Good Energy wants to raise £3.1 million in new funding and has launched a share offering. Shares will cost £2.08 each, with a minimum application value of £520. The company said it “anticipates most applications from existing customers, bondholders and…
Author Archive for New Power
Dong closes IPO to retail investors
by New Power • • Comments Off
Dong Energy will close of its initial public offering to retail investors at 4pm (CET), it has announced. Retail investors can invest up to DKK 3 million (£310,000) and the aggregate demand now exceeds the expected allocation of offer shares…
Opinion: Winter is coming… bringing a perfect storm for electricity system price rises
by New Power • • Comments Off
Phil Hewitt, director and founder of EnAppSys, warns that with tighter supply margins forecast for winter 2016/17, SBR arrangements are likely to force wholesale electricity prices even higher
Project Nexus: Ofgem consults on up to six-month delay
by New Power • • Comments Off
Project Nexus go-live is set to be delayed. Ofgem is consulting on several future options for the new settlement system for the gas industry, which was due to go live on 1 October, but it is now likely to be…
Gaelectric announces financial close on 51MW of wind farms
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Gaelectric, the renewable energy and energy storage group, has reached financial close on five wind farms in Northern Ireland. Debt of £67million, arranged through German bank, Nord/LB on an 18-year term, will be a major component of the total £74…
Leadsom claims on Brexit bemuse energy industry
by New Power • • 1 Comment
Energy minister Andrea Leadsom’s speech calling for a vote to exit from the EU got short shrift from members of the UK energy industry. It was described as ‘amazingly light on content’ by one industry member and there was surprise…
Tidal lagoons: call for evidence open until 31 July
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Former energy minister Charles Hendry has published a call for evidence on feasibility and practicality of tidal lagoons in the UK. The government announced that the review would report in the autumn and the call for evidence closes on 31…
Auto-switching site for small businesses goes live
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Energy Scanner, an auto-switching service aimed at small and micro businesses announced its official launch. The company follows two domestic auto-switching sites, Flipper and Swuto. In March we spoke to all three companies and asked whether they would change the…
Beware of Brexit certainty
by New Power • • Comments Off
From New Power founder Dom Maclaine’s latest blog: “amid extreme predictions of certain doom, there are areas where the implications of Brexit are much more overtly uncertain. Energy policy, and particularly the future of low carbon technologies and policies is…
Beatrice wind farm wins £525M in EIB funding
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The Beatrice windfarm has won the European Investment Bank’s (EIB’s) single largest investment in an offshore wind project. The EIB is providing £525 million for construction of the project to be built 14km off the Caithness coast. The 19-year long-term…