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…
Author Archive for New Power
European wind and solar projects achieving sharply higher PPA prices
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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,…
From the New Power archive: Long hot summer? How power assets are affected as ambient temperatures rise
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Few of us are at their most efficient when the temperature rises. Just as human beings can find it harder to get to grips with their activities on a hot day, the efficiency of many electrical assets changes with the…
Offshore wind price continues to fall in CfD allocation Round 4
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The fourth round of the Contracts for Difference (CfD) scheme has secured almost 11GW across a 93 projects representing a range of technologies, including offshore wind, solar, onshore wind, floating offshore wind and tidal stream. Almost 7GW has been secured…
Ovo sets aside £1M to offer premium REGO price for new renewables projects
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Energy supplier Ovo is to commit £1 million to offer premium power purchase agreements (PPAs) to renewable generators who are not eligible to receive subsidies through any government or industry backed schemes. The company aims to help incentivise more small-scale,…
UKPN calls out to property owners and organisations in bid to plan for local decarbonisation
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Property owners will be helped to plan their low carbon journey, in a new venture being launched by UK Power Networks. The company wants to help identify common challenges for organisations who expect to install measures like PV or electric…
Crown Estate identifies five areas to house 4GW of floating wind in Celtic Sea – tender planned for mid 2023
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The Crown Estate has identified five broad ‘Areas of Search’ for the development of floating offshore wind in the Celtic Sea. It aims to offer project areas to the market by a competitive tender in mid 2023 to deliver 4GW…