Engie UK is to quit the UK domestic energy supply market and has sold its 70,000 domestic customers to Octopus Energy. Engie’s business energy customers and district energy supply operations are not affected by the acquisition; Engie said its strategic exit from…
News
Germany beating offshore wind targets, says grid owner TenneT
by New Power • • Comments Off
Germany has already passed its 2020 target for expanding offshore wind connections, says transmission network operator TenneT, which operates in Germany and the Netherlands. The government target for the North Sea and Baltic Sea for 2020 is 6.5GW and TenneT’s current total…
Anesco picks up management for more solar sites
by New Power • • Comments Off
Anesco is to provide operations and maintenance services for a further 10 UK solar farms, on behalf of Foresight Group and Alpha Real Renewables. The 10 sites have a combined capacity of 71MW. Anesco’s O&M team now looks after more…
Green energy sector jobs and turnover are growing despite PV setbacks, says ONS
by New Power • • Comments Off
The solar sector saw employment fall from 9,900 full-time equivalent (FTE) in 2015 to 6,600 in 2018, according to new figures released by the Office for National Statistics (ONS). Turnover in the sector fell from £2.7 billion in 2015 to £1.8 billion in 2018, it…
Capacity Market procurement targets see volumes set to fall
by New Power • • Comments Off
The government has set target procurement for the winter of 2022/23 at 44GW. The capacity will be procured in an auction on 30-31 January. Capacity for the following winter (delivery in 2023/24) is expected to be slightly lower at 43.3GW…
Climate and environment dominate WEF’s annual Global Risks Report
by New Power • • Comments Off
Environmental risks led by extreme weather and climate action failure are both the most likely risks facing the world and those with most impact, according to the latest annual Global Risks Report, produced by the World Economic Forum ahead of…
Opinion: Tackling the cartel damages question
by Annabel Andrews • • Comments Off
How will courts handle damage claims where a cartel has been found to be operating? A recent decision gives some indications BritNed v ABB is the first competition damages action, based on a European Commission cartel decision, to reach judgment…
Mayor launches London Power supplier
by New Power • • Comments Off
London Power, a partnership between Octopus Energy and the Mayor of London, launched this week. The company offers two tariffs, My London fixed yearly plan and My London top-up plan. The Mayor will become one of the first customers of the company…
Co-Op offers tariff sourced from community renewables projects
by New Power • • Comments Off
Co-op Energy has today launched a Community Power Tariff, which offers green energy sourced from 90 local renewable energy generation projects across the UK. The Community Power tariff offered by Co-op Energy will be delivered by Co-op Community Energy, a joint venture…
Cost pressure in the offshore wind sector ‘could drive up disputes’
by New Power • • Comments Off
Disputes could be set to grow in offshore wind projects, say Charlie Lightfoot (partner) and Rachael Cresswell (associate) in Jenner & Block’s International Arbitration Practice. In an article in the January issue of New Power Report the authors say that growing…