SSE says low wind, dry conditions hit renewable energy generation
A wind turbine photographed in, Camelford, Cornwall, at sundown.
Ashley Cooper | Corbis | Getty Photographs
Power big SSE mentioned its renewable belongings produced 32% much less energy than anticipated between April 1 and Sept. 22 because of traditionally dry and low-wind circumstances. This equates to 11% of its full-year output goal.
“This shortfall was pushed by unfavourable climate circumstances over the summer season, which was one of many least windy throughout a lot of the UK and Eire and one of many driest in SSE’s Hydro catchment areas within the final seventy years,” the Perth, Scotland-based firm mentioned Wednesday in an announcement.
Low-wind output over the summer season has contributed to the European power crunch, which despatched energy costs to report highs in current days. Different components embody a colder-than-expected winter final 12 months, 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 will not be the primary renewable power producer to warn in regards to the monetary impacts from the summer season’s gradual 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 power firm Orsted made comparable feedback, saying “earnings from our offshore and onshore wind farms in operation have been DKK 0.3 billion decrease in comparison with the identical interval final 12 months.”
“The elevated technology capability from new wind farms in operation was greater than offset by considerably decrease wind speeds throughout our portfolio,” the corporate mentioned in August, whereas reiterating it expects to satisfy its full-year monetary targets.
Extra particularly, Orsted mentioned that in the course of the second quarter, wind speeds averaged 7.8 meters per second, which was “considerably decrease” than regular speeds of 8.6 meters per second.
Nonetheless, SSE’s administration on Wednesday emphasised that these operational points are “time restricted.” Administration famous that efficiency over current months was additionally impacted by hedging necessities in unstable markets.
Regardless of the summer season slowdown, SSE mentioned it “stays assured” about delivering on its monetary objectives for the total 12 months. The corporate additionally introduced an growth into the Japanese offshore wind market.
— CNBC’s Anmar Frangoul contributed reporting.