Northumbrian water is sourcing all its power from Ørsted in a new green electricity deal that started on 1 April. It is one of the biggest contracts the water company has ever awarded. Ørsted supplies renewable electricity from nine offshore wind farms…
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CBI: maintaining UK access to EU’s energy market benefits all sectors
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Changes to rules in the energy sector could have ramifications across the UK economy, according to business lobby group the CBI, so it is extremely important that it remains as close as possible to the EU. That contrasts with specific…
Co-Operative Energy to acquire Flow Energy
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Flowgroup is to sell energy supply business Flow Energy to Co-Operative Energy for £9.25 million, saying planned price caps would make it less likely customers would switch supplier. In November the company decided to maintain customer levels below 250,000 so…
Tenaga Wind Ventures refinances UK wind farms
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Tenaga Wind Ventures UK has refinanced its 80% interest in GVO Wind and Bluemerang Capital, two onshore wind companies acquired on 28 February. The company, a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad, opened a £120 million refinancing facility with Bayerische…
Siemens to construct Stockton peaking plant
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Siemens is to design and build a decentralised gas peaking plant in Stockton on Tees for Hartree Partners, comprising six SGE86-EM 2MW containers. The peaking plant at use Siemens’ E-series engines designed for gas peaking plants, industrial power generation and…
SPEN relaxes restrictions on Scottish PV installers
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It will be easier for solar PV installations up to 200kW to connect in Scotland because Scottish Power Energy Networks (SPEN), the distribution network operator (DNO) has agreed to relax restrictions. STA Scotland provided SPEN with evidence on the modest network impact…
Origami Energy attracts £18 million in new funding
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Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets, has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…
New funding raised for Islandmagee gas storage project
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InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…
Scottish Enterprise awards R&D grant to Aggreko
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Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…
SSE Airtricity takes stake in PV installer
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SSE Airtricity is to acquire 40% of Activ8 Solar Energies, a supplier of rooftop solar systems to home and business customers. The acquisition is subject to approval by the Competition and Consumer Protection Commission. Under the terms of the agreement SSE…