The UK’s large electricity networks return a third of their revenue as profit, claims the Energy and Climate Intelligence Unit (ECIU), and cumulatively at least half – over £5 billion – has been paid in dividends to the companies’ overseas…

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Maas Capital (part of the ABN AMRO Bank) is to invest £160 million to fund the installation of solar panels from Solarplicity on affordable housing in England and Wales. Solarplicity will partner with social housing providers to install panels on…

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Dong Energy is to install a 2MW battery at its Burbo Bank offshore windfarm near Liverpool.The battery will be supplied by ABB. The 90 MW Burbo Bank offshore wind farm has been in operation since 2007. The battery will help…

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The Scottish Government is to provide £1.8 million from the Low Carbon Infrastructure Transition Programme to fund a new geothermal heating system for new homes at the former Johnnie Walker bottling plant in Kilmarnock. The homes are part of a three-phase…

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SSE has issued a €600  million green bond to refinance its portfolio of recently constructed or under construction onshore wind farms. The company said there was “significant demand” for the eight-year, 0.875% bond, which it said made it possible to price…

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In the past five years energy companies have made £191 million in voluntary redress payments when they broke rules, in addition to direct payments made to customers. Now Ofgem has appointed the Energy Saving Trust (EST) to manage the allocation…

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Ofgem has granted its first ‘Licence Lite’ approval, to Evenergi. The ‘lite’ licence is intended to help new suppliers enter the electricity supply market. It allows the new entrant to partner with an existing licensed supplier – who assumes responsibility…

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Electricity distribution network operators (DNOs) have been warned they may face penalties if they do not improve their performance on upgrading connections or connecting new customers to the network.The poor performance relates to connecting larger customers. DNOs have a bonus/penalty…

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UK Power Networks is inviting expressions of interest from distributed energy operators who can increase generation or reduce consumption on request at 10 locations across the network, including Broad Oak, Harpenden, Cockfosters, Merryhill, Lewes and Rainham. Until 8 September, companies…

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The Energy Networks Association’s (ENA) Open Networks Project has launched a consultation to seek views on how to create a smart electricity grid that enables new markets and opportunities for distributed energy technologies, battery storage, solar panels and services such…

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