April 8 Energy News
World:
¶ Britain will have too much electricity this summer due to the growth in wind and solar farms, National Grid has forecast. It could be forced to issue orders to power plants to switch off. Businesses will also be paid to shift their power demand to times when there is surplus electricity. [Telegraph.co.uk]
National Grid said it was likely to have to pay wind farms to switch off at times of low power demand. Credit: Charlotte Graham/Rex
¶ Mercom Capital Group reported that corporate funding for the global solar sector has dropped to $2.8 billion in the first quarter of 2016, compared to $6.9 billion in the previous quarter. Residential and commercial solar funds for lease and Power Purchase Agreements remained strong. [CleanTechnica]
¶ Uruguay reduced power generation costs by 52% between 2013 and this year, saving $500 million at a time when demand for…
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