Climate change, and fears over lack of mitigation or adaptation, has been rated the top risk on the World Economic Forum’s 11th annual Global Risk Report – higher than weapons of mass destruction. What is more, it was closely linked…
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E.On to sell UK exploration and production business to Premier Oil
by Annabel Andrews • • 0 Comments
E.On has signed an agreement to sell its UK exploration and production subsidiaries to Premier Oil for $120 million (£83 million). The portfolio includes stakes in 40 licenses, including a 5.2 per cent interest in the Elgin-Franklin field, a 47…
Scotland should source half of all energy from renewables by 2030, says industry body
by Annabel Andrews • • 0 Comments
Industry body Scottish Renewables has said Scotland should generate the equivalent of 50 per cent of its total electricity, heat and transport demand from renewables by 2030. Renewables currently produce the equivalent of 15 per cent of Scotland’s energy use from electricity,…
NextEnergy acquires 53MW solar PV parks in Cambridgeshire and Gloucestershire
by Annabel Andrews • • 0 Comments
NextEnergy Solar Fund limited has bought three operating solar PV plants for £61.7 million. It now owns the 20.4MW Fenland plant and 24.8MW Green End plant, both in Cambridgeshire; and the 8.1MW Tower Hill solar farm in Gloucestershire. The three plants are grid-connected…
Eggborough owner buys Lynemouth power station from RWE
by New Power • • 0 Comments
Central European energy group EPH has added Lynemouth to its UK portfolio, buying the power station – due to be converted to burn biomass – from RWE. EPH already owns the 2GW Eggborough power station. Lynemouth is a 420MW coal-fired…
National Grid publishes guidelines for Capacity Market transitional auction
by Annabel Andrews • • 0 Comments
National Grid has published guidelines for the 2016 transitional Capacity Market auction. The secretary of state has set the target capacity for the auction at 900MW and the price cap at £40/kW/year. The transitional auction will take place on 26 January 2016. Click…
RES to build battery energy storage facility for WPD
by Annabel Andrews • • 0 Comments
RES are to engineer, procure and construct a 300kVA/640kWh battery energy storage system for Western Power Distribution (WPD). The project will demonstrate nine different applications of energy storage on the grid as part of WPD’s initiative to investigate the technical and commercial feasibility…
National Audit Office fears 1 in 3 major government projects are in doubt
by Annabel Andrews • • 0 Comments
A third of major government projects due to deliver by 2020 are in doubt or unachievable unless action is taken, according to a report published by the National Audit Office. Amyas Morse, head of the National Audit Office, said: “I…
EC fears market distortion: plans in-depth investigation of new Drax conversion
by New Power • • 0 Comments
Plans to convert a third unit (of six) at the Drax power station to burn biomass, instead of coal, have received a knock after the European Commission announced plans for an in-depth investigation of whether government support for the project…
Interested in community energy? Here’s some projects urgently looking for investors
by New Power • • 0 Comments
Community Energy schemes have been rocked by government’s decision to make energy projects ineligible for the tax reliefs offered under the Enterprise Investment Scheme. The cut-off for eligibility is the end of November, but there are still some schemes out…