Renewable Exchange has announced that a renewable energy co-operative has used its platform to simultaneously tender and execute the power purchase agreements (PPAs) for 25 solar assets, including the Geraint Thomas National Velodrome in Newport. Renewable Exchange said the Egni…
Author Archive for New Power
ROC payments fall short by more than 10%
by New Power • • 0 Comments
By 1 September suppliers had presented 105,263,447 Renewables Obligation Certificates (ROCs), Ofgem reports. The volume represents a shortfall of more than 10% – 13,827,297 ROCs – against the obligation for the year of 119,090,744. The deadline to present ROCs was…
Two new gas-fired CHP plants totalling 45MW to have CO2 offtake contracts alongside PPAs
by New Power • • 0 Comments
London-listed investment company VH [Victory Hill] Global Sustainable Energy Opportunities (GSEO) has announced plans to invest £78 million ‘net zero’ flexible power generation projects. It will fund construction of two combined heat and power plants, with a combined capacity of…
Aldersgate reports call for policy changes to decarbonise industry and cut industrial power prices
by New Power • • 0 Comments
The Aldersgate Group has called for a more detailed policy framework to drive low carbon investment in industry and published reports from Frontier Economics and University College London (UCL) backing up its call. The report from UCL on Delivering competitive…
Battery sites see capacities jump up
by New Power • • 0 Comments
Anesco has received approval from Brentwood Borough Council to develop a 50MW battery storage facility in Essex. The installation, on a 2Ha site adjacent to a 132kV substation, will comprise 28 battery container units and offer flexibility services to National…
Gridserve seeks feedback on Plymouth ‘electric forecourt’ proposal
by New Power • • 0 Comments
Gridserve has set out plans for an ‘electric forecourt’ electric vehicle charging site near Plymouth that will host 32 rapid and high-power chargers, and asked for comment on the plans before they are submitted for development consent. The company promised…
New National Energy Planning Statements aim for faster offshore wind consenting, networks undergrounded in national parks
by New Power • • 0 Comments
A new end-to-end process for how offshore wind is developed and connected, power lines undergrounded in areas of natural beauty and lower fugitive emissions from SF6 gases used in electricity networks are among the aims mentioned in BEIS’s review of…
Green Heat Network Fund moves funding to low-carbon options
by New Power • • 0 Comments
The government has reiterated plans for a £270 million capital grant programme first announced in March 2020, which aims to stimulate the growth of low-carbon heat networks. The fund will open to public, private and third sector applicants in England,…
Shetland link: Ofgem consults on cost assessment, allows £1.4M to cover Brexit risk
by New Power • • 0 Comments
Ofgem has proposed to allow SSEN £628.6 million to build a 600MW HVDC link between Shetland and Caithness, which would allow power to be exported from new wind farms in the island. That figure is £46.8 million lower than the…
Heat Networks Investment Project grant will increase Enfield heat network to 50k homes
by New Power • • 0 Comments
The Heat Networks Investment Project (HNIP) has awarded £24 million of funding to Energetik to support two extensions to its community heat network in the London Borough of Enfield. This brings the total support provided by HNIP to just under…