Water utility United Utilities has announced the sale of its renewable energy business, United Utilities Renewable Energy Limited to SDCL Energy Efficiency Income Trust plc approximately £100 million enterprise value. UURE comprises 69MW of renewable generation assets across 70 sites,…
Author Archive for New Power
Interconnector ‘cap and floor’ application window opens 1 September
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Ofgem will open an application window on 1 September for new interconnectors between the GB network and other countries to be financed under a ‘cap and floor’ regime, it has announced. The application window will close on 31 October. Alongside,…
From the New Power archive: Long hot summer? How power assets are affected as ambient temperatures rise
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Few of us are at their most efficient when the temperature rises. Just as human beings can find it harder to get to grips with their activities on a hot day, the efficiency of many electrical assets changes with the…
Offshore wind price continues to fall in CfD allocation Round 4
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The fourth round of the Contracts for Difference (CfD) scheme has secured almost 11GW across a 93 projects representing a range of technologies, including offshore wind, solar, onshore wind, floating offshore wind and tidal stream. Almost 7GW has been secured…
Ovo sets aside £1M to offer premium REGO price for new renewables projects
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Energy supplier Ovo is to commit £1 million to offer premium power purchase agreements (PPAs) to renewable generators who are not eligible to receive subsidies through any government or industry backed schemes. The company aims to help incentivise more small-scale,…
UKPN calls out to property owners and organisations in bid to plan for local decarbonisation
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Property owners will be helped to plan their low carbon journey, in a new venture being launched by UK Power Networks. The company wants to help identify common challenges for organisations who expect to install measures like PV or electric…
Crown Estate identifies five areas to house 4GW of floating wind in Celtic Sea – tender planned for mid 2023
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The Crown Estate has identified five broad ‘Areas of Search’ for the development of floating offshore wind in the Celtic Sea. It aims to offer project areas to the market by a competitive tender in mid 2023 to deliver 4GW…
Corby to trial local energy market
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A new trial in Corby will use a new digital technology to allow local businesses and domestic properties to trade electricity. The project is being carried out jointly by Sitigrid and Electric Places, part of a not-for-profit Community Interest Company…
Gas engine at Pyebridge sees five-fold increase in achieved price
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A gas engine project in Derbyshire sold power in the three months to end May this year at five times the average sales price a year before, according to its owner, Mast Energy Developments (MED). MED acquired the Pyebridge project,…
MPs debate planning restrictions for solar farms, suggest they must be invisible
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Are solar farms and battery arrays in danger of suffering a de facto moratorium, like that which dramatically slowed the rollout of onshore wind? Speakers at a Westminster Hall debate on 5 June praised the wind farm restrictions and suggested…