E.On has confirmed it will sell its 46.65% stake in spin-off Uniper to Fortum for €22 per share. The  voluntary takeover offer was made on 7 November. When Uniper was spun off from E.On in 2016. 53.35 percent of Uniper stock…

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Toshiba has sold Westinghouse Electric Company, the nuclear company whose plant design is intended for construction in Moorside, Cumbria, to Canadian asset manager Brookfield for $4.6 billion. Westinghouse’s US reactor company is currently in bankruptcy protection after it was hit…

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RWE has started the new year with a new setup in its generation business. “We want to reposition our portfolio effectively in a changing market environment. This is why we decided last year to make our electricity generation companies more…

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The Joint Committee on the National Security Strategy (JCNSS) is to launch an inquiry into cyber security with a focus on the UK’s critical infrastructure. In January 2017, the previous Committee launched an inquiry called Cyber Security: UK National Security…

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Targets for capacity to be procured in the upcoming Capacity Market auctions have fallen slightly. Capacity to be procured for next winter (in the T-1 auction) has been cut by 1.1GW to 4.9GW. Capacity in the T-4 auction has been…

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Foresight Group’s 6MW Gedling Solar Farm in Nottinghamshire has produced honey from hives situated on the farm, managed and collected by The Friends of Gedling Country Park. With a grant provided by Foresight, six beehives were purchased and occupied with…

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Legal & General Capital and Systemiq have announced an investment in Upside Energy, a Manchester-based company that has developed a cloud platform that uses advanced algorithms and artificial intelligence to co-ordinate connected devices to deliver flexibility services to the energy system.…

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Shell is to buy 100% of First Utility, subject to regulatory and other approvals. The deal is expected to complete in early 2018. Shell said its  energy supply, trading and marketing expertise, combined with First Utility’s experience, will enable First…

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Ofgem has granted a claim for compensation for cable failure in the subsea connection to the Walney 2 offshore wind farm. The regulator decided that the failure at Walney 2 from 14 December 2015  to 19 March 2016 was an ‘exceptional event’…

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Power exchange Nord Pool has joined with Norwegian energy company Agder Energi to jointly develop a new marketplace capable of exploiting decentralised flexibility. Now Nord Pool says it has “ambitions to have a pilot in the GB as soon as…

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