanced steel product made using Nucor’s recycled scrap-based electric arc furnace manufacturing process. Nucor’s circular steelmaking route has a greenhouse gas emissions intensity that is one fifth the global blast furnace extractive steelmaking average, based on Scope 1 and 2 emissions. Utilizing Thermo-Mechanical Controlled Processing (TMCP) at the new mill, Elcyon, the only steel of its kind in the United States was created specifically to meet the rigorous quality standards of offshore wind energy designers, manufacturers and fabricators. Along with meeting Euronorm specs, Elcyon is characterized by larger plate dimensions, improved weldability and excellent fracture toughness, as compared to competing products.
What more can a steelmaker want?
- It uses steel scrap to make new steel.
- The process could be powered by green electricity.
- The process cuts emissions to twenty per cent.
- The steel is what customers want.
- The steel has better properties than competing products.
These two paragraphs talk about the prospects for Elcyon.
Nucor Steel Brandenburg is the first steel plant in the world to pursue certification under LEED v4 from the U.S. Green Building Council, the highest standard for sustainable building design, construction, and operation. The new mill is located in the middle of the largest steel plate-consuming region in the country and will be able to produce 97% of plate products consumed domestically, with a potential output of 1.2 million tons of steel annually.
Elcyon and the Brandenburg mill both draw upon Nucor’s 50 years of industry leadership in sustainable steel production. From last year’s launch of Econiq™, the world’s first net-zero steel available at scale, to recently becoming the first major industrial company to join the United Nations 24/7 Carbon-Free Energy Global Compact, Nucor has consistently worked to meet the needs of its customers and other stakeholders while protecting the well-being of our planet.
Nucor have certainly done their market research and appear to be very scientifically green.
In the About Nucor section of the press release, this is the last sentence.
Nucor is North America’s largest recycler.
This is some statement to make, if it weren’t true! Wikipedia says this about the company.
Nucor operates 23 scrap-based steel production mills. In 2019, the company produced and sold approximately 18.6 million tons of steel and recycled 17.8 million tons of scrap.
The home page of the Nucor web site also makes this claim.
North America’s Most Sustainable Steel And Steel Products Company
Perhaps, the UK government needs to ask Nucor to build one or more of their scrap-based steel production mills in the country to produce all the steel plate we will need for our growing offshore wind industry.
We certainly have the GW to power the arc furnaces.
Conclusion
Nucor is a big beast to watch!
Levelling Up Funding Will Double Train Services To Belmont In Surrey
The title of this post, is the same as that of this article on Rail Advent.
This project is outlined in these three paragraphs in the article.
An award of £14.1 million to Sutton Council from the government’s Levelling Up Fund will unlock the full potential of the London Cancer Hub and allow the number of trains running to the village of Belmont in South London to be doubled.
The London Cancer Hub is a world-leading life sciences campus that is being developed at Belmont in Surrey, and which will create 13,000 jobs and £1.2 billion each year for the UK economy.
Until now, Belmont has been poorly served by public transport and the money will enable its train services to be doubled to four trains an hour, and extra direct services from Belmont to London Victoria.
This document from Sutton Council gives more details in this paragraph.
This bid will double train frequency between Belmont and London Victoria from 2 to 4 trains per hour by building a siding turnback south of Belmont Station. It will improve accessibility at the station and provide better routes for people walking and cycling to the station from the nearby area and The London Cancer Hub. As a result, public transport accessibility will improve and active travel will increase.
This map from CartoMetro shows the current track layout at Belmont station.
Note.
- The Epsom Downs branch used to be double track, with a second platform at Belmont station.
- There used to be a cross-over South of the station.
I suspect a length of the other track will be reinstated, with a cross-over the other way round to create the turnback siding.
This will allow two extra trains per hour to run between London and Belmont, that will turn back at Belmont.
In Could Third-Rail Tram-Trains Work The Epsom Downs Branch?, I walked up the hill to the Royal Marsden Hospital and it wasn’t an easy walk, as these pictures show.
Perhaps all trains should be met by a zero-carbon shuttle bus.
Going to a cancer hospital is not a pleasurable experience, especially for a child, so why not liven it up a bit with a ride in the best zero-carbon bus, that can be found?
Toyota Unveils AE86 Hydrogen Car Concept
The title of this post, is the same as that of this article on Hydrogen Fuel News.
The article is all about Toyota showing off, what they can do with hydrogen internal combustion engines.
It is an article that is very much worth a read.
This paragraph explains the work Toyota did to run the car on hydrogen.
Toyota explained that to create its new H2 burning internal combustion engine vehicle involved changing only “fuel injectors, fuel pipes, and spark plugs,” to make it possible to burn cleanly.
