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…
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Bluefield acquires Liverpool battery project
by New Power •
Bluefield Solar has acquired development rights for a battery storage project in Liverpool. The £1.5 million acquisition from Shaw-Energi Ltd includes development rights, grid connection costs and the leasehold of land of a ready to build 20MW battery. Construction is…
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Companies should invest in flexibility to manage risk as well as cost, says report
by New Power •
Energy flexibility is as valuable for end users as a risk management strategy as it is for revenue generation, according to a new report from Lloyds Bank that follows up last year’s Flexibility in Great Britain report produced by the…
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Regulator gives go ahead for step-change in Hinkley Point C construction
by New Power •
The workforce at the Hinkley Point C construction site in Somerset is set to rise to 4000 after the Office for Nuclear Regulation (ONR) granted permission for the start of bulk mechanical, electrical and heating, ventilation and air conditioning (MEH)…