The government is acting to help direct investments from UK pension funds into activities that fulfil environmental, social and governance (ESG) aims – such as investments in green energy. The Department for Work and Pensions (DWP) has opened a consultation…
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ESB acquires battery from Anesco
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ESB has acquired a 7MWh battery storage site from renewables developer Anesco for an undisclosed sum – the Irish utility’s first grid-connected energy storage project in GB. Mill Farm near Grantham, Lincolnshire, comprises six battery storage containers. The project was…
TRIG acquires Solwaybank wind farm
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The Renewables Infrastructure Group (TRIG) has acquired the 30MW Solwaybank wind farm in Dumfries and Galloway, buying it from developer RES. RES began preparing ground for construction in April 2018 and it will continue to operate the 15-turbine project. The Senvion…
Thrive Renewables and Aura Power to site batteries on I&C sites and share revenues
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Thrive Renewables and Aura Power have launched a joint venture that will install and operate batteries for industrial and commercial users free of charge, sharing the revenues. The companies are targeting businesses spending at least £500,000 a year on electricity.…
Summit Power says gas plant with CCS can flex to provide grid services
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Summit Power claims its planned gas-fired power station with carbon capture, the Caledonia Clean Energy Project (CCEP) will be able to ramp its power output up and down, and its cost will stack up against other options, according to feasibility studies. Previously,…
Ofgem may set tougher financial tests for suppliers
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Ofgem will consult in late summer on changes to energy supply licences that could mean suppliers have to face more financial tests. Two companies have exited the market this year requiring the ‘Supplier of last resort’ (SOLR) process to be…
UKPR joins with Fluence for battery installation
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UK Power Reserve (UKPR) has joined with storage technology provider Fluence to build the first phase of its 120MW battery storage portfolio. UKPR has Capacity Market contracts for 120MW of battery storage and is starting construction on the first 60MW.…
Citizens Advice: Ofgem should pursue potential £4.1 billion network savings by rethinking ‘cost of equity’ calculation
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Ofgem has overestimated the amount of risk investors bear when they take a stake in energy networks, Citizens Advice has argued in a new report. It says that Ofgem could save customers over £4 billion over the next price control…
REA: local authorities can help EV rollout
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The Renewable Energy Association has today launched “Taking Charge: how local authorities can champion electric vehicles,” a guide for Local Authority (LA) officers, councillors, developers, and individuals designed to educate about the taxes and grants available to Local Authorities, and highlight ‘best…
Ashden Awards for innovative energy schemes
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Two local energy trading innovations have won Ashden awards for sustainable energy pioneers. Energy Local Club allows households to benefit directly from electricity produced by local renewable generators. The first ELC started in 2016 in Bethesda, Gwynedd with 100 local households and…