BayWa r.e. has sold its 29.7MW Fraisthorpe wind farm, near Bridlington to funds managed by the UK investment fund manager Octopus Investments. This is the fifth successful wind farm sale from the BayWa r.e. portfolio to take place in the…
News
CMA calls for opinions on price comparison websites
by New Power •
The Competition and Markets Authority has set a 24 October deadline for submissions to its market study on data comparison tools, including price comparison websites that cover the energy industry. The CMA expects its market study into the tools to…
News
Offshore Renewable Energy Catapult invites oil and gas skills base to join R&D effort
by New Power •
The Offshore Renewable Energy (ORE) Catapult has launched a series of innovation challenges, to harness Britain’s world-leading experience in oil and gas for the growing offshore renewables market, which is set to spend £210 billion in the coming decade. The…
News
Projects worth £2bn up for grabs as fifth OFTO tender round kicks off next week
by Annabel Andrews •
On October 10 Ofgem will start the fifth tender round for offshore transmission owners (OFTOs), where companies will bid to become owners of five transmission links to offshore wind farms. The five links have an estimated value of £2bn in…
News
WPD wants electric and hybrid vehicle users for UK’s biggest trials
by New Power •
‘Electric nation’ is looking for 500-700 people buying or leasing new electric vehicles (including pure electric and plug-in hybrids) to take part in the UK’s largest electric vehicle trial. The trial aims to to ensure the UK can charge electric…
News
Third domestic auto-switch service enters UK energy market
by New Power •
A new energy switching service that automatically switches users to the cheapest available tariff, while constantly checking that they are on the best deal, has launched in the UK. The Intelligent Assistant compares households’ usage patterns with both established and…
News
Ofgem’s E-serve gets ready to compete for business after 2018 spin-off
by New Power •
The spin off of Ofgem’s ‘E-serve’ arm is likely to happen in 2018, “notionally in April”, Luke Hargreaves, head of renewables at the regulator’s administration body, told an Energy Institute meeting. He said he expected more information about the split…
Perspective
Despite Brexit, energy market participants must continue to be vigilant over Remit compliance
by New Power •
The UK has voted to leave the EU but until – and probably after – Brexit is accomplished it will not be able to avoid Europe’s ‘Remit’ regulations intended to keep energy trading transparent and fair. Energy market participants must continue to be vigilant over compliance
News
Hinkley Point C risks prompt Moody’s to downgrade EDF’s credit rating
by Annabel Andrews •
Ratings agency Moody’s has downgraded EDF’s ratings to A3/P-2 with a stable outlook. The rating related to EDF’s long-term issuer and senior unsecured ratings, which were formerly A2. The company’s perpetual junior subordinated debt ratings were downgraded to Baa3 from Baa2…