A storage project under construction at Kilmannock, in the Republic of Ireland, will have four times the original planned capacity. Gore Street Energy Storage Fund said Kilmannock had secured an increase in its allocated grid connection capacity of 90MW, in…
Author Archive for New Power
Renewables investor says diverse portfolio helped balance record low wind speeds – as electricity price increases raise valuation
by New Power • • Comments Off
Wind speeds at their lowest for 20 years in some areas resulted in wind generation 32% below budget in the six months to 30 September, according to a half-year update from environmental infrastructure investor JLEN Environmental Assets Group. However, some…
Good Energy puts £56M generation portfolio up for sale in transition to services, faces £1M extra costs from other suppliers’ failures
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Good Energy has put its 47.5MW power generation portfolio up for sale to fund a transition from a renewables utility to an energy services provider. It wants to dispose of the plants, which it said were under-valued at £56.8 million…
Security of supply risk means new Irish data centres must meet their own power needs and provide system flexibility
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The Republic of Ireland has avoided setting a moratorium on connecting new data centres to the electricity network, according to a decision from the Commission for Regulation of Utilities (CRU). But each application will be assessed on whether the site…
PayPoint faces £12.5M redress payment after anti-competitive behaviour hit prepayment meter customers
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PayPoint is to pay redress of £12.5 million after Ofgem launched an investigation in August 2017 into whether PayPoint had abused a dominant market position. PayPoint provides services to energy suppliers. It allows prepayment meter customers to top up their…
National Highways to invest £11M in storage at service stations for rapid EV charging
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Government-owned National Highways has announced that it will invest £11 million in 20 energy storage systems for service stations in England where the grid supply is not enough for rapid charging of electric vehicles (EVs). National Highways said it is…
4GW offshore wind farm to supply power for hydrogen and ammonia production in Ireland
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Singapore-based developer Enterprize Energy has signed an agreement to build a 4GW wind farm off the Irish coast and sell the power to a hydrogen facility on land, according to Bloomberg. Enterprize Energy told Bloomberg that rather than a subsidy…
Bulb in Special Adminstration Regime
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BEIS has published information for Bulb’s 1.7 million customers, after the supplier entered the ‘Special Administration Regime’. BEIS describes the ‘Special Administration Regime’ as a ‘long-standing, well-established mechanism’ that applies when a supplier fails and if Ofgem’s primary Supplier of Last…
‘Road map’ planned for 2023 to pull lighter, low-carbon composites into offshore wind designs
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A £5 million, 20-month programme, funded by the Department for Business, Energy and Industrial Strategy (BEIS) through its Net Zero Innovation Portfolio (NZIP), has been announced as the next step in developing manufacturing capability for offshore wind. It will result…
From 20GW undersupply to 30GW oversupply: NGESO’s winter 2035 modelling shows urgent need for new power market design
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By 2035 there will be periods when lack of wind and solar generation is low and electricity supply falls dramatically short of demand. But those times are far outweighed by periods when the GB system has a large excess of…