Author Archive for New Power

Cadent acquisition drops gas network credit quality

Ratings agency Moody’s regards the new parent company of Cadent, which has acquired National Grid’s gas distribution networks, as “weak investment grade”, it said, announcing a ratings downgrade from A3 to Baa1 for Cadent. Moody’s noted the very low business…

EMR Delivery Body confirms CfD auction timetable

The next Contract for Difference auction for new renewable energy projects will be after the General Election, the EMR Delivery Body has confirmed. Scenarios in which a window for submitting sealed bids could open before 8 June have fallen away,…