JDR Cables has announced plans to open a new subsea cable manufacturing facility near Blyth, Northumberland. The 69,000 sqm facility will occupy the site of a former coal-fired power station. Subject to final agreements, construction is expected to begin in…
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Elexon wants feedback on digitalised BSC code
by New Power •
Industry settlements company Elexon is looking for early feedback on a digitalised version of the Balancing and Settlement Code. The code details the requirements that have to be met by most companies who want to take part in the energy…
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The green transition is a ‘golden opportunity’ and firms and investors will benefit from taking fast action, says ECB
by New Power •
Both firms and banks “clearly benefit from adopting green policies early on to foster the transition to a zero-carbon economy,” according to the European Central Bank (ECB), which has published results of an economy-wide climate stress test. The exercise tested…
Longread
INTERVIEW: Sarah Merrick, Ripple Energy
by New Power •
This week Ripple’s chief executive Sarah Merrick became the Business Green Leaders Award ‘Entrepreneur of the Year’. In April 2019 she spoke to Janet Wood about how to give consumers a small stake in a large wind farm. Will a…
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Two more company failures: over 5% of domestic customers in SOLR since the start of September
by New Power •
Two more energy companies – Avro Energy, with around 580,000 domestic customers, and Green Supplier Limited (‘Green’), with around 255,000 domestic customers – have ceased to trade. Together the suppliers represent a share of 2.9% of domestic customers. The news…
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Five suppliers told to pay £765k owed to feed-in tariff scheme
by New Power •
Ofgem has issued five suppliers – Colorado Energy, Igloo Energy Supply Limited, Neon Reef Limited, Whoop Energy Limited and Symbio Energy – with provisional orders, compelling them to pay around £765,000 in total for a government environmental scheme. Colorado Energy…
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UPDATED: Symbio Energy and business supply company Whoop in default at BSC – three others in default or close monitoring
by New Power •
Avro Energy and Delta Gas and Power have been added to the list of power companies set to be expelled from the Balancing and Settlement Code. Both are in default of obligations over credit cover and for both, the BSC…
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New wind and solar developer wins £24M backing from SSE
by New Power •
A new renewable power business, Renewco Power, has been launched with backing of £24 million from SSE plc via Corran Capital. It aims to develop large-scale solar and wind farms across the UK and Europe. The Edinburgh-based company is targeting…
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Contracts signed for Greenlink interconnector- ten days after existing GB links were used to keep Irish customers on supply
by New Power •
Greenlink Interconnector has signed a contract with Siemens Energy and Sumitomo Electric for high-voltage direct current (HVDC) converters and cable for its planned 500MW interconnector that will link the GB grid with grids in Northern Ireland and the Republic of…