Planning consent has been granted by North East Lincolnshire Council for an energy-from-waste plant located on land at the South Humber Bank power station site. The South Humber Bank Energy Centre will be powered by approximately 620,000 tonnes per…
Author Archive for New Power
Competition for £30 million in large-storage funding closes Friday
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Applicants have until Friday this week to enter BEIS’s competition to win funding to develop new storage options that can deliver units sized at tens of MW. BEIS is looking for “innovative, replicable” solutions that could offer an alternative to…
Tidal power company wins £1 million Scottish investment
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Tidal energy company Sustainable Marine Energy (SME) has secured equity investment totalling £3.46 million to further develop its PLAT-I tidal energy platform system. In the company’s latest funding round, the Scottish Investment Bank (SIB) committed £1 million on behalf of…
Capacity Market ‘must be simplified’ Ofgem says as it consults on five-year review
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Ofgem wants to simplify the Capacity Market rules to widen participation, reduce costs and promote secondary trading. In a five-year review of the market, the regulator said it had provided security of supply, but was undermined by its complexity. Companies…
Pensions Infrastructure Platform acquires more wind assets
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Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value of £50 million. The portfolio contains all five of the wind farm investments made by the Environmental Capital Fund (ECF), a specialist infrastructure…
Brexit extension leaves business ‘extremely uncertain’ over carbon costs
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The Brexit delay has left carbon emitters, including power generators, with uncertainty over multi-million pound emissions payments. The uncertainty arises because it is not clear whether UK companies will take part in the EU Emissions Trading Scheme (EU ETS) in future.…
Ripple Energy launches crowdfunding
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Ripple Energy is about to start crowdfunding to develop a platform that offers a new ownership model for renewables. It is using Seedrs to raise £750,000 for 23.21% of the company. Last month New Power editor Janet Wood spoke to Ripple’s…
Longannet demolition moves forward
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Parts of a structure at Longannet, Scotland’s last coal-fired power station, have been successfully demolished in a controlled explosion. The boiler annex east, close to the station’s chimney, was ‘blown down’ in calm conditions on Thursday by ScottishPower’s demolition contractor…
Reader question: Which monopoly activities in the energy sector are in line for most change?
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We asked five questions addressing how the public and private sector, and regional and national bodies, can work together to help the energy sector become more distributed, greener, smarter and more flexible. Why? Because utilities and utility regulation are facing…
CfD registrations open
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The registration process for the Contracts for Difference Third Allocation Round has now opened, the EMR Delivery Body has announced. The registration is in preparation for the upcoming auction round which is due to open by May 2019. The EMR…