SSE has announced a £12.5 billion five-year strategic capital investment plan that includes delivery of over 25% of UK’s 2030 40GW offshore wind target – a 65% step-up in annual investment on its previous plan. It also plans to invest…
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Piclo provides single platform for Capacity Market secondary trading
by New Power •
Piclo has launched Piclo Exchange, a secondary trading marketplace for Capacity Market Providers. The Capacity Secondary Market has seen almost 300 trades in each of the previous two delivery years, worth between £15M and £35M, Piclo says. Now Capacity Market…
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US-based MassMutual joins with Low Carbon to invest in renewables in Europe
by New Power •
Massachusetts Mutual Life Insurance, a US life insurance giant, has joined forces with UK-based Low Carbon Limited to become a European independent power producer (IPP), which is targetting 20GW of renewable energy capacity by 2030. The partnership says it will…
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Shoreham, East Sussex, port plans to become hydrogen production hub to supply vehicles and local business
by New Power •
H2 Green has signed an agreement with Shoreham Port Authority that gives it exclusive rights for two years to develop a ‘renewable energy hub’ with port-based hydrogen, ammonia and new onshore wind and solar power generation capacity at the Port…
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Ofgem orders five suppliers to make outstanding FIT payments
by New Power •
Ofgem is issuing five suppliers with provisional orders, compelling them to pay £575,000 in total for the Feed-in Tariff scheme, which provides payments to owners of small-scale renewable energy generators, and is funded through compulsory levies on suppliers. The suppliers…
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Consent granted for South Humber Bank plant
by New Power •
Development consent has been granted for a 95MW electricity from waste plant at Stallingborough. The consent for EP Waste Management’s South Humber Bank plant replaces earlier consent granted for a 49.9MW plant at the site, without increasing the maximum fuel…
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Invinity completes flow battery delivery to Oxford’s Energy Superhub, warns of supply chain concern into 2022
by New Power •
Invinity Energy Systems says it has delivered its third and final storage cluster to ‘Energy Superhub Oxford’, one of three demonstrator projects part-funded by the UK government’s Industrial Strategy Challenge Fund that include rapid vehicle charging. The full system at…
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Solar PV: 300MW-scale installations needed ‘in every local authority area’ and under-funded planning departments put all stakeholders at risk
by New Power •
There must be the equivalent of a utility-scale PV installation in every local authority by 2050 to meet our Net Zero aim, and stronger policy support is needed to achieve that target, according to speakers at an event organised by…
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Utility Warehouse to make redress of £1.5M for customer service and support failings
by New Power •
Utility Warehouse is to pay £1.5 million in redress after it failed to treat its customers fairly and to offer services and support to those in payment difficulty. A formal investigation by Ofgem found that between 2013 and 2019 Utility…