Member Info for noisyboy9

Raz Blanchard as well

https://renewablesandchp.ofgem.gov.uk/Public/ReportViewer.aspx?ReportPath=/DatawarehouseReports/CertificatesExternalPublicDataWarehouse&ReportVisibility=1&ReportCategory=2

Uptick in generated Electricity in April with 2nd turbine installed - 3306 ROC or 661MWh

For calculation purposes each turbine seems to do about 0.375GWH per month at the moment. If they got all 4 back by FY 2023, Site should do about 18GWH per year

From Meygen annual report (you can find on companies house)
FY 2021 the site produced 4.6GWH for £1.62 Million, Operating expenses were £5.06M.

I reckon they could do about 7.5GWH in FY2022 taking into account the second turbine that was redeployed in March , If they managed to get the third one back underwater in Q4 then maybe 9 or 10 GWH

It's an expensive business, The Heavy lift ship required on it's own is probably about 7 days hire @ circa £50k a day

They only have 2 turbines operational at the moment, not 6
I am watching the monthly MW output figures but there is a lag in the data

Asleep at the wheel. As usual

https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-4-results

SIMEC have got a slice of the pie

Presume we are expecting Final Results for 2021 on June 30th? Think that is the latest they can legally release it

It’s the only source I could find and took quite a bit of digging, I agree that in this day and age should be instantaneous. Will be interesting to see if there is an uptick in the May figures if the third turbine has gone in.

That's Glaxo not GKP!

Delayed output figures for site in March released, Site produced 507 MWh or 2539 ROC's. Compared to 340MWh in Jan and 247MWh in Feb. Second turbine kicking in during March

Have a look at companies house at "Uskmouth Energy Storage Ltd"

The ship "North Sea Giant" was on site in early May with the third turbine and a guy on here called Shinvest seemed to have done a little field trip to see it , I did see some pictures of it being deployed on Discord. However it has all been quiet since and there has been no RNS. I do notice that a heavy lift ship "Normand Superior" is now on it's way to Nigg from Norway so perhaps there was a problem and they are trying again.

Yes, same here. Interesting!

In the last clip they are definitely on the North Sea Giant (White Crane). The marine research guy saying everything had gone to plan but a Turbine appears to be in the background. Could have filmed it on the way up though I guess!

I think we must be on the longest timeline scenario as is says the Appeal process has been completed on 12th May, which corresponds to the longest timeline on the scenario sheet. So perhaps will be 8th July for final notification

That does actually sound more Plausible, There isn’t much reliable pricing info on the ROC system if I’m honest so I’m just thinking out loud. The other fact is that they only own circa 78% of Meygen so need to take that into account

Carrying on with the same line of thought. Meygen produced roughly 11,120MWh in FY 2020 and the income was £3.19M (This includes the ROC payments according to annual report) so this is roughly £286 per MwH including the ROCS
With the third turbine I would pencil in around 10,000MWh for FY2022 (Adding 2nd turbine in April and 3rd in May)
With the wholesale prices now some 4 times greater that FY2020 could this mean £11.4M income? (£286 x 4 x 10000)

A ROC is a Renewable Obligation Certificate. It varies, but for this site each 0.2MW produced gets 1 ROC Certificate (Different multiplier for each renewable technology). It's a complicated structure but as far as I can tell the company gets paid for each ROC on top of the wholesale energy price. If they get the three turbines running they should be nearer 1000MWh and 5000 ROCs. I agree somewhat a drop in the ocean with the debt interest but interesting none the less

The peak output of the site was around 1300MWh in Mid 2019. I guess this was all 4 turbines in operation