EDF has applied for a development consent order (DCO) for a new reactor at Sizewell C on the Suffolk coast. National Infrastructure Planning now has 28 days to decide whether to accept the project for examination. The company said the…
Author Archive for New Power
NextEnergy joins Santander to build UK’s largest solar farm
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Two subsidy-free solar projects are to be built with debt financing in an agreement between NextEnergy Capital Group (NEC) and Santander. The bank, which already provides debt financing to the renewable energy sector, will provide a non-recourse debt financing structure…
Clean Growth Fund seeks to invest £100M in low-carbon ventures
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Early stage clean growth ventures can now secure investment from a new £40 million investment fund. The Clean Growth Fund (CGF) has a £20 million cornerstone investment through the Department for Business, Energy and Industrial Strategy’s Energy Innovation Programme, and a…
Changes to loan regime for public works could check local authority energy investments
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Local authorities who want to invest in or underwrite renewable energy projects could see their plans outlawed after HM Treasury set out proposals to change the lending terms of the Public Works Loan Board, which provides funding. HM Treasury said in…
Greencoat acquires PV portfolio from BlackRock/Lightsource partnership
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Greencoat Capital LLP is to acquire solar PV projects totalling 156MW from BlackRock BlackRock and Lightsource on behalf of some UK pension funds. The transaction will bring the total solar generating capacity of funds managed by Greencoat to almost 880MW. The…
UKERC opens £1 million funding Call for Proposals on green energy governance, finance and cooling research
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The UK Energy Research Centre (UKERC) has opened the first Call for Proposals for grant funding for sustainable energy projects under its Flexible Fund. It expects to distribute £1 million of the total £3 million fund in this first call…
Low-loss transformers to become standard in UKPN’s networks
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Following a successful trial with 50 units, UK Power Networks has announced it will switch to installing ‘low loss’ transformers in its networks south and east England and London. It will start by installing the so-called amorphous steel core transformers in the…
Collaboration could see UK battery manufacture expansion for vehicle and grid applications
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AMTE Power and Britishvolt have announced a memorandum of understanding (MoU) with the aim of creating an onshore manufacturing supply chain for battery components. If successful the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries,…
NGESO and Arenko trial software to bring batteries into new reserve services
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Battery software services provider Arenko and National Grid ESO are trialling a new upward and downward reserve flexibility service, using Arenko’s 41MW Bloxwich battery – the first time a battery has been able to augment existing upward and downward reserve…
Battery storage wins relief from double charging on export and import
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Ofgem has approved changes to the Connection and Use of System Code (CUSC) which will end ‘double charging’ for battery storage in which it pays system charges both when it imports and exports power. But the change will not be implemented…