Greencoat Renewables has agreed to acquire the 36MW Dromadda More wind farm in County Kerry from Impax. The 11-turbine wind farm is currently being energised and is expected to be commissioned in March 2018, at which point the acquisition will…
News
European utilities write-off €23b from assets, despite fall in impairments
by Annabel Andrews • • Comments Off
New EY research finds that 2016 saw a significant fall in asset impairments reported by European utilities. But according to the report, at €23b it was larger than might have been anticipated given a recovery in energy commodity prices, and…
Solar fund acquires two new plants
by New Power • • Comments Off
Next Energy Solar Fund has acquired two operating solar plants with a total installed capacity of 8.6MWp. They are Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham). Gilley’s Dam was connected to the grid during March 2016 and receives…
BP and Lightsource to partner in £200 million deal to drive solar development worldwide
by New Power • • Comments Off
BP is to invest £200 million in solar developer Lightsource over there years. It will acquire 43% of the company over that time, the company will be renamed Lightsource BP and BP will have two seats on the board of…
Design for new nuclear plant for Wylfa gets green light from regulator
by New Power • • Comments Off
The UK Advanced Boiling Water Reactor (UK ABWR), designed by Hitachi-GE, is suitable for construction in the UK, the Office for Nuclear Regulation has concluded. Horizon is planning to build and operate two of the ABWRs, which will together provide…
Atlantis acquires Uskmouth plant, plans more expansion
by New Power • • Comments Off
Simec Energy is to sell its Uskmouth power plant in Newport, South Wales, to Atlantis Resources. Completion is expected in Q1 2018. Atlantis wants to “build a diversified renewable energy company of scale”. It plans to convert the 220MW Uskmouth plant to…
BEIS committee warns: ‘hard’ Euratom exit ‘highly risky’ for nuclear sector and puts power plant operations in doubt
by New Power • • Comments Off
Leaving the EU’s nuclear safeguards agreement Euratom “comes at a cost of millions, with very real doubts that it will actually be ready in time” the Select Committee on Business, Energy and Industrial Strategy (BEIS) has warned in a new…
Good Energy and New Motion start trial for EV charging proposition
by Annabel Andrews • • Comments Off
Good Energy, the 100% renewable electricity and green gas provider, has signed a pilot agreement with Europe’s largest smart charging solutions provider for electric vehicles, NewMotion. The pilot agreement will see NewMotion install smart electric vehicle charging points at Good…
National Audit Office: Green Investment Bank bids were below minimum acceptable valuation
by New Power • • Comments Off
Two offers made to buy the Green Investment Bank (GIB) were both below the government’s minimum acceptable valuation, according to the National Audit Office (NAO). Macquarie, the winning bidder, raised its offer during the process, but at the same time it…
BSR takes over O&M for Westmill solar farm
by Annabel Andrews • • Comments Off
British Solar Renewables has won a contract to operate and manage the UK’s first community-owned renewable energy project, Westmill. The co-operative that runs the solar farm chose BSR to manage the 5MW project following a competitive tender, and the contract…