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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

Simply Blue’s floating wind attracts £6.4M investment from Octopus

by New Power • August 9, 2021

Specialist clean energy investor Octopus Renewables Infrastructure Trust (ORIT) has invested £6.4 million in Simply Blue Holdings, giving it a 12% stake in Simply Blue Group, which develops marine projects focused on floating offshore wind. SBG said it has developed…

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News

Scottish Government funds tidal turbine scale-up with £2M

by New Power • August 6, 2021

The Scottish Government has awarded a £2 million grant to tidal energy developer Nova Innovation to step up production of tidal turbines. The funding, delivered through Scottish Enterprise, is directed at Nova’s ‘Volume Manufacturing and Logistics for Tidal Energy’ project.…

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News

Gresham House acquires 50MW Skegness solar farm project from Anesco

by New Power • August 3, 2021

Gresham House has acquired Low Farm, a 50MW solar farm in Lincolnshire, from Anesco, as part of a three-year development and construction partnership valued in excess of £100 million. Located near Skegness, it covers 60Ha. Construction is expected to begin…

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News

Seagreen offshore wind farm offers five-year corporate PPAs to give buyers flexibility

by New Power • August 2, 2021

Seagreen Wind Energy has launched a corporate purchase power agreement (cPPA) for its offshore wind farm with half the duration of past contracts, aiming to give corporates flexibility. CPPA contracts are typically 10 years or more in duration, but Seagreen…

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News

SSE disposes of SGN stake for £1.225 billion

by New Power • August 2, 2021

SSE has agreed to sell its remaining 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) for £1.225 billion to a consortium of the Ontario Teachers’ Pension Plan Board (which is already a shareholder in SGN) and Brookfield…

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Longread

INTERVIEW: Monika Paplaczyk, investment director, Thrive Renewables

by New Power • July 29, 2021

Janet Wood talked to Thrive Renewables investment director Monika Paplaczyk about the barriers and opportunities in investing behind the meter in storage and generation and the company’s move into battery storage Thrive Renewables’s aim is to help individuals and businesses…

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News

Ofgem flags local solutions to heat decarbonisation, as gas networks are told to plan ‘village trial’ with up to 2000 hydrogen users

by New Power • July 29, 2021

Decarbonising heat is among four options for which energy networks can apply for funding in the first round of Ofgem’s new innovation funding mechanism. But major trials for converting the gas network to hydrogen flagged in the government’s ‘ten point…

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News

SGN, Vital join over heat networks as Kensa proposes new model

by New Power • July 28, 2021

As low-carbon heat provision comes under the spotlight two new options for heat networks have been announced. Gas distribution company SGN has joined with renewable energy provider Vital Energi to develop, own and operate low and zero-carbon heat networks. The…

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News

North of Scotland transmission network value set to pass £6 billion by 2026

by New Power • July 27, 2021

SSEN Transmission could see its regulated asset value (RAV) increasing to over £6 billion by 2026, the end of the current price review period (RIIO2), it said in a trading update. The company, which owns and operates the transmission system…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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