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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

PM speech on green targets: the industry responds

by New Power • September 20, 2023

Dan McGrail, Chief Executive, RenewableUK: “The Prime Minister is right in saying the UK should embrace the huge economic opportunities in green industries like offshore wind and create well-paid jobs by making the UK the best place to invest in…

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News

Lazard Asset Management takes stake in rooftop solar company

by New Power • September 20, 2023

Rooftop solar developer and owner Shawton Energy has seen a change in ownership. Iona Capital, the UK low carbon sustainable fund manager, has sold its interest in the company to a fund sponsored by Lazard Asset Management. As a result…

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News

Electron raises £4M to expand ElectronConnect platform

by New Power • September 20, 2023

Electron, which provides the ElectronConnect software for flexibility and distributed electricity, has raised £4 million to expand in the UK, Europe, and North America. The investment round was led by East Innovate, with participation from Riverstone, Nesta, and One Planet…

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News

Government invites infrastructure investors with a history of delivery to take equity in Sizewell C

by New Power • September 18, 2023

The government and Sizewell C Limited have opened a pre-qualification process for potential investors – the first stage of a planned equity raise process for the proposed new nuclear project adjacent to Sizewell B. It is hoping to find co-investors…

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News

Government seeks views on ‘temporary’ hydrogen blending but accepts it will be in shrinking gas distribution network

by New Power • September 18, 2023

The government has begun a consultation on blending hydrogen into the existing gas distribution network. DESNZ described the option as ‘transitional’ because it relies on an extensive natural gas network being available, but the network “will reduce as we progress…

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News

Downing takes AI approach to boost performance at solar farms

by New Power • September 18, 2023

Downing Renewables & Infrastructure Trust (Dore), which in April acquired a £12.6 million, 13.0 MWp portfolio of two ground-mounted PV sites and 1,600 commercial and residential PV installations, is working to improve returns and extend the expected lifetime of its…

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News

HS1 planning renewables CPPAs for its power needs

by New Power • September 18, 2023

Train operator High Speed 1 is planning to use sleeved trades from renewables corporate power purchase agreements for the majority of its baseload power. The company is now procuring an electricity supply contract for the five years from 1 April…

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News

Cambridgeshire waste company plans ‘urgent’ solar/storage project for EV fleet to bypass grid limits

by New Power • September 17, 2023

A waste company in Cambridgeshire aims to bypass a lack of electricity network capacity that could delay a switch to electric vehicles by developing on-site solar and battery facilities. It is seeking a developer to deliver the ‘urgent’ project by…

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News

Foresight to dispose of 200MW of solar PV portfolio

by New Power • September 14, 2023

Foresight Solar has begun a divestment programme for around 200MWp of solar PV projects. Proceeds from the sale will be used to reduce debt and recycle capital into yield-accretive opportunities. Commenting on the company’s results, Alexander Ohlsson, Chairman of Foresight…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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