With ten days to go before its offer for Good Energy share closes, Ecotricity says it has received acceptances for just 3% of the issued ordinary share capital. The offer, which closes on 10 October, was increased from 360p to…
News
Three more suppliers cease trading
by New Power •
Enstroga, Igloo Energy and Symbio Energy have announced they are ceasing to trade. According to Ofgem, Enstroga supplies around 6,000 domestic customers. Igloo Energy supplies around 179,000 domestic customers and Symbio Energy supplies around 48,000 domestic customers and a small…
News
Eurelectric calls for faster electrification and investment scale-up to reach Net Zero
by New Power •
Europe’s electricity system could reach Net Zero faster than anticipated, according to the industry’s European lobby group Eurelectric, if nine policy recommendations are implemented. Kristian Ruby, Eurelectric secretary generals said: “To deliver on the ambition, it is critical to have…
News
Celtic Sea Cluster formed to speed up floating offshore wind development and harness supply chain
by New Power •
The Welsh Government has joined with Cornwall and Isles of Scilly Local Enterprise Partnership to launch the Celtic Sea Cluster. With support from Marine Energy Wales, Celtic Sea Power and Offshore Renewable Energy (ORE) Catapult, the Celtic Sea Cluster will…
News
Pennon adds £60M of ‘commercially compelling’ opportunities to renewables project pipeline
by New Power •
Water and wastewater company Pennon, which serves the south west, says it has identified renewable energy generation investment opportunities of around £60 million over the period to 2030. It said it is considering reinvesting totex outperformance in these “commercially compelling…
News
Environmental Audit Committee opens inquiry on carbon border tax
by New Power •
The Environmental Audit Committee (EAC) has opened an inquiry into carbon border adjustment mechanisms (CBAMs) – border import taxes on products based on their carbon footprints, aimed at ensuring that importers of energy-intensive goods bear the same costs for their…
News
Greencoat acquires Andershaw wind farm
by New Power •
Greencoat UK Wind is to acquire Andershaw wind farm from Statkraft UK for of £121M (including cash and working capital). Andershaw is a 35MW wind farm sited 2 miles south of Douglas in South Lanarkshire that comprises 11 Vestas V117…
News
Blyth’s old coal site to house cable factory for offshore wind
by New Power •
JDR Cables has announced plans to open a new subsea cable manufacturing facility near Blyth, Northumberland. The 69,000 sqm facility will occupy the site of a former coal-fired power station. Subject to final agreements, construction is expected to begin in…
News
Elexon wants feedback on digitalised BSC code
by New Power •
Industry settlements company Elexon is looking for early feedback on a digitalised version of the Balancing and Settlement Code. The code details the requirements that have to be met by most companies who want to take part in the energy…