Centrica announced today that it will raise £700 million by issuing around 350 million additional shares, a move that ratings agency Moody’s described as “a credit positive step”. The issue represents around 7 per cent of the company’s share capital. Centrica will place the shares…

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A consultation on an updated EU policy on sustainable bioenergy for the period 2020-2030 closes next week on 10 May. The European Commission is asking energy market participants and other stakeholders to respond to an online survey. The Commission said it was…

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The governments draft legislation on energy should be amended to ensure decisions the regulator makes are transparent and open to appeal, the cross-party Energy and Climate Change Committee has recommended in a report published today. The committee has been scrutinising the Government’s…

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Sustainable Marine Energy (SME) has moved its operational base to Orkney and will be connecting its first system to the grid at the European Marine Energy Centre (EMEC) over the coming months. This deployment will then be followed by a larger 240kW…

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      Siemens is to supply, install and commission 102 wind turbines, each with a capacity of seven megawatts and a rotor diameter of 154 meters, for the East Anglia ONE project.  The company will also be responsible for servicing…

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The fifth carbon budget should be set at 1,765 million metric tons of carbon dioxide equivalent (MtCO2e), the Energy and Climate Change Committee has told the government. In November 2015, the Committee on Climate Change (CCC) published its advice on the…

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ScottishPower has agreed to pay £18m in redress after an Ofgem investigation into the supplier’s complaint resolution, call handling and billing processes. Up to £15m will be paid in customer compensation and the rest will go to charity. Ofgem said ScottishPower…

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The Pension Infrastructure Platform (PIP) has closed the first tranche of its Multi-Strategy Infrastructure Fund, having raised £125m. Over the fund’s five-year investment period, it will buy and build a diversified portfolio of 15 to 20 UK infrastructure assets, including renewable energy…

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NorthConnect has applied for a licence to build an interconnector between Peterhead in Scotland and Simadalen in western Norway. The interconnector is planned to be a 500kV 1400MW HVDC subsea cable,  650km long. It is planned to go into operation…

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Centrica is to acquire Neas Energy for £170 million. Neas provides customers in six countries in Europe with a route to market and short-term trading optimisation services. The customers together have 2,500  windfarms, solar plants and combined heat and power…

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