Octopus Investments has expanded the £484m solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector. An additional 100MW of solar assets have been brought into the portfolio with…

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Vattenfall has launched an independent distributions business for GB. Vattenfall Networks was granted a licence on 1 November and is expected to begin operations in 2018. It will be headed by Stewart Dawson. The new unit Vattenfall IDNO, an Independent Distribution Network Operator,…

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Balancing and settlement company Elexon wants to set up a market ‘sandbox’ to allow companies to test  innovative products or ideas for the electricity market. The idea follows Ofgem’s similar approach, which allows for a temporary derogation from existing rules,…

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Scotrenewables Tidal Power is seeking new funding to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to lead the investment process out of…

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A new hydroelectric power plant will be officially opened today (Friday)  by Geoffrey Boycott, the ex-Yorkshire and England cricketer. The 500kW Knottingley scheme,  half a mile down the Aiire river from the  Ferrybridge coal-fired power station  has been developed by…

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National Grid has announced it will stop tendering four frequency response and two short term operating reserve (STOR) products, aiming to reduce complexity and help new providers enter the market. The System Operator will bring Enhanced Frequency Response, Rapid Frequency…

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Ørsted, formerly known as Dong Energy, has signed an agreement to sell 50% of the 659MW Walney Extension offshore wind farm project. The buyers will be a consortium consisting of two Danish pension funds. Each investor will obtain a 25%…

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The Energy Networks Association has launched a consultation on its Gas Network Innovation Strategy. The strategy sets out the challenges and the opportunities facing the gas transmission and distribution networks as the UK looks to decarbonise its energy system. It…

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EDF Energy Renewables is selling a majority stake in five of its UK onshore wind farms to Greencoat UK Wind. EDF Energy Renewables will continue to own a 20% share in the wind farms and will  continue to run the…

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Data businesses will be ahead of utilities in the rollout of residential demand management (RDM), which will allow users to participate in balancing supply and demand, according to a survey of industry professionals carried out by Green Energy Options (Geo),…

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