Downing Renewables & Infrastructure Trust has competed the acquisition of solar PV assets in Great Britain and Northern Ireland totalling 96MWp. It paid £42M (including working capital balances and cash held by the portfolio companies). The portfolio comprises: 13 ground-mounted sites…
Author Archive for New Power
Energy efficient tomatoes: Triple Point acquires IoW energy centres
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Triple Point Energy Efficiency Infrastructure Company has completed the acquisition of energy centres on the Isle of Wight that supply heat, electricity and carbon dioxide to the UK’s largest tomato grower, APS Salads. The deal includes 15 year energy services agreement…
National Grid to buy WPD, UK’s largest DNO, and sell majority stake in National Grid Gas
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National Grid is to acquire Western Power Distribution, the UK’s largest electricity distribution network, for £7.8B and begin disposal of a majority stake in National Grid Gas, currently valued at £6.4B, in a “strategic pivot” towards electricity. The WPD acquisition…
Gemserv: turning industry codes up to 11
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Energy industry codes have long been a block on innovation in the sector. Fundamental reform is planned, but Gemserv has put forward a set of proposals that could be taken on immediately, and give users more power more quickly. Gemserv…
Hospitals, schools and other public sector buildings win nearly £1B funding to decarbonise: second competition promised
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BEIS has said it will open a second phase of the Public Sector Decarbonisation Scheme in 2021/22 after announcing grants of £932M in Phase 1 of the Scheme. So far 317 public sector organisations have been awarded funding for 429 energy…
Nine areas win £171M in CCUS and hydrogen funding as BEIS sets out Industrial Decarbonisation Strategy
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The Department for Business, Energy and Industrial Strategy has announced major investment to cut emissions from industry and from public buildings in a new Industrial Decarbonisation Strategy. It will allocate £171 million from the Industrial Decarbonisation Challenge to nine projects to…
SP Energy Networks contracts for 140MW of flexibility including first LV contracts
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SP Energy Networks has accepted bids totalling 140MW of flexibility services, for the RIIO-ED2 business plan period 2023-2028, following the latest round of tendering. For the first time it tendered for low voltage flexibility and it accepted bids for 3MW…
Motor Fuel Group plans 2800 fast chargers across GB by 2035
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Motor Fuel Group has announced it will invest £400 million over the next decade to install 2,800 Ultra-Rapid 150kW EV chargers across 500 sites. It will target 40 sites in 2021 that will have over 200 chargers. The initial focus will be…
UK’s Nest pension fund joins forces with Octopus Renewables, plans to invest £250M in 2021
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Nest, the investor that manages £16 billion in pensions for nearly a third of the UK’s workforce, is to partner with Octopus Renewables to commit around £250 million to renewables projects in the UK and Europe in 2021. Nest said…
Act by 26 March: ports seek clean flexible power sources for the ship to shore connection
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A competition for solutions to the supply of flexible clean power to ships and other port users closes on 26 March. Currently ships in berth receive power from onshore facilities and port owners have to managing energy being delivered to the…