Triple Point Energy Efficiency Infrastructure Company has acquired six hydropower assets in Scotland with a total installed capacity of 4.1MW, all of which have five years or more of operational performance history. The six plants, all feed in tariff accredited,…
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Irish storage project capacity to increase from 30MW to 120MW
by New Power •
A storage project under construction at Kilmannock, in the Republic of Ireland, will have four times the original planned capacity. Gore Street Energy Storage Fund said Kilmannock had secured an increase in its allocated grid connection capacity of 90MW, in…
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Renewables investor says diverse portfolio helped balance record low wind speeds – as electricity price increases raise valuation
by New Power •
Wind speeds at their lowest for 20 years in some areas resulted in wind generation 32% below budget in the six months to 30 September, according to a half-year update from environmental infrastructure investor JLEN Environmental Assets Group. However, some…
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Good Energy puts £56M generation portfolio up for sale in transition to services, faces £1M extra costs from other suppliers’ failures
by New Power •
Good Energy has put its 47.5MW power generation portfolio up for sale to fund a transition from a renewables utility to an energy services provider. It wants to dispose of the plants, which it said were under-valued at £56.8 million…
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Security of supply risk means new Irish data centres must meet their own power needs and provide system flexibility
by New Power •
The Republic of Ireland has avoided setting a moratorium on connecting new data centres to the electricity network, according to a decision from the Commission for Regulation of Utilities (CRU). But each application will be assessed on whether the site…
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PayPoint faces £12.5M redress payment after anti-competitive behaviour hit prepayment meter customers
by New Power •
PayPoint is to pay redress of £12.5 million after Ofgem launched an investigation in August 2017 into whether PayPoint had abused a dominant market position. PayPoint provides services to energy suppliers. It allows prepayment meter customers to top up their…
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National Highways to invest £11M in storage at service stations for rapid EV charging
by New Power •
Government-owned National Highways has announced that it will invest £11 million in 20 energy storage systems for service stations in England where the grid supply is not enough for rapid charging of electric vehicles (EVs). National Highways said it is…
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4GW offshore wind farm to supply power for hydrogen and ammonia production in Ireland
by New Power •
Singapore-based developer Enterprize Energy has signed an agreement to build a 4GW wind farm off the Irish coast and sell the power to a hydrogen facility on land, according to Bloomberg. Enterprize Energy told Bloomberg that rather than a subsidy…
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Bulb in Special Adminstration Regime
by New Power •
BEIS has published information for Bulb’s 1.7 million customers, after the supplier entered the ‘Special Administration Regime’. BEIS describes the ‘Special Administration Regime’ as a ‘long-standing, well-established mechanism’ that applies when a supplier fails and if Ofgem’s primary Supplier of Last…