There was a “bumper crop” of energy sector mergers and acquisitions (M&A) in Europe in 2021, notably in the power and transmission subsector, according to a new survey by law firm CMS. The report suggested that the coming year is…
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Energy price cap rise: the industry responds
by New Power •
The government has announced support measures to help ease the effect of a huge 54% increase in energy bills, after Ofgem raised the price cap by £693 to £1,971 from April. Prepayment customers will see their cap rise from£1,309 to…
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Survey: suppliers expected to provide financing for clean energy devices in future and fear tech sector competition
by New Power •
Energy suppliers think that within five years they will be offering their customers product and service packages that include mobility, flexibility services and funding for site-based products such as rooftop PV and batteries. And suppliers will be more likely to…
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Income investor aims to boost renewables holdings
by New Power •
Alpha Real Capital has highlighted its growing investment in renewables with £250 million in new investment in 2021, plans for a new fund in 2022 and new hires. The manager of ‘secure income’ assets said nine transactions last year brought…
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Orsted income falls from wind and solar balanced by CHP boost
by New Power •
Earnings from Orsted’s wind and solar assets in operation fell DKK 2.0 billion (£220 million) last year, to DKK 15.0 billion (£1.68 billion), the company said in its annual report. The wind portfolio benefitted from the 400 MW of new…
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RWE explores options for Net Zero Centre around Pembroke plant
by New Power •
Jacobs will report the results in March of a four-month feasibility study into producing and using green hydrogen at RWE’s Pembroke power station in South Wales. The study will consider installation of a 100MW electrolyser, initially using power from local…
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MPs open inquiry into grid constraints in Wales, invite evidence by 31 March
by New Power •
The Welsh Affairs Committee at Westimster has launched an inquiry into grid capacity issues and their effect on Wales and its ability to meet Net Zero targets. In a previous report the Committee argued that Wales could be a leader…
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Triple Point plans £108M battery investment, sees uptick in hydro performance
by New Power •
Triple Point Energy Efficiency Infrastructure Company plans to expanded its investment in distributed energy with to battery storage and it is progressing an exclusive near-term pipeline of £108 million of grid-scale assets. The investment company says “demand for grid balancing…
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Oil and Gas UK to become Offshore Energies UK in grab for low-carbon industries
by New Power •
Oil and Gas UK has announced it is changing its name to Offshore Energies UK and expanding to include low-carbon offshore energy technologies. That includes offshore wind, hydrogen production, carbon capture and storage systems, and other emerging low-carbon technologies. The…