Ratings agency Moody’s has assigned it’s highest grade (GB1) to latest green bond offering from Tennet, the Dutch state-owned electricity transmission system operator. The bonds, called Green Medium Term Notes will be offered as part of Tennet’s Euro Medium Term Note Programme and…
News
Anesco Community Energy buys two solar farms
by Annabel Andrews • • Comments Off
Anesco Community Energy has purchased another two solar farms near Stratford-upon-Avon, bringing the company’s generation capacity to 19MW, including 4MWh of battery storage. It has agreed the purchase of the sites, named Willows and Poplars, from Anesco Ltd. The purchase…
40MW straw-fired biomass plant goes live in Lincolnshire
by Annabel Andrews • • Comments Off
The 40MW Brigg Renewable Energy Plant 40MW straw-fired biomass plant has officially opened in Lincolnshire, making it the largest dedicated straw fired biomass plant in the UK. The plant is owned by BWSC North Lincs Ltd (BNLL), a joint venture…
Tidal lagoons: call for evidence open until 31 July
by New Power • • Comments Off
Former energy minister Charles Hendry has published a call for evidence on feasibility and practicality of tidal lagoons in the UK. The government announced that the review would report in the autumn and the call for evidence closes on 31…
Dong sets IPO price range and date
by Annabel Andrews • • Comments Off
Danish utility and offshore wind developer Dong Energy has published more details about its intended initial public offering (IPO) on Nasdaq Copenhagen, including a nindicative price range has been set at DKK 200 to DKK 255 per share. This proposed float price…
Consumers must have access to their energy data by 2017, government says
by Annabel Andrews • • Comments Off
Consumers across the energy and other regulated sectors should have easy access to the data they need to find the best deal and they should also be able to easily and securely share this data with price comparison websites and…
National Grid and RES launch sub-second frequency response service
by Annabel Andrews • • Comments Off
National Grid and Renewable Energy Systems (RES) are working on the first battery energy storage systems to provide a dynamic frequency response service in under a second in Great Britain. The companies have signed a four year contract that will…
Beatrice wind farm wins £525M in EIB funding
by New Power • • Comments Off
The Beatrice windfarm has won the European Investment Bank’s (EIB’s) single largest investment in an offshore wind project. The EIB is providing £525 million for construction of the project to be built 14km off the Caithness coast. The 19-year long-term…
National Grid profits up by 6 per cent, fueled by strong performance from French interconnector
by Annabel Andrews • • Comments Off
National Grid’s operating profit was £4,096m in 2015-16, up £233m (up 6%) compared with the previous year at actual exchange rates, according to the firm’s annual results. The company said that its interconnector with France had helped boost it’s earnings…
SSE plans broadband and boiler-service offerings to halt customer slide
by New Power • • Comments Off
SSE has announced plans to sell up to a third of its 50% stake in gas distribution network business SGN. The company said it was likely to return the cash to shareholders. In results for FY2015/16 SSE said customer energy…