The first fully commissioned turbine at offshore wind farm Rampion has started generating electricity. The installation of the turbines began in March 2017 and was completed ahead of schedule in September. The 400MW Rampion project is located 13 kilometres off…
News
Greencoat picks up more solar projects
by New Power • • Comments Off
BayWa r.e. has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital. The portfolio includes includes six solar farms spread across England and Wales totalling 30MW, and the 45MW Bann Road solar…
SGN to return £145m “unjustified profits” to customers
by Annabel Andrews • • 1 Comment
Scotia Gas Networks (SGN) has announced that it will voluntarily return £145m to customers after identifying excess profits from the most recent price control. Under Ofgem’s price control sharing mechanism this will result in £84 million being returned to customers. The…
Energy sector responds to Industrial Strategy
by Annabel Andrews • • Comments Off
Louise Kingham, chief executive of the Energy Institute, said: “The strategy lays solid, economy-wide foundations and identifies the great challenges of our age. The energy sector has a defining role to play in making a success for the UK of clean…
Launch of Ventient Energy brings new player to onshore wind sector
by New Power • • Comments Off
Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
Pensions investments tilting towards low-carbon
by New Power • • Comments Off
The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…
Opinion: The ‘coal’ truth is we need a gas resurgence
by Annabel Andrews • • Comments Off
Peter Hughes argues that the UK still needs large gas plant In the chronicles of Great Britain’s energy industry, 2017 will go down as a significant year. At a time already characterised by change and uncertainty, two events stand out.…
Shetland link cancelled after power station pollution limits delay
by New Power • • Comments Off
Ofgem has rejected plans for an electricity cable between Shetland and mainland GB, because a change in environmental legislation means it is not needed urgently. The regulator said cheaper options could now be employed and would be more flexible to…
‘Deep concern’ over renewables investment: industry responds to budget
by New Power • • Comments Off
No new funds will be made available for the Levy Control Framework, which funds new renewable electricity projects, until at least 2025, according to budget documents. Auctions planned to 2020 will go ahead. There was also little clarity on a…
Hinkley Point C: government made ‘grave strategic errors’ and customers will bear the cost for decades, says Public Accounts Committee
by New Power • • Comments Off
MPs on the Public Accounts Committee have blasted the government for its “blinkered determination” to agree a deal on a new nuclear plant at Hinkley Point C, ”regardless of changing circumstances”. It said government should have considered the case for different financing structures where risk was shared, although it…