Ørsted has agreed the sale of its remaining stake in the London Array offshore wind farm. It has signed an agreement with funds managed by Schroders Greencoat, which will pay £717 million for the 25% stake. Among the investors Greencoat…
Author Archive for New Power
Northern Ireland system operator starts procurement of low carbon inertia
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The Northern Ireland system operator (SONI) is looking ofr process is to produce a short-list of suitably qualified companies to provide a ‘low carbon inertia service’ (LCIS). It expects ultimately to contract with two to four suppliers and is now…
SSEN Transmission signs up Hitachi Energy for HVDC links to transport power from wind farms to users
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Hitachi Energy has been selected by SSEN Transmission to supply high-voltage direct current (HVDC) converter stations the transmission network deploys up to five HVDC links to bring power from northern Scotland to areas of higher consumption in the south. The…
Government seeks to temper regulators’ Net Zero duty with additional ‘growth duty’
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The government has given just four weeks to respond to a consultation by the Department for Business and Trade that would place a new ‘economic growth’ duty on energy regulator Ofgem, as well as on water regulator Ofwat and telecoms…
Vattenfall halts Norfolk offshore wind projects citing increased costs
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Vattenfall has decided to halt development of its huge Norfolk Boreas offshore wind farm, citing “challenging market conditions”. It said, “The offshore wind industry has seen cost increases up to 40% which in combination with increased cost of capital puts…
UPDATED deadline ‘a few days’: Battery manufacturer AMTE Power on four week deadline to source new funding
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AMTE Power says it “continues to be in discussions with existing and potential investors concerning raising further finance. However, given the further passage of time since the most recent announcement on 29 June 2023, the Company’s financial situation is becoming…
Construction begins on 1.4GW NeuConnect link with Germany
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Construction has started on the £2.4 billion NeuConnect interconnectpr between GB and Germany. Led by global investors Meridiam, Allianz Capital Partners, Kansai Electric Power and Tokyo Electroc Power (Tepco), the 725km of land and subsea cables will transport up to…
New integrated supplier Fuse Energy acquires first PV farms
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Bullous Park Ethical Power, Hive Energy and CH1 Investment Partners LLP have sold two solar farms, 5.1MW Netley North and 12.1MW Bullous Park solar farms, to Fuse Energy. The solar farms were owned by investment vehicle Hive Ethical UK Solar…
Offshore solar PV panels to be launched in 12-month test
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Specially designed floating PV panels that can be used at sea are to be towed offshore, anchored, and put into operation to gather data for at least a year starting in August. SeaVolt, a collaboration between Tractebel, DEME, and Jan…
New nuclear body launches aiming for investment decision on SMRs by 2029
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The government has launched Great British Nuclear (GBN), an arms-length body intended to boost the delivery of new nuclear. The body has been launched with interim chair Simon Bowen and chief executive Gwen Parry-Jones. Key among GBN’s activities will be…