Northumbrian water is sourcing all its power from Ørsted in a new green electricity deal that started on 1 April. It is one of the biggest contracts the water company has ever awarded. Ørsted supplies renewable electricity from nine offshore wind farms…
Author Archive for New Power
CBI: maintaining UK access to EU’s energy market benefits all sectors
by New Power • • Comments Off
Changes to rules in the energy sector could have ramifications across the UK economy, according to business lobby group the CBI, so it is extremely important that it remains as close as possible to the EU. That contrasts with specific…
Co-Operative Energy to acquire Flow Energy
by New Power • • Comments Off
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…
How much cash would you need to ‘go dark’ for an hour? Take ACER’s survey
by New Power • • Comments Off
ACER (the Agency for Co-ordination of Energy Regulators) is asking European electricity customers whether they would swap a short power outage for cash – and if so, how much. It is part of a research effort to try to find…
Tenaga Wind Ventures refinances UK wind farms
by New Power • • Comments Off
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
by New Power • • Comments Off
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…
OPINION: Airport example shows there are still big wins in solar PV
by New Power • • 1 Comment
Michael Watson, chairman of Pager Power, argues that the UK is missing some big wins on solar PV. Airports are a good example UK airports have huge amounts of land, most of which is grass. Most airport operators could install enough…
SPEN relaxes restrictions on Scottish PV installers
by New Power • • Comments Off
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
by New Power • • Comments Off
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…
New funding raised for Islandmagee gas storage project
by New Power • • Comments Off
InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…