Author Archive for New Power

Greencoat acquires 24 solar farms

Canadian Solar has completed the sale of 24 operational solar power plants across England, Wales and Scotland, totalling 142MWp, to Greencoat Solar II, managed by Greencoat Capital. The  portfolio is expected to provide inflation-linked solar power generation revenues for a period of 20 years under the Renewables…

4MW battery goes into operation in Bridgend

Kiwi Power has begun operation of a smart battery system ‘behind the meter’ at Parc Stormy, the Cenin Renewables site near Bridgend, Wales. The 4MW battery will provide frequency support services to National Grid. Cenin’s 20-acre site includes a low carbon cement production facility, a…

Uniper acquisition leads to ratings downgrade for Fortum

Ratings agency Moody’s Investors Service has downgraded Finland’s Fortum, following its €3.8 billion acquisition of a 47.12% stake in E.On spinoff Uniper. The agency said the deal would increase Fortum’s financial leverage, and although Fortum would be Uniper’s largest shareholder, it would not be…

Whole systems networking projects win funding

The UK Energy Research Centre (UKERC) has announced funding for five projects under its Whole Systems Networking Fund. Funded by EPSRC, this scheme aims to improve the diversity, communications and collaboration between people working on whole energy systems and those…

Greencoat acquires Lisdowney wind farm

Greencoat Renewables has acquired Lisdowney, a 9.2MW wind farm situated in County Kilkenny, for  €22.5 million. Lisdowney wind farm consists of four Enercon E82 turbines. The wind farm was commissioned in November 2016 and its revenues are contracted under the…

BEIS awards CCS grant

A consortium led by Carbon Clean Solutions (CCSL) has been awarded £900,000 grant  by the UK Department for Business, Energy & Industrial Strategy (BEIS) for development of carbon capture and storage (CCS) technology. The grant will enable CCSL to build a…