The article also suggests that conversion kits may be made available for older cars.
Hydrogen power is not one technology, but several that all might end up with sizeable shares of the market.
Landmark Levelling Up Fund To Spark Transformational Change Across The UK
The title of this post, is the same as that of this press release from the UK Government.
These are the four bullet points.
- More than 100 projects awarded share of £2.1 billion from Round 2 of government’s flagship Levelling Up Fund.
- Projects will benefit millions of people across England, Scotland, Wales and Northern Ireland and create jobs and boost economic growth.
- £672 million to develop better transport links, £821 million to kick-start community regeneration and £594 million to restore local heritage sites.
- Successful bids include Eden Project North in Morecambe, a new AI campus in Blackpool, regeneration in Gateshead, and rail improvements in Cornwall
The press release expands the last bullet point.
Projects awarded Levelling Up Fund money today include:
Eden Project North
Eden Project North will receive £50 million to transform a derelict site on Morecambe’s seafront into a world class visitor attraction. It will also kick-start regeneration more widely in Morecambe, creating jobs, supporting tourism and encouraging investment in the seaside town.
Note.
- Because of its closeness to the West Coast Main Line, it will have excellent rail connections to all over the North of England and Central and Southern Scotland, through Lancaster, which will only be a shuttle train away.
- One of High Speed Two’s direct destinations will be Lancaster, which will be served by High Speed Two by hourly trains to Birmingham, Carlisle, Crewe, London, Preston, Warrington and Wigan and by two-hourly trains to Edinburgh, Glasgow, Lockerbie and Motherwell.
- London and Lancaster will be a journey of just two hours and three minutes.
I believe that this high quality rail access will ensure the success of the Eden Project North.
Cardiff Crossrail
Cardiff Crossrail has been allocated £50 million from the fund to improve the journey to and from the city and raise the economic performance of the wider region.
The Cardiff Crossrail is obviously a good project from the little that I’ve read about it. But it does need a web site to explain the reasoning behind it.
Blackpool Multiversity
Blackpool Council and Wyre Council will receive £40 million to deliver a new Multiversity, a carbon-neutral, education campus in Blackpool’s Talbot Gateway Central Business District. This historic funding allows Blackpool and The Fylde College to replace their ageing out-of-town centre facilities with world-class state-of-the-art ones in the heart of the town centre. The Multiversity will promote higher-level skills, including automation and artificial intelligence, helping young people secure jobs of the future.
Blackpool certainly needs something.
My suggestion in Blackpool Needs A Diamond, was to build a second Diamond Light Source in the North to complement the successful facility at Harwell.
I don’t think the two proposals are incompatible.
Fair Isle Ferry
Nearly £27 million has been guaranteed for a new roll-on, roll-off ferry for Fair Isle in the Shetland Islands. The service is a lifeline for the island, supporting its residents, visitors and supply chains, and without its replacement the community will become further isolated.
Note.
- Will it be a British-built ferry?
- Will it be hydrogen-powered? After all by the time it is built, the Northern Scottish islands will be providing enough of the gas to power a quarter of Germany.
- Surely, a hydrogen-powered roll-on, roll-off ferry will be a tourist attraction in its own right.
I hope the Government and the islanders have a good ship-yard lined up
Gateshead Quays And The Sage
A total of £20 million is going towards the regeneration of Gateshead Quays and the Sage, which will include a new arena, exhibition centre, hotels, and other hospitality. The development will attract nearly 800,000 visitors a year and will create more than 1,150 new jobs.
I don’t know much about the Sage, but this project seems very reasonable.
Mid-Cornwall Metro
A £50 million grant will help create a new direct train service, linking 4 of Cornwall’s largest urban areas: Newquay, St Austell, Truro, and Falmouth/Penryn. This will level up access to jobs, skills, education, and amenities in one of the most economically disadvantaged areas in the UK.
I wrote about this scheme in The Proposed Mid-Cornwall Metro, where I came to this conclusion.
I believe that a small fleet of Hitachi Regional Battery Trains could create an iconic Metro for Cornwall, that would appeal to both visitors and tourists alike.
Judging by the recent success of reopening the Dartmoor Railway to Okehampton in Devon, I think this scheme could be a big success. But it must be zero-carbon!
Female Changing Rooms For Northern Ireland Rugby
There is £5.1 million to build new female changing rooms in 20 rugby clubs across Northern Ireland.
Given the popularity of the female version of the sport in England, Scotland and Wales, perhaps this is a sensible way to level it up in Northern Ireland. As rugby is an all-Ireland sport, perhaps the Irish have already sorted the South?
The Anonymous Widower 