Six fixed offshore wind projects have been given the green light by the Secretary of State for Business, Energy and Industrial Strategy, with no objections from the Welsh Government, to enter into an Agreement for Lease with seabed owner The…
Author Archive for New Power
Come clean on gas boilers
by New Power • • 2 Comments
At around 1.6 million units annually, the UK’s boiler replacement market is huge. It was ‘world beating’ until 2017 (um, yay us?), when it was finally overtaken by China and North Korea. It was easily bigger than the next-largest markets…
NGESO posts series of Capacity Market notices
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NGESO issued a Capacity Market Margin Notice for the evening of 18 July at 19.00, and cancelled it an hour later. The notice is a signal to the market that more generation is required to meet system requirements. The automated…
Nissan private wire PV project changes hands
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Renewables investment trust Atrato Onsite Energy has acquired an onsite PV project designed to power Nissan’s Sunderland manufacturing plant. Atrato will acquire 100% of the shares of Hylton Plantation Solar Farm Limited, the company set up to to develop the…
Ofgem promises action if it sees ‘sharp practice’ in electricity balancing markets
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Ofgem has promised to take action if it finds “sharp practice” in energy markets. There have been rising concerns about the prices taken in the so-called Balancing Market. Balancing costs refer to actions taken by the system operator, NGESO, at…
Interview: Harmony Energy Income Trust bets on 2-hour batteries
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Harmony Energy Income Trust has five two-hour battery projects under construction. The managers believe the current uncertainty makes it an ideal time to bring agile storage into the market. Max Slade (top left) and Paul Mason (bottom left) of Harmony…
European wind and solar projects achieving sharply higher PPA prices
by New Power • • Comments Off
Wind and solar power generators are achieving sharply increased prices in power purchase agreements (PPAs) across Europe, according to Level Ten Energy’s regular pricing index. Level Ten Energy, which provides transaction infrastructure, said that in Q2 across Europe average wind…
Hitachi Energy to provide HVDC link for Hornsea 3
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Hitachi Energy has won an order from Ørsted to provide two high-voltage direct current (HVDC) systems to connect the Hornsea 3 wind farm, located more than 120km off the east coast, to the onshore network. Hornsea 3’s total capacity of…
United Utilities sells 69MW renewables business for £100M
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Water utility United Utilities has announced the sale of its renewable energy business, United Utilities Renewable Energy Limited to SDCL Energy Efficiency Income Trust plc approximately £100 million enterprise value. UURE comprises 69MW of renewable generation assets across 70 sites,…
Interconnector ‘cap and floor’ application window opens 1 September
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Ofgem will open an application window on 1 September for new interconnectors between the GB network and other countries to be financed under a ‘cap and floor’ regime, it has announced. The application window will close on 31 October. Alongside,…