Author Archive for New Power

Malaysian power company acquires UK FIT wind portfolio

Malaysia’s power company, Tenaga Nasional Berhad (TNB) has acquired 80% of two UK renewable energy companies – GVO Wind and Bluemerang Capital – for £171 million.  This acquisition, via wholly owned subsidiary, Tenaga Wind Ventures UK, is TNB’s first foray into onshore…

Origami Energy, Greenbyte win software contracts

SmartestEnergy has chosen Origami Energy’s technology platform to manage its customers’ distributed energy assets and consumption. Smartest said the collaboration will allow it to offer real-time, flexible energy management services to help its customers unlock the rapidly increasing value of…

Financial close for Spalding Energy Expansion

Intergen has announced financial close and funding for Spalding Energy Expansion, a 300MW gas-fired plant in Spalding, Lincolnshire, which was awarded a 15-year capacity agreement in the  December 2016 Capacity Market auction. The project has signed a contract with Siemens for an…

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…