Seagreen Wind Energy has launched a corporate purchase power agreement (cPPA) for its offshore wind farm with half the duration of past contracts, aiming to give corporates flexibility. CPPA contracts are typically 10 years or more in duration, but Seagreen…
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SSE disposes of SGN stake for £1.225 billion
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SSE has agreed to sell its remaining 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) for £1.225 billion to a consortium of the Ontario Teachers’ Pension Plan Board (which is already a shareholder in SGN) and Brookfield…
Ofgem flags local solutions to heat decarbonisation, as gas networks are told to plan ‘village trial’ with up to 2000 hydrogen users
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Decarbonising heat is among four options for which energy networks can apply for funding in the first round of Ofgem’s new innovation funding mechanism. But major trials for converting the gas network to hydrogen flagged in the government’s ‘ten point…
SGN, Vital join over heat networks as Kensa proposes new model
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As low-carbon heat provision comes under the spotlight two new options for heat networks have been announced. Gas distribution company SGN has joined with renewable energy provider Vital Energi to develop, own and operate low and zero-carbon heat networks. The…
Clean Growth Fund’s first investment is electric ‘drop in’ gas boiler replacement
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The Clean Growth Fund has made its first investment in low carbon heating, leading a £2.5m investment round in tepeo to support commercialisation of its ‘zero emission boiler’ for the domestic heating market Tepeo, boiler is a drop-in replacement for…
North of Scotland transmission network value set to pass £6 billion by 2026
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SSEN Transmission could see its regulated asset value (RAV) increasing to over £6 billion by 2026, the end of the current price review period (RIIO2), it said in a trading update. The company, which owns and operates the transmission system…
Planning consent confirmed for waste to energy plant at Ratcliffe-on-Soar
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The Secretary of State for Housing, Communities and Local Government, has decided not to not to call in a planning application for a waste-to-energy project being developed by Uniper on its Ratcliffe-on-Soar site. The 49.9MW project, dubbed the East Midlands…
Octopus Renewables to acquire five solar PV projects in Republic of Ireland
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Octopus Renewables Infrastructure Trust has agreed acquisition of five solar PV sites near Dublin from Statkraft Ireland. The five sites are expected to have an installed capacity of up to 250MW. Completion of the acquisition is conditional upon four of…
UKPN joins with water companies to exchange details on vulnerable customers who need ‘priority service’
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UK Power Networks has joined forces with Thames Water and Essex and Suffolk Water, claiming it is the first electricity Distribution Network Operator to integrate its Priority Services Register (PSR) with records held by water utilities that operate in the…
UPDATED Ecotricity sets out firm offer for Good Energy shareholders
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Ecotricity has firmed up its offering to Good Energy shareholders in its bid to acquire the green energy specialist at a share price of 340p. In its offer to shareholders, the company said “the energy market has become increasingly competitive,…