A solar infrastructure fund with NextEnergy Capital is the first private sector transaction made by the UK Infrastructure Bank. At £500 million, the private 10-year solar infrastructure fund, NextPower UK ESG, will be the largest subsidy-free solar investment fund in…
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Companies face higher trading costs as credit-setting price rises by a third – with a further hike in prospect
by New Power • • 0 Comments
Energy companies may be hit for requests to provide more credit cover and collateral, as the Balancing and Settlement Code’s (BSC’s) Credit Committee is consulting on whether to go forward with a huge rise in the Credit Assessment Price (CAP)…
NGET and SPT to return £158M to customers after Western Link delays
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£143 million will be returned to customers via reduced transmission network charges in their bills, and £15 milion will be paid into Ofgem’s redress fund, after network owners Scottish Power and National Grid accepted responsibility for late delivery of the…
Is energy networks’ innovation funding working? Ofgem asks for feedback as it develops new ‘strategic funding’ with bigger role for third parties
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Is Ofgem’s innovation framework working? The regulator’s Network Innovation Allowance (NIA), introduced in 2013 has provided funding to over 1000 small technical, commercial or operational projects directly related to the gas and electricity networks. Its Network Innovation Competition (NIC), also…
Scottish small hydro projects change hands
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Triple Point Energy Efficiency Infrastructure Company has acquired six hydropower assets in Scotland with a total installed capacity of 4.1MW, all of which have five years or more of operational performance history. The six plants, all feed in tariff accredited,…
Irish storage project capacity to increase from 30MW to 120MW
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A storage project under construction at Kilmannock, in the Republic of Ireland, will have four times the original planned capacity. Gore Street Energy Storage Fund said Kilmannock had secured an increase in its allocated grid connection capacity of 90MW, in…
Renewables investor says diverse portfolio helped balance record low wind speeds – as electricity price increases raise valuation
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Wind speeds at their lowest for 20 years in some areas resulted in wind generation 32% below budget in the six months to 30 September, according to a half-year update from environmental infrastructure investor JLEN Environmental Assets Group. However, some…
Good Energy puts £56M generation portfolio up for sale in transition to services, faces £1M extra costs from other suppliers’ failures
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Good Energy has put its 47.5MW power generation portfolio up for sale to fund a transition from a renewables utility to an energy services provider. It wants to dispose of the plants, which it said were under-valued at £56.8 million…
Security of supply risk means new Irish data centres must meet their own power needs and provide system flexibility
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The Republic of Ireland has avoided setting a moratorium on connecting new data centres to the electricity network, according to a decision from the Commission for Regulation of Utilities (CRU). But each application will be assessed on whether the site…
PayPoint faces £12.5M redress payment after anti-competitive behaviour hit prepayment meter customers
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PayPoint is to pay redress of £12.5 million after Ofgem launched an investigation in August 2017 into whether PayPoint had abused a dominant market position. PayPoint provides services to energy suppliers. It allows prepayment meter customers to top up their…