BP is to invest £200 million in solar developer Lightsource over there years. It will acquire 43% of the company over that time, the company will be renamed Lightsource BP and BP will have two seats on the board of…
Author Archive for New Power
Design for new nuclear plant for Wylfa gets green light from regulator
by New Power • • Comments Off
The UK Advanced Boiling Water Reactor (UK ABWR), designed by Hitachi-GE, is suitable for construction in the UK, the Office for Nuclear Regulation has concluded. Horizon is planning to build and operate two of the ABWRs, which will together provide…
Atlantis acquires Uskmouth plant, plans more expansion
by New Power • • Comments Off
Simec Energy is to sell its Uskmouth power plant in Newport, South Wales, to Atlantis Resources. Completion is expected in Q1 2018. Atlantis wants to “build a diversified renewable energy company of scale”. It plans to convert the 220MW Uskmouth plant to…
BEIS committee warns: ‘hard’ Euratom exit ‘highly risky’ for nuclear sector and puts power plant operations in doubt
by New Power • • Comments Off
Leaving the EU’s nuclear safeguards agreement Euratom “comes at a cost of millions, with very real doubts that it will actually be ready in time” the Select Committee on Business, Energy and Industrial Strategy (BEIS) has warned in a new…
National Audit Office: Green Investment Bank bids were below minimum acceptable valuation
by New Power • • Comments Off
Two offers made to buy the Green Investment Bank (GIB) were both below the government’s minimum acceptable valuation, according to the National Audit Office (NAO). Macquarie, the winning bidder, raised its offer during the process, but at the same time it…
Train ‘third rail’ an ideal client for solar PV, says new report
by New Power • • Comments Off
Solar PV linked directly to the rail system could supply a significant parti of the system’s power needs, according to a new report, “Riding Sunbeams” supported by 10:10, Imperial College, Innovate UK and Community Energy England. The researchers found that…
10MW battery consented for Perthshire
by New Power • • Comments Off
Capbal has won planning consent for a 10MW/5000kWh battery unit on the Feddal Estate, Perthshire. It is Capbal’s first storage scheme in Scotland to secure planning consent. Capbal expects the Braco facility to enter operation in mid-2019. Its business partner, NEC,…
Smart Energy Europe warns over threat to IEM open market rules with proposed exemptions for ancillary services
by New Power • • Comments Off
Smart Energy Europe has raised an alarm over proposed changes in the proposed design of the EU’s Internal Energy Market that would allow transmission system operators (TSO) to own and operate storage and provide more ancillary services themselves. The group…
OPINION Tales of the unexpected: innovation needs a willingness to think differently
by New Power • • Comments Off
Another day, another industry meeting. First on the agenda: innovation. The industry needs fresh ideas. It has to break the mould. There are new technologies, new services, new offers out there that could make our system better, serve customers and…
Simec acquires Green Highland Renewables
by New Power • • Comments Off
Ancala Partners has sold its hydro power business, Green Highland Renewables to Simec, the energy arm of the global energy, metals and industrials group, the GFG Alliance. The transaction is unconditional and is scheduled to complete before the end of…