Malaysia’s power company, Tenaga Nasional Berhad (TNB) has acquired 80% of two UK renewable energy companies – GVO Wind and Bluemerang Capital – for £171 million. This acquisition, via wholly owned subsidiary, Tenaga Wind Ventures UK, is TNB’s first foray into onshore…
Flash update
National Grid seeks demand response to maintain gas supply levels
by New Power •
The gas system operator has issued a Gas Deficit Warning, asking for bids to reduce gas demand as it is predicting a shortfall at the end of the day. The warning was issued at 5.30AM in response to a series of…
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European power mergers hold steady in 2017
by Annabel Andrews •
Mergers and acquisitions in the European power and utilities sector fell 1% between 2016 and 2017, as pool prices and electricity demand stayed low, according to the EY report Power transactions and trends: 2017 review and 2018 outlook. European deal value…
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CMA opens investigation into Npower/SSE Retail merger
by New Power •
The Competition and Markets Authority (CMA) has opened an investigation into the merger between SSE Retail and Npower and whether it damages competition in the energy supply market. It is inviting written representations to be made by 14 March. The…
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Origami Energy, Greenbyte win software contracts
by New Power •
SmartestEnergy has chosen Origami Energy’s technology platform to manage its customers’ distributed energy assets and consumption. Smartest said the collaboration will allow it to offer real-time, flexible energy management services to help its customers unlock the rapidly increasing value of…
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Financial close for Spalding Energy Expansion
by New Power •
Intergen has announced financial close and funding for Spalding Energy Expansion, a 300MW gas-fired plant in Spalding, Lincolnshire, which was awarded a 15-year capacity agreement in the December 2016 Capacity Market auction. The project has signed a contract with Siemens for an…
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Over 100 global cities use at least 70% renewable energy
by Annabel Andrews •
Over 100 cities get at least 70% of their electricity is from renewables, according to a new report from environmental non-profit CDP. CDP holds information from over 570 of the world’s cities and names over 100 now getting at least 70% of…
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CMA rejects generators’ appeal over transmission charges
by New Power •
The Competition and Markets Authority (CMA) has rejected an appeal from generators after Ofgem decided not to allow the generators to recover an extra £120 million in transmission charges from customers. The generators had claimed that their network charges in…
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Offshore wind in 2050: robotic inspections, 200m blades and multiple rotors
by Annabel Andrews •
Offshore wind could meet a third of the UK’s electricity demand within 12 years due to pioneering designs and mature storage technology, according to predictions published today by the Offshore Renewable Energy (ORE) Catapult. Based on the Catapult’s current research and…