New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…
Author Archive for New Power
Extra Energy ceases trading – Ofgem announces new supplier fitness tests
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Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…
Offshore wind sector launches careers website
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The Offshore Wind Industry Council has launched a careers website to attract new entrants into the sector. The new site offshorewindcareers.co.uk went live as part of Offshore Wind Week. It showcases the job opportunities for graduates and apprentices, as well as those seeking to transfer from other sectors such as oil and…
BayWare acquires Tralorg wind farm
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BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm, in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising eight 2.35 MW…
Moody’s: generators lose £100M this winter – but retailers’ profit rises
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Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…
BEIS seeks immediate State Aid approval for 2019/20 Capacity Market auction
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The government is seeking immediate State Aid approval from the European Commission to run a T-1 Capacity Market auction in the coming months to cover winter 2019/20. The auction was due to start on 29 January 2019, but a European Court…
Npower survey finds most energy managers know little about DSR
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More than two thirds (69%) of energy managers are not aware of energy management strategies like demand side response (DSR), according to new research commissioned by npower Business Solutions. Npower said curbing energy use and reducing energy consumption to outside peak hours…
Capacity Market ruling: the industry responds
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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. See story here. The industry responds: Erik Nygard, chief executive & co-founder, Limejump: “In these circumstances, the abruptness of such a decision…
Grab some easy wins on heat
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A huge amount of heat is wasted in the UK and it’s great to see that BEIS has made £18 million in grants available to reduce waste from at least one source – industrial waste heat. BEIS has offered to…
European court annuls State Aid clearance for GB Capacity Market
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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. The ruling follows a legal challenge submitted by demand response specialists Tempus Energy, which claimed the Capacity Market allows fossil fuels to…