Water and wastewater company Pennon, which serves the south west, says it has identified renewable energy generation investment opportunities of around £60 million over the period to 2030. It said it is considering reinvesting totex outperformance in these “commercially compelling…
News
Environmental Audit Committee opens inquiry on carbon border tax
by New Power •
The Environmental Audit Committee (EAC) has opened an inquiry into carbon border adjustment mechanisms (CBAMs) – border import taxes on products based on their carbon footprints, aimed at ensuring that importers of energy-intensive goods bear the same costs for their…
News
Greencoat acquires Andershaw wind farm
by New Power •
Greencoat UK Wind is to acquire Andershaw wind farm from Statkraft UK for of £121M (including cash and working capital). Andershaw is a 35MW wind farm sited 2 miles south of Douglas in South Lanarkshire that comprises 11 Vestas V117…
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Blyth’s old coal site to house cable factory for offshore wind
by New Power •
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…
News
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…