With just over five weeks to go before closure of its attempt to acquire Good Energy, Ecotricity has so far received acceptances of its offer for shares representing approximately 1.8 per cent of Good Energy’s issued ordinary share capital, Ecotriicty…
Author Archive for New Power
Energy efficiency fund to raise £175M in new share offering
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SDCL Energy Efficiency Income Trust has announced a share offering to raise £175 million, saying it has identified an extensive pipeline of investment opportunities with a value of over £600 million. Jonathan Maxwell, chief executive of SEEIT investment manager Sustainable…
EDF exits UK gas generation as it completes West Burton B disposal
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Institutional investor EIG has completed its acquisition of EDF’s West Burton B power station in Nottinghamshire. The acquisition was announced in April and sees EDF dispose of its only UK gas-fired power station, and will see EIG become a UK…
Charging points of SE London
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It’s a joy to meet friends for lunch again, but sometimes it seems they haven’t noticed how the world has moved on in the last two years. I was forced to point out how times were changing with one friend…
Severn Trent and Octopus plan joint development for Midlands renewables projects
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Water company Severn Trent and energy supplier Octopus Energy Group are joining forces to develop renewable energy projects across the Midlands using Severn Trent sites and other third-party locations throughout the region. The collaboration follows Severn Trent’s plans, announced in…
Climate change: the race is on, and clean energy investment is ramping up
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Kay Hobbs, partner at UK law firm TLT, says the finance sector is stepping up to invest in green energy The recent report by the Intergovernmental Panel on Climate Change (IPCC) made for grim reading. It declared that climate change…
Shell plans 50,000 on-street EV chargers by 2026
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Shell has announced plans to dramatically increase its ‘Ubitricity’ on-street chargers from 3,600 to 50,000, saying it will offer financing to local authorities to drive the rollout. It said its ambition is to reach the target by the end of…
ESB takes majority control of So Energy, will use brand in GB
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Irish energy company ESB has taken over So Energy after acquiring more than 75% of the GB supplier, which was founded in 2015. The new company will retain the So Energy brand, adding to it customers of ESB’s GB retail…
£8M available from new phase of BEIS Industrial Energy Efficiency Accelerator
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A new phase of BEIS’s Industrial Energy Efficiency Accelerator (IEEA) has opened for business with £8 million in funding available for commercial-scale demonstrations of energy or resource efficiency innovations. The programme aims to accelerate the UK’s industry net zero transition…
INTERVIEW: Aggreko’s Carsten Reincke-Collon on hydrogen options for short-term power needs
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Responding to the government’s Hydrogen Strategy, launched in August, temporary utilities equipment specialist Aggreko highlighted its investment in hydrogen-for-power options, including hydrogen gensets and a hydrogen cell integrated with battery storage. Janet Wood spoke to Carsten Reincke-Collon, Aggreko’s director of…