Atrato Onsite Energy has raised £150 million to invest in commercial rooftop solar in the UK. The new renewables investment trust said the initial public offering was oversubscribed ‘multiple times’, and the capital would be deployed within 12 months. Gurpreet…

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National Grid expects to return its IFA interconnector with France back in full service in two stages, it said in its half-year results statement. One of the interconnector’s two 1000MW links was shut down after a fire at the convertor…

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Construction has started at the Cumberhead wind farm, a 50MW onshore project in South Lanarkshire, Scotland. It power will supply Kimberly Clark, whose companies provide household brands including Andrex, Kleenex and Huggies, under a power purchase agreement signed with wind…

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Vanadium flow storage company Invinity has raised £29 million in a new share offering and said “the timing is right to make Invinity’s utility-grade energy storage available to the global market”. It said over 25MWh of the company’s Invinity VS3…

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Facilities management company Mitie expects its energy-focused projects business to double to £200 million in FY23, it said in a financial update. Mitie announced the acquisition of connections company Rock Power Connections on 1 November. Carlo Alloni, Managing Director, Technical…

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SSE has announced a £12.5 billion five-year strategic capital investment plan that includes delivery of over 25% of UK’s 2030 40GW offshore wind target – a 65% step-up in annual investment on its previous plan. It also plans to invest…

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Piclo has launched Piclo Exchange, a secondary trading marketplace for Capacity Market Providers. The Capacity Secondary Market has seen almost 300 trades in each of the previous two delivery years, worth between £15M and £35M, Piclo says. Now Capacity Market…

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Massachusetts Mutual Life Insurance, a US life insurance giant, has joined forces with UK-based Low Carbon Limited to become a European independent power producer (IPP), which is targetting 20GW of renewable energy capacity by 2030. The partnership says it will…

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H2 Green has signed an agreement with Shoreham Port Authority that gives it exclusive rights for two years to develop a ‘renewable energy hub’ with port-based hydrogen, ammonia and new onshore wind and solar power generation capacity at the Port…

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Ofgem is issuing five suppliers with provisional orders, compelling them to pay £575,000 in total for the Feed-in Tariff scheme, which provides payments to owners of small-scale renewable energy generators, and is funded through compulsory levies on suppliers. The suppliers…

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