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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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Ofgem has closed its investigation into what went wrong when British Gas changed prepayment top-up provider and left customers in the lurch. The supplier has agreed to pay £1.48m back to affected households and £250,000 into the energy redress fund.…

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