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…
Author Archive for New Power
Ørsted to divest residential and network businesses
by New Power • • Comments Off
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
by New Power • • Comments Off
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…
UKPN and Powervault combine to create ‘virtual power plant’ in Barnet from PV and batteries
by New Power • • Comments Off
Powervault and UK Power Networks are to install a fleet of 40 domestic batteries in the London Borough of Barnet so they can be used to store energy generated from solar panels and use them to support the local grid. The…
NextEnergy extends solar acquisitions
by New Power • • Comments Off
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)…
Canadian investors buy UK PV totalling 13,259 rooftop and ground-based installations
by New Power • • Comments Off
Canadian infrastructure investment management firm Fiera Infrastructure has made its first sole investment in the UK. It has acquired a solar PV portfolio of 13,259 residential and commercial rooftop systems, and ground-mounted solar, across England and Wales totalling 41MWp. The portfolio…
Government aims to help drive pension funds towards green investment
by New Power • • Comments Off
The government is acting to help direct investments from UK pension funds into activities that fulfil environmental, social and governance (ESG) aims – such as investments in green energy. The Department for Work and Pensions (DWP) has opened a consultation…
ESB acquires battery from Anesco
by New Power • • Comments Off
ESB has acquired a 7MWh battery storage site from renewables developer Anesco for an undisclosed sum – the Irish utility’s first grid-connected energy storage project in GB. Mill Farm near Grantham, Lincolnshire, comprises six battery storage containers. The project was…
TRIG acquires Solwaybank wind farm
by New Power • • Comments Off
The Renewables Infrastructure Group (TRIG) has acquired the 30MW Solwaybank wind farm in Dumfries and Galloway, buying it from developer RES. RES began preparing ground for construction in April 2018 and it will continue to operate the 15-turbine project. The Senvion…
Thrive Renewables and Aura Power to site batteries on I&C sites and share revenues
by New Power • • Comments Off
Thrive Renewables and Aura Power have launched a joint venture that will install and operate batteries for industrial and commercial users free of charge, sharing the revenues. The companies are targeting businesses spending at least £500,000 a year on electricity.…