Author Archive for Staff writer

National Grid and Tennet explore offshore grid

National Grid and Dutch transmission system operator Tennet are working on plans for a multipoint interconnector that would connect offshore wind farms to both countries. The plan involves simultaneously connecting 4GW of British and Dutch offshore wind, providing an additional…

Jonathan Tudor swaps Centrica for Clean Growth Fund

Jonathan Tudor has left Centrica to become investment partner at the government-backed Clean Growth Fund, aiming to find and develop early stage clean tech companies. Tudor was technology & strategy director at Centrica Innovations and has covered similar ground for…

National Grid appoints first female chair

Paula Rosput Reynolds has been appointed as chair of National Grid, following Sir Peter Gershon’s announcement on 30 January 2020 that he would step down from the role. She will join the board on 1 January 2021 and assume the…

SSE shrugs off Moody’s negative outlook

SSE has shrugged off a negative outlook rating from Moody’s, which yesterday maintained SSE’s Baa1 rating but changed its outlook to negative. Moody’s cited higher than anticipated leverage and said that even £2bn of planned disposals would be insufficient to…

SSE sell Walney stake for £350m

SSE has agreed to sell its 25.1 per cent stake in Walney offshore wind farm stake to Greencoat Capital. The firm will pay £350m for 92MW. “Walney has been a good financial investment for SSE but we see it as…