Industry settlements company Elexon is looking for early feedback on a digitalised version of the Balancing and Settlement Code. The code details the requirements that have to be met by most companies who want to take part in the energy…
Author Archive for New Power
The green transition is a ‘golden opportunity’ and firms and investors will benefit from taking fast action, says ECB
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Both firms and banks “clearly benefit from adopting green policies early on to foster the transition to a zero-carbon economy,” according to the European Central Bank (ECB), which has published results of an economy-wide climate stress test. The exercise tested…
INTERVIEW: Sarah Merrick, Ripple Energy
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This week Ripple’s chief executive Sarah Merrick became the Business Green Leaders Award ‘Entrepreneur of the Year’. In April 2019 she spoke to Janet Wood about how to give consumers a small stake in a large wind farm. Will a…
Two more company failures: over 5% of domestic customers in SOLR since the start of September
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Two more energy companies – Avro Energy, with around 580,000 domestic customers, and Green Supplier Limited (‘Green’), with around 255,000 domestic customers – have ceased to trade. Together the suppliers represent a share of 2.9% of domestic customers. The news…
Five suppliers told to pay £765k owed to feed-in tariff scheme
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Ofgem has issued five suppliers – Colorado Energy, Igloo Energy Supply Limited, Neon Reef Limited, Whoop Energy Limited and Symbio Energy – with provisional orders, compelling them to pay around £765,000 in total for a government environmental scheme. Colorado Energy…
UPDATED: Symbio Energy and business supply company Whoop in default at BSC – three others in default or close monitoring
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Avro Energy and Delta Gas and Power have been added to the list of power companies set to be expelled from the Balancing and Settlement Code. Both are in default of obligations over credit cover and for both, the BSC…
New wind and solar developer wins £24M backing from SSE
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A new renewable power business, Renewco Power, has been launched with backing of £24 million from SSE plc via Corran Capital. It aims to develop large-scale solar and wind farms across the UK and Europe. The Edinburgh-based company is targeting…
Contracts signed for Greenlink interconnector- ten days after existing GB links were used to keep Irish customers on supply
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Greenlink Interconnector has signed a contract with Siemens Energy and Sumitomo Electric for high-voltage direct current (HVDC) converters and cable for its planned 500MW interconnector that will link the GB grid with grids in Northern Ireland and the Republic of…
Gore Street acquires £22M Leicester storage project, opens new fundraising
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Energy storage fund Gore Street has announced plans for a new fundraising after acquiring a 57MW construction-ready energy storage project in Leicester, bringing its UK and Ireland portfolio to 577MW operating or under construction. The £22 million Leicester project is…
SSE signs MoU for Stoke on Trent geothermal heat network, promises November update on group strategy
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SSE has signed a Memorandum of Understanding with IGas subsidiary GT Energy UK Limited for the development of a geothermal district heating project in Stoke-on-Trent. SSE will develop and deliver a district heating network in Stoke-on-Trent working with GTE and…