Three consortia are in the running to own and operate the transmission link to the Seagreen 1 offshiore wind farm, under Ofgem’s OFTO framework. The three groups will participate in the invitation to tender (ITT) stage of the Seagreen Phase…
News
Derogation agreed to allow six offshore wind farms to proceed in parallel with discussion over managing adverse effects
by New Power • • Comments Off
Six fixed offshore wind projects have been given the green light by the Secretary of State for Business, Energy and Industrial Strategy, with no objections from the Welsh Government, to enter into an Agreement for Lease with seabed owner The…
NGESO posts series of Capacity Market notices
by New Power • • Comments Off
NGESO issued a Capacity Market Margin Notice for the evening of 18 July at 19.00, and cancelled it an hour later. The notice is a signal to the market that more generation is required to meet system requirements. The automated…
Nissan private wire PV project changes hands
by New Power • • Comments Off
Renewables investment trust Atrato Onsite Energy has acquired an onsite PV project designed to power Nissan’s Sunderland manufacturing plant. Atrato will acquire 100% of the shares of Hylton Plantation Solar Farm Limited, the company set up to to develop the…
Ofgem promises action if it sees ‘sharp practice’ in electricity balancing markets
by New Power • • Comments Off
Ofgem has promised to take action if it finds “sharp practice” in energy markets. There have been rising concerns about the prices taken in the so-called Balancing Market. Balancing costs refer to actions taken by the system operator, NGESO, at…
European wind and solar projects achieving sharply higher PPA prices
by New Power • • Comments Off
Wind and solar power generators are achieving sharply increased prices in power purchase agreements (PPAs) across Europe, according to Level Ten Energy’s regular pricing index. Level Ten Energy, which provides transaction infrastructure, said that in Q2 across Europe average wind…
Hitachi Energy to provide HVDC link for Hornsea 3
by New Power • • Comments Off
Hitachi Energy has won an order from Ørsted to provide two high-voltage direct current (HVDC) systems to connect the Hornsea 3 wind farm, located more than 120km off the east coast, to the onshore network. Hornsea 3’s total capacity of…
United Utilities sells 69MW renewables business for £100M
by New Power • • Comments Off
Water utility United Utilities has announced the sale of its renewable energy business, United Utilities Renewable Energy Limited to SDCL Energy Efficiency Income Trust plc approximately £100 million enterprise value. UURE comprises 69MW of renewable generation assets across 70 sites,…
Interconnector ‘cap and floor’ application window opens 1 September
by New Power • • Comments Off
Ofgem will open an application window on 1 September for new interconnectors between the GB network and other countries to be financed under a ‘cap and floor’ regime, it has announced. The application window will close on 31 October. Alongside,…
Offshore wind price continues to fall in CfD allocation Round 4
by New Power • • Comments Off
The fourth round of the Contracts for Difference (CfD) scheme has secured almost 11GW across a 93 projects representing a range of technologies, including offshore wind, solar, onshore wind, floating offshore wind and tidal stream. Almost 7GW has been secured…