Carbon capture and storage (CCS) is a key tool for decarbonisation and the government should consult on new funding models to support it, including a ‘regulated asset base’ model. That was the conclusion of ‘Third time lucky?‘ a new report…

Read more →

AES corporation has announced plans to exit the UK. EP UK Investments will acquire AES’s entire  UK business – which is all in Northern Ireland - including all assets, systems and key management and staff. AES will sell its interest in two Northern…

Read more →

Planning consent has been granted by North East Lincolnshire Council for an energy-from-waste plant   located on land at the South Humber Bank power station site. The South Humber Bank Energy Centre will be powered by approximately 620,000 tonnes per…

Read more →

Applicants have until Friday this week to enter BEIS’s competition to win funding to develop new storage options that can deliver units sized at tens of MW. BEIS is looking for “innovative, replicable” solutions that could offer an alternative to…

Read more →

Tidal energy company Sustainable Marine Energy (SME) has secured equity investment totalling £3.46 million to further develop its PLAT-I tidal energy platform system. In the company’s latest funding round, the Scottish Investment Bank (SIB) committed £1 million on behalf of…

Read more →

Ofgem wants to simplify the Capacity Market rules to widen participation, reduce costs and promote secondary trading. In a five-year review of the market, the regulator said it had provided security of supply, but was undermined by its complexity. Companies…

Read more →

Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value of £50 million. The  portfolio contains all five of the wind farm investments made by the Environmental Capital Fund (ECF), a specialist infrastructure…

Read more →

The Brexit delay has left carbon emitters, including power generators, with uncertainty over multi-million pound emissions payments. The uncertainty arises because it is not clear whether UK companies will take part in the EU Emissions Trading Scheme (EU ETS) in future.…

Read more →

Ripple Energy is about to start crowdfunding to develop a platform that offers a new ownership model for renewables. It is using Seedrs to raise £750,000 for 23.21% of the company. Last month New Power editor Janet Wood spoke to Ripple’s…

Read more →

Parts of a structure at Longannet, Scotland’s last coal-fired power station, have been successfully demolished in a controlled explosion. The boiler annex east, close to the station’s chimney, was ‘blown down’ in calm conditions on Thursday by ScottishPower’s demolition contractor…

Read more →