Drax chief executive Will Gardner has announced an ambition for the power site – once the UK’s largest coal-fired generating site – to be carbon negative by 2030. After closing its remaining two coal generating units at Drax Power Station –…

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London-listed renewable energy infrastructure investment company Renewables Infrastructure Group (TRIG) is to acquire 36% equity interest in Merkur Offshore, a 396MW offshore wind farm located in the German North Sea. At completion, (expected in H1 2020), TRIG will sell-down a share to minority co-investors managed by…

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Northern Powergrid is to trial five transformers with far lower energy losses than the technology currently used. The  ’super low loss’ ground-mounted amorphous transformers (AMTs) are expected to reduce core losses by up to 90%, compared to the older ground-mounted…

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SmartestEnergy has acquired small business energy supplier Dual Energy, a company it had provided with wholesale market access services since Dual started up nine years ago.  SmartestEnergy said the acquisition would complement its existing I&C electricity supply business, adding smaller…

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A €530.7 million grant for the construction phase of the 700MW Celtic Interconnector Project has been formally signed. The Celtic Interconnector is an EU Project of Common Interest (PCI) which will provide the first electricity interconnection between Ireland and France. The total…

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The European Investment Bank (EIB), one of the world’s largest providers of climate finance, has signed an agreement with the Hydrogen Council to collaborate on developoing  innovative schemes to finance hydrogen projects to address climate change. The Hudrogen Council is  a global initiative…

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Multi-utility service provider Aptus Utilities, has won funding of £12.8 million from private equity firm WestBridge to assist with its growth and expansion plans. Further finance was provided by OakNorth Bank. Established in 2010, Aptus provides design, build, install and…

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Siemens Gamesa Renewable Energy claimed a milestone when it installed turbine 51 at East Anglia One: it was offshore direct drive wind turbine number 1,000, eight years on from the first the company supplied. The company now has 1000 more direct…

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Euronext is to acquire a majority stake (66%) of Nord Pool group, which runs physical power markets in Europe, valuing the group at €84 million. Euronext said it will enter into a partnership, governed by a shareholder agreement, with the Nordic…

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