It will cost the same to self-generate and store power as it will to buy from an energy provider by 2022 in Europe, Ernst and Young have said in a new report. The firm also predicted that electric vehicles would…
News
Welsh government offers cash to kick-start Swansea tidal project
by Annabel Andrews • • Comments Off
Welsh first minister Carwyn Jones has committed to providing further investment to kick-start the Swansea Bay Tidal Lagoon and is calling on the UK government to give the project the green light. Jones has sent a letter to prime minister Theresa…
New CCGT planned for Ferrybridge
by New Power • • Comments Off
SSE has announced plans for a new CCGT at the Ferrybridge site in Yorkshire. The new plant will be known as Ferrybridge ‘D’ and will have a generating capacity of up to 2,000MW. SSE owned and operated the coal-fired Ferrybridge ‘C’ power…
Ofgem confirms ‘cap and floor’ guarantee for 4.2GW of interconnections – but Brexit raises concern
by New Power • • Comments Off
Ofgem has confirmed it will guarantee returns for investors in three new Interconnector projects totalling 4.2GW. The three - GridLink (to France), NeuConnect (to Germany) and NorthConnect (to Norway) – will all be able to operate under a ‘cap and floor’…
E.On confirms sale of Uniper stake to Fortum
by New Power • • Comments Off
E.On has confirmed it will sell its 46.65% stake in spin-off Uniper to Fortum for €22 per share. The voluntary takeover offer was made on 7 November. When Uniper was spun off from E.On in 2016. 53.35 percent of Uniper stock…
Toshiba sells Westinghouse nuclear plant unit to Brookfield
by New Power • • Comments Off
Toshiba has sold Westinghouse Electric Company, the nuclear company whose plant design is intended for construction in Moorside, Cumbria, to Canadian asset manager Brookfield for $4.6 billion. Westinghouse’s US reactor company is currently in bankruptcy protection after it was hit…
Restructuring for RWE, cost cutting for offshoot Innogy
by New Power • • Comments Off
RWE has started the new year with a new setup in its generation business. “We want to reposition our portfolio effectively in a changing market environment. This is why we decided last year to make our electricity generation companies more…
MPs to investigate cyber security of critical infrastructure
by Annabel Andrews • • Comments Off
The Joint Committee on the National Security Strategy (JCNSS) is to launch an inquiry into cyber security with a focus on the UK’s critical infrastructure. In January 2017, the previous Committee launched an inquiry called Cyber Security: UK National Security…
Capacity Market auction targets slimmed
by New Power • • Comments Off
Targets for capacity to be procured in the upcoming Capacity Market auctions have fallen slightly. Capacity to be procured for next winter (in the T-1 auction) has been cut by 1.1GW to 4.9GW. Capacity in the T-4 auction has been…
Gedling Solar Farm generates local honey
by Annabel Andrews • • Comments Off
Foresight Group’s 6MW Gedling Solar Farm in Nottinghamshire has produced honey from hives situated on the farm, managed and collected by The Friends of Gedling Country Park. With a grant provided by Foresight, six beehives were purchased and occupied with…