Author Archive for New Power

Scottish Government funds tidal turbine scale-up with £2M

The Scottish Government has awarded a £2 million grant to tidal energy developer Nova Innovation to step up production of tidal turbines. The funding, delivered through Scottish Enterprise, is directed at Nova’s ‘Volume Manufacturing and Logistics for Tidal Energy’ project.…

SSE disposes of SGN stake for £1.225 billion

SSE has agreed to sell its remaining 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) for £1.225 billion to a consortium of the Ontario Teachers’ Pension Plan Board (which is already a shareholder in SGN) and Brookfield…