Scotland’s island economies could benefit from up to £725 million over the next 25 years from renewables projects according to an independent published today. The Western Isles, Orkney and Shetland have the potential to supply up to 5 per cent of total…
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RWE restructuring hits Npower; company warns of further decline in 2016
by New Power • • Comments Off
Npower parent RWE is ramping up plans to restructure and streamline its conventional power generation and UK supply businesses. In a move expected to cause 2,500 job losses in UK supply, the company has stepped up a planned €2 billion…
Ofgem queries whether DNOs are doing enough to connect more generators
by Annabel Andrews • • Comments Off
Ofgem has asked generators and stakeholders whether DNOs are being proactive enough on tackling the queue for connections. In a letter to all connection stakeholders, Ofgem asked how effective each DNO has been at engaging with customers and in developing…
Crowdfunding renewables: portable solar (storage included)
by New Power • • Comments Off
Renovagen has launched its second equity crowdfunding campaign on Crowdcube. The company wants up to £1 million to fund its “Roll-Array” flexible, rollable, transportable solar farm units. The units include energy storage. The company says its technology rolls out “18kW…
UK companies missing out on business benefits of renewable power
by Annabel Andrews • • Comments Off
Many UK companies want to support renewable electricity, but are confused by a “bewildering variety of costs and schemes which made it hard to be sure of the carbon content of what they were buying”, according to a report from Smartest…
MPs: energy policy shifts have hit investor confidence and will raise consumer costs
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MPs: energy policy shifts have hit investor confidence and will raise consumer costs
Reduce stamp duty for energy efficient houses, says think tank
by Annabel Andrews • • Comments Off
The government should encourage home buyers to purchase energy efficient homes by reducing stamp duty for homes with a high efficiency rating, according to a new Policy Exchange report published today. Lenders should also provide energy efficiency mortgages, the think…
Winning £2 billion benefit of storage ‘requires joint action on market frameworks’
by New Power • • Comments Off
Effective use of storage could reduce the costs of managing a highly variable electricity system by £2.4 billion per year by 2030, a new report has concluded. But to use storage most efficiently the interests of a wide variety of…
Northern Ireland’s renewable heat incentive closes to new applicants tonight
by Annabel Andrews • • Comments Off
The Department of Enterprise, Trade and Investment (DETI) confirmed this week that the Northern Ireland renewable heat incentive (RHI) scheme for domestic and non-domestic installations will be suspended to new applicants from midnight tonight. Ofgem, which administers the scheme on…
Engie’s new focus: low-carbon, regulated businesses and ‘customer solutions’
by New Power • • Comments Off
Engie has announced a three-year transformation plan intended to refocus the company on low-carbon activities (which will provide 90% of pre-tax earnings by 2018), regulated activities (expected to be more than 85% of pre-tax profit by 2018) and “integrated customer…