In February 2019 New Power reported on the suspension of the Wylfa Newydd project: Horizon Nuclear Power has suspended its UK nuclear development programme, which was to have seen a new plant built at Wylfa Newydd on Anglesey in North…
News
Jonathan Tudor swaps Centrica for Clean Growth Fund
by Staff writer •
Jonathan Tudor has left Centrica to become investment partner at the government-backed Clean Growth Fund, aiming to find and develop early stage clean tech companies. Tudor was technology & strategy director at Centrica Innovations and has covered similar ground for…
News
National Grid appoints first female chair
by Staff writer •
Paula Rosput Reynolds has been appointed as chair of National Grid, following Sir Peter Gershon’s announcement on 30 January 2020 that he would step down from the role. She will join the board on 1 January 2021 and assume the…
News
SSE shrugs off Moody’s negative outlook
by Staff writer •
SSE has shrugged off a negative outlook rating from Moody’s, which yesterday maintained SSE’s Baa1 rating but changed its outlook to negative. Moody’s cited higher than anticipated leverage and said that even £2bn of planned disposals would be insufficient to…
News
SSE fined £2m over Fiddler’s Ferry Black Start REMIT breaches
by Staff writer •
Ofgem has fined SSE £2.06m over wholesale market inside information breaches. The fine relates to disclosure around a Black Start contract with National Grid. SSE signed non-binding terms with the transmission system operator on 22 March 2016 to provide grid…
News
RWE throws spanner in works for Statera’s Thurrock Power plans
by Brendan Coyne •
RWE has taken issue with Statera’s plans for a 750MW hybrid flexible power plant at Thurrock, adjacent to its now defunct plant at Tilbury. The firm has written to the Planning Inspectorate expressing concern that its land has been included…
News
SSE sell Walney stake for £350m
by Staff writer •
SSE has agreed to sell its 25.1 per cent stake in Walney offshore wind farm stake to Greencoat Capital. The firm will pay £350m for 92MW. “Walney has been a good financial investment for SSE but we see it as…
News
Arenko sells 100MW of storage development to Gresham House
by Staff writer •
Battery optimiser Arenko has sold development rights for two 50MW storage sites to Gresham House. The deal includes optimisation agreements. The two firms know each other well. Gresham House recently acquired the 41MW Bloxwich battery from Arenko, which the firm…
News
After restart, Hunterston B to shut down for good in 2022
by Staff writer •
EDF has been given approval to restart reactor 3 at the 44 year-old Hunterston B power station this weekend. The firm also hopes to restart reactor 4 next month, subject to approval. Defuelling of the power station will commence no…