Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
Author Archive for New Power
Pensions investments tilting towards low-carbon
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The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…
What does the year ahead have in store for transforming utilities? IT companies’ future views
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Traditional utilities are transforming into e-utilities, using big data and new IT opportunities to offer services to distributed energy providers, prosumers and connected-home customers. New Power asked companies working at the intersection of energy supply and e-services to give their…
Shetland link cancelled after power station pollution limits delay
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Ofgem has rejected plans for an electricity cable between Shetland and mainland GB, because a change in environmental legislation means it is not needed urgently. The regulator said cheaper options could now be employed and would be more flexible to…
‘Deep concern’ over renewables investment: industry responds to budget
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No new funds will be made available for the Levy Control Framework, which funds new renewable electricity projects, until at least 2025, according to budget documents. Auctions planned to 2020 will go ahead. There was also little clarity on a…
Hinkley Point C: government made ‘grave strategic errors’ and customers will bear the cost for decades, says Public Accounts Committee
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MPs on the Public Accounts Committee have blasted the government for its “blinkered determination” to agree a deal on a new nuclear plant at Hinkley Point C, ”regardless of changing circumstances”. It said government should have considered the case for different financing structures where risk was shared, although it…
Ofgem reiterates need for reliable market information as it publishes Remit data
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Ofgem has carried out 11 investigations into behaviour in energy markets, taken forward from 677 ‘alerts’ about potentially concerning behaviour, since 2013. the regulator said. The figures came in an update on outcomes of the EU’s ‘Remit’ reporting system…
Energy from waste: Lords committee considers export fears
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The impact of Brexit on the UK’s trade in waste will be discussed at a round table hosted by the House of Lords EU Energy and Environment Sub-Committee. The UK exports 3 million tonnes of waste annually. The Committee concluded in…
Unions call on MSPs and SSE to help resolve Beatrice subcontractor dispute threatening 1400 jobs
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A rally at the Scottish Parliament today will call for action to find a way out of a payments dispute that has brought Scottish offshore contractor Burntisland Fabrications (Bifab) to the brink of bankruptcy. Bifab, which employs 1,400 staff largely…
Lincoln battery commissioned
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Eelpower has commissioned its 10MW Leverton battery near Lincoln. It is one of the cohort of large batteries that will provide frequency response to National Grid with effect from 1 January. The company secured a Firm Frequency Response contract in…