Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the final quarter of 2019, according to new figures released by Ofgem. The latest information from the regulator showed that there are currently 51…
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Uber EV trial identifies barriers to electric private hire fleets
by Annabel Andrews • • Comments Off
A three-month trial conducted by Uber and the Energy Saving Trust (EST) has identified the issues holding back further penetration of electric vehicles into the capital’s fleet of private hire vehicles. The EST said these issues could be summed up…
Guernsey investigates offshore wind
by New Power • • Comments Off
A preliminary feasibility study has concluded that offshore wind technology could be viable in several locations off Guernsey’s coast. The study, by Xodus Group, was funded jointly by the States of Guernsey and Guernsey Electricity. It found that developing a…
National Grid’s French interconnector profits drop 41% year on year
by Annabel Andrews • • Comments Off
National Grid’s profits from its French interconnector fell 41 per cent from £123m in 2015 to £72m in 2016, the company said in its annual results announced today. The company said this was driven by lower power price differentials between the…
Ofgem gives approval for Project Nexus go-live on 1 June
by Annabel Andrews • • Comments Off
Project Nexus, the gas settlement reform programme, is set to go live on 1 June after the Project Nexus Steering Group met today to make the final go/no go decision. Yesterday, Ofgem told the steering group it would not delay Project…
Court ruling reinstates consent for 2.3GW of offshore wind
by New Power • • Comments Off
Plans for four large offshore wind farms in the Firth of Forth have had their planning consents restored after a decision from a Scottish court. Together the schemes represent generating capacity of 2.3GW. One of the schemes, Neart Na Gaoithe…
UK back in top 10 renewable energy investment destinations but “continues to underwhelm investors”, says EY
by Annabel Andrews • • Comments Off
The UK has climbed back into the top 10 in EY’s index of the world’s most attractive renewable energy markets. However, the firm said this was because of other countries dropping down the table, rather than because the UK’s appeal…
Cloud-based trading platform launched
by New Power • • Comments Off
Trading specialist OpenLink has launched a cloud-based platform for trading, treasury and risk management.OpenLink said the system was developed with 50 of its largest and most sophisticated energy and financial services clients. Customers will have immediate access to OpenLink’s dynamic…
Sandbag has joined energy generators in plea for carbon floor price visibility
by Annabel Andrews • • Comments Off
Climate policy think tank Sandbag has joined energy firms in co-signing a letter to party leaders, recommending they commit to the Carbon Price Support after 2021 in their election manifestos. The letter argues that the carbon price floor and support…
Wartsila acquires energy management company, expecting storage to grow ‘exponentially’
by New Power • • Comments Off
Wartsila is to acquire storage company Greensmith Energy Management Systems. Wartsila says the acquisition will “to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator.” Greensmith’s energy management software system, GEMS,…