The Competition and Markets Authority (CMA) has rejected an appeal from generators after Ofgem decided not to allow the generators to recover an extra £120 million in transmission charges from customers. The generators had claimed that their network charges in…
News
Offshore wind in 2050: robotic inspections, 200m blades and multiple rotors
by Annabel Andrews • • 1 Comment
Offshore wind could meet a third of the UK’s electricity demand within 12 years due to pioneering designs and mature storage technology, according to predictions published today by the Offshore Renewable Energy (ORE) Catapult. Based on the Catapult’s current research and…
Catapult calls on offshore wind specialists to tap into emerging technologies innovation fund
by New Power • • Comments Off
The Offshore Renewable Energy (ORE) Catapult is calling for novel technologies that can service the offshore renewables’ industry. It wants new autonomous subsea and subsurface inspection techniques and improved condition monitoring systems for offshore wind farms. Successful respondents could benefit from a £19…
Greencoat acquires 24 solar farms
by New Power • • Comments Off
Canadian Solar has completed the sale of 24 operational solar power plants across England, Wales and Scotland, totalling 142MWp, to Greencoat Solar II, managed by Greencoat Capital. The portfolio is expected to provide inflation-linked solar power generation revenues for a period of 20 years under the Renewables…
Hyperdrive and Nissan complete £19m High Energy Density Battery project
by Annabel Andrews • • Comments Off
Nissan and Hyperdrive Innovation, the Sunderland-based developer and manufacturer of lithium-ion battery technology, have completed the government-backed High Energy Density Battery (HEDB) project. The HEDB project was funded through The Advanced Propulsion Centre (APC), a joint Government and automotive industry initiative to…
ONR begins procurement to replace Euratom nuclear safeguards system
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The Office for Nuclear Regulation (ONR) has begun procuring a system to track nuclear materials in the UK and ensure they are not diverted from civilian uses, which will be required if, as planned, the UK exits the Euratom treaty…
John Laing offers £30m share issue to fund biomass and AD expansion
by Annabel Andrews • • Comments Off
John Laing Environmental Assets Group Limited has proposed a £30m share issue to finance a pipeline of biomass and anaerobic digestion projects. The company said the proceeds of the share issuance will be used to repay amounts drawn down to…
4MW battery goes into operation in Bridgend
by New Power • • Comments Off
Kiwi Power has begun operation of a smart battery system ‘behind the meter’ at Parc Stormy, the Cenin Renewables site near Bridgend, Wales. The 4MW battery will provide frequency support services to National Grid. Cenin’s 20-acre site includes a low carbon cement production facility, a…
Citizens Advice adds to call for more oversight of new energy suppliers
by New Power • • Comments Off
Citizens Advice has called for new entrants to the energy market to face greater scrutiny. The call comes as Ofgem announced that it has opened an investigation into small supplier Iresa. It is considering whether the company has broken rules…
Uniper acquisition leads to ratings downgrade for Fortum
by New Power • • Comments Off
Ratings agency Moody’s Investors Service has downgraded Finland’s Fortum, following its €3.8 billion acquisition of a 47.12% stake in E.On spinoff Uniper. The agency said the deal would increase Fortum’s financial leverage, and although Fortum would be Uniper’s largest shareholder, it would not be…