Construction has begun on the Achlachan wind farm, one of 15 onshore wind projects to secure a Contract of Difference in 2015. The 10MW, five turbine project is scheduled to be commissioned in early January 2019. Developer Whirlwind Renewables signed a 15-year power purchase…
News
Mynydd y Gwynt refusal upheld
by New Power • • Comments Off
The Appeal Court has upheld a High Court judge’s decision that the secretary of state could refuse to grant a Development Consent Order for the Mynydd y Gwynt wind farm because the developer provided insufficient information to approve it. The…
Paying for energy policy through taxation would reduce energy bills for 70% of households, says UKERC
by Annabel Andrews • • Comments Off
Some 70% of UK households would be better off if energy policy costs were removed from gas and electricity bills and applied according to household income, according to research published today by the UK Energy Research Centre. In ‘Funding a Low…
Northern Powergrid announces plan to cut network losses
by New Power • • Comments Off
Northern Powergrid has announced a new plan to forecast and reduce losses on its power network. Distribution network operators (DNOs) are required to reduce losses and until the current price review period they had financial incentives to do so. However,…
Malaysian power company acquires UK FIT wind portfolio
by New Power • • Comments Off
Malaysia’s power company, Tenaga Nasional Berhad (TNB) has acquired 80% of two UK renewable energy companies – GVO Wind and Bluemerang Capital – for £171 million. This acquisition, via wholly owned subsidiary, Tenaga Wind Ventures UK, is TNB’s first foray into onshore…
European power mergers hold steady in 2017
by Annabel Andrews • • Comments Off
Mergers and acquisitions in the European power and utilities sector fell 1% between 2016 and 2017, as pool prices and electricity demand stayed low, according to the EY report Power transactions and trends: 2017 review and 2018 outlook. European deal value…
CMA opens investigation into Npower/SSE Retail merger
by New Power • • Comments Off
The Competition and Markets Authority (CMA) has opened an investigation into the merger between SSE Retail and Npower and whether it damages competition in the energy supply market. It is inviting written representations to be made by 14 March. The…
Origami Energy, Greenbyte win software contracts
by New Power • • Comments Off
SmartestEnergy has chosen Origami Energy’s technology platform to manage its customers’ distributed energy assets and consumption. Smartest said the collaboration will allow it to offer real-time, flexible energy management services to help its customers unlock the rapidly increasing value of…
Financial close for Spalding Energy Expansion
by New Power • • Comments Off
Intergen has announced financial close and funding for Spalding Energy Expansion, a 300MW gas-fired plant in Spalding, Lincolnshire, which was awarded a 15-year capacity agreement in the December 2016 Capacity Market auction. The project has signed a contract with Siemens for an…
Over 100 global cities use at least 70% renewable energy
by Annabel Andrews • • Comments Off
Over 100 cities get at least 70% of their electricity is from renewables, according to a new report from environmental non-profit CDP. CDP holds information from over 570 of the world’s cities and names over 100 now getting at least 70% of…