Increasing demand for Guarantees of Origin (GO) could raise half the funding needed for Europe’s investment in clean power, according to Ecohz. The company, which says its aim is to help organisations use clean power and create new renewable energy…
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Seven new interconnectors eligible for ‘cap and floor’ regime
by New Power •
Seven new electricity interconnectors have passed Ofgem’s initial eligibility test for ‘cap and floor’ arrangements, which would guarantee a minimum return for investors and cap profits. The links are with: • Belgium: developed by Copenhagen Infrastructure Partners • Denmark: developed…
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Five point plan aims to speed up network connections in advance of new process
by New Power •
The Electricity System Operator (ESO) has set out a five-point plan to try to speed up connections to the transmission grid. to complement its programme of longer-term reform. Modelling shows that Great Britain needs 123-147GW of new low carbon generation…
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SGN to install rooftop PV across its buildings
by New Power •
Gas network company SGN (Scotia Gas Networks) has kicked off procurement for rooftop PV across its buildings in Scotland and southern England. The up to £1.5 million programme aims to achieve a minimum 40% reduction in electricity purchasing requirements. The…
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NextEnergy Solar Fund to hike investment in standalone batteries
by New Power •
NextEnergy Solar Fund (NESF) has sought approval from its investors to commit more funding to battery storage. The fund wants to amend its existing investment policy to increase the investment in standalone energy storage from 10% up to 25% of…
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Russia ‘preparing for North Sea sabotage’ and seeking to undermine energy transition
by New Power •
A Russian ship recently detected at an offshore wind farm in the North Sea was trying to map out energy infrastructure and was escorted out of the North Sea by Dutch marine and coast guard ships, MIVD head General Jan…
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GeoPura secures £36M investment for hydrogen-fuelled generators
by New Power •
UK green hydrogen company GeoPura has secured £36 million in an investment round led by GM Ventures, the investment arm of General Motors, and co-led by Barclays Sustainable Impact Capital with participation from SWEN CP and Siemens Energy Ventures. The…
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Offshore wind mooring specialist plans European base in Aberdeen
by New Power •
Singapore’s international mooring and anchoring specialist Mooreast Holdings Ltd has signed a collaboration agreement with ETZ Ltd, the body spearheading the North East of Scotland’s energy transition ambition. It is hoped the agreement will help the company to identify a…
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Seven 2MWh batteries to support fast chargers at service stations where grid is weak
by New Power •
National Highways has awarded an £8 million contract to Ameresco to install battery storage at seven motorway service areas where the grid supply is too weak for high-powered charging infrastructure. The seven storage systems, procured using Crown Commercial Services Heat…