Author Archive for New Power

Co-Operative Energy to acquire Flow Energy

Flowgroup is to sell energy supply business Flow Energy to Co-Operative Energy for £9.25 million, saying planned price caps would make it less likely customers would switch supplier. In November the company decided to maintain customer levels below 250,000 so…

Tenaga Wind Ventures refinances UK wind farms

Tenaga Wind Ventures UK has refinanced its 80% interest in GVO Wind  and Bluemerang Capital, two onshore wind companies acquired on 28 February. The company, a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad, opened a £120 million refinancing facility with Bayerische…

Siemens to construct Stockton peaking plant

Siemens is to design and build a decentralised gas peaking plant in Stockton on Tees for Hartree Partners, comprising six SGE86-EM 2MW containers. The peaking plant at  use Siemens’ E-series engines designed for gas peaking plants, industrial power generation and…

SPEN relaxes restrictions on Scottish PV installers

It will be easier for solar PV installations up to 200kW to connect in Scotland because Scottish Power Energy Networks (SPEN), the distribution network operator (DNO) has agreed to relax restrictions. STA Scotland provided SPEN with  evidence on the modest network impact…

Origami Energy attracts £18 million in new funding

Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets,  has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…