The UK Infrastructure Bank has announced a £24 million equity investment in Cornish Lithium to support development of the UK’s critical minerals supply chain. The investment, the Bank’s first equity deal, facilitated matched funding by The Energy & Minerals Group…
Author Archive for New Power
West Burton Energy to seek new projects
by New Power • • Comments Off
West Burton Energy has indicated plans for new projects after refinancing its 1332MW combined cycle gas turbine and 49MW battery in Nottinghamshire. The company is owned by funds managed by EIG, an institutional investor in the global energy and infrastructure…
Demand side response market open up for industrial gas users
by New Power • • Comments Off
Large gas customers will in future be able to contract directly with gas system operator National Gas Transmission (NGT) to provide demand side response (DSR), after a gas industry change of rules. Large electricity customers can already be paid to…
West Berkshire Council set to build solar farm
by New Power • • Comments Off
West Berkshire Council has says it intends to bring a planned solar farm to the market later this year, anticipated in Q4 2023. The Grazeley solar farm, which is estimated to cost around £10 million, was approved by the council’s…
DESNZ ‘minded’ to underwrite new hydrogen network with RAB plus top-up funding
by New Power • • Comments Off
The Department for Energy Security and Net Zero has indicated a ‘direction of travel’ for likely support for hydrogen transport and storage. The department says the initial focus for the business model will be on large-scale pipeline infrastructure, which transports…
Contracts for Difference budget boosted by £22M.
by New Power • • Comments Off
The government has announced a £22 million increase in the budget for the next Contracts for Difference auction, bringing it £227 million. The extra budget will be allocated partly to the ‘established technologies’ pot, whicb includes solar and offshore wind…
Ukraine power company brings solar farms back into operation
by New Power • • Comments Off
DTEK Renewables has restored a solar power plant in Ukraine’s Mykolaiv region belonging to Niko Solar – DTEK Renewables’s first such project for an external plant owner. Around 90% of the generating equipment of the 5.7MW solar farm had been…
Acorn and Humber to move to next stage as ‘Track 2′ CCUS clusters
by New Power • • Comments Off
The government has announced that the ‘Acorn’ Scottish Cluster and the Viking cluster in the Humber “ remain best placed to deliver our objectives” and will move forward to the next stage of deployment as ‘Track 2 clusters’, as part…
China floats first battery-powered container ship for Yangtze River route
by New Power • • Comments Off
China has floated a battery-powered container ship and it is scheduled to begin sea trials in late September, The Maritime Executive reports. The vessel, which is being built for China’s COSCO Shipping Heavy Industry, is the first of two river…
New PV and battery developer plans to bring 350MW to point of building by end 2025
by New Power • • Comments Off
Octopus Renewables Infrastructure Trust plc plans to invest up to £2 million in the next two years to set up and fund a new development business, focused on building 350MW of new ground-mounted solar PV and co-located battery storage assets…