Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, reports Solar Power Portal - half its £200 million target. Gore Street Capital raising £30.6 million in May against its target of £100 million. The…
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Solar-powered surveillance company completes successful crowdfunding
by New Power •
UK technology company Sunstone, has raised £592,000 from over 450 investors via crowdfunding platform, Crowdcube. Its target was £500,000. Sunstone has developed solar powered products that provide surveillance, wireless networks and satellite communications to sites around the world. Paul Schelhaas, co-founder and…
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£6m Green Economy Fund winning projects announced – applications open for next round
by Annabel Andrews •
SP Energy Networks’ £20m Green Economy Fund today awarded funding to thirteen Scottish low-carbon transport and heating projects. The fund, established earlier this year by the electricity network operator, supports the green targets of the Scottish government to boost local…
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Planning inspectorate examining bigger transmission line for new nuclear plant at Wylfa
by New Power •
Plans for a new nuclear power plant at Wylfa in Anglesey