Author Archive for New Power

Hywind adds battery storage to floating wind farm

Norwegian energy company Equinor and Abu-Dhabi-based Masdar have installed a battery to connect to their Hywind floating wind farm. The 1MW/1.3MWh system, designed and supplied by battery storage integrator Younicos, will dynamically balance power. Two Younicos portable modular battery containers (dubbed Y.Cubes), have been placed at…

Bishop’s Stortford battery refinanced

Statera Energy has completed a debt facility re-financing with NatWest for a battery storage installation. The 49.99MW lithium-ion battery near Bishop’s Stortford was commissioned in December 2017 after it won  a two-year contract with National Grid to provide fast frequency response…

E.On completes Uniper sale to Fortum

E.On has  completed the sale of its 46.65% stake in Uniper to Fortum. The European Commission and Russia’s  Antimonopoly Authority have both given merger control approvals and the transaction has now been completed and closed. In total, E.On received approximately…

Ørsted to divest residential and network businesses

Ørsted has announced plans to sell off its domestic customer business in Denmark, along with the distribution network and City Light businesses, to focus on supplying and trading green power internationally. The company claims a global leadership position in offshore…

BEIS drops Swansea Bay tidal lagoon: the industry responds

Tim Cornelius, chief executive, Simec Atlantis Energy: “We believe our proposed project for the Wyre Estuary represents a golden opportunity for the government to reinforce its commitment tidal range technology. As well as generating predictable, zero carbon, sustainable power to the…

NextEnergy extends solar acquisitions

NextEnergy Solar Fund has acquired ten operating solar plants with a total installed capacity of 46.6MWp. All ten assets were connected during 2016 and 2017, with subsidies including both renewable obligations certificates and feed-in-tariffs. The solar plants are : Fiskerton (13.0MWp, Lincolnshire)…