Ovo Energy’s SSE acquisition gets CMA green light

The Competition and Markets Authority has cleared Ovo Energy’s £500 million acquisition of SSE SSE Energy Services. The acquisition, which includes energy and home services customers, will  make Ovo the UK’s second largest energy supplier. CMA was required to consider whether it ”may…

Japanese buy-in to boost Igloo Energy

Osaka Gas has taken a minority stake in new energy supplier Igloo Energy, with a strategic investment of up to £20 million  in the company. Igloo said the investmentwill accelerate growth. It will also fast-track the development of Igloo’s  home services arm,…

German offshore wind farm atrracts new investors

London-listed renewable energy infrastructure investment company Renewables Infrastructure Group (TRIG) is to acquire 36% equity interest in Merkur Offshore, a 396MW offshore wind farm located in the German North Sea. At completion, (expected in H1 2020), TRIG will sell-down a share to minority co-investors managed by…

Northern Powergrid trials low-loss transformer

Northern Powergrid is to trial five transformers with far lower energy losses than the technology currently used. The  ’super low loss’ ground-mounted amorphous transformers (AMTs) are expected to reduce core losses by up to 90%, compared to the older ground-mounted…

SmartestEnergy acquires NHH supply specialist

SmartestEnergy has acquired small business energy supplier Dual Energy, a company it had provided with wholesale market access services since Dual started up nine years ago.  SmartestEnergy said the acquisition would complement its existing I&C electricity supply business, adding smaller…

EC grants €530M for Celtic Interconnector

A €530.7 million grant for the construction phase of the 700MW Celtic Interconnector Project has been formally signed. The Celtic Interconnector is an EU Project of Common Interest (PCI) which will provide the first electricity interconnection between Ireland and France. The total…