In its half-year presentation in November SSE hailed its thermal plant portfolio as improving group earnings stability via capacity contracts, and providing a “natural hedge” against lower wind output or higher prices. That proved true in the nine months to…
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Thrive starts work on Bristol battery
by New Power •
Thrive Renewables has signed construction contracts for a 20MW battery in Bristol. The Feeder Rd project was acquired from developer Aura Power, and Thrive has also been working with renewables consultancy, Everoze, which is acting as a technical advisor on…
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Glasgow Airport plans solar farm and electric vehicle charging
by New Power •
Glasgow Airport has announced plans for a 30acre ground-mounted solar farm on its site. The c.15MW solar farm is already in the early stages of development and is expected to be operational by summer 2023, subject to planning approval. It…
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Report: energy M&A activity up as traditional players seek footholds in the energy transition
by New Power •
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…