Harmony Energy Income Trust has five two-hour battery projects under construction. The managers believe the current uncertainty makes it an ideal time to bring agile storage into the market. Max Slade (top left) and Paul Mason (bottom left) of Harmony…
News
European wind and solar projects achieving sharply higher PPA prices
by New Power •
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…
News
Hitachi Energy to provide HVDC link for Hornsea 3
by New Power •
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…
News
United Utilities sells 69MW renewables business for £100M
by New Power •
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,…
News
Interconnector ‘cap and floor’ application window opens 1 September
by New Power •
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,…
Longread
From the New Power archive: Long hot summer? How power assets are affected as ambient temperatures rise
by New Power •
Few of us are at their most efficient when the temperature rises. Just as human beings can find it harder to get to grips with their activities on a hot day, the efficiency of many electrical assets changes with the…
News
Offshore wind price continues to fall in CfD allocation Round 4
by New Power •
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…
News
Ovo sets aside £1M to offer premium REGO price for new renewables projects
by New Power •
Energy supplier Ovo is to commit £1 million to offer premium power purchase agreements (PPAs) to renewable generators who are not eligible to receive subsidies through any government or industry backed schemes. The company aims to help incentivise more small-scale,…
News
UKPN calls out to property owners and organisations in bid to plan for local decarbonisation
by New Power •
Property owners will be helped to plan their low carbon journey, in a new venture being launched by UK Power Networks. The company wants to help identify common challenges for organisations who expect to install measures like PV or electric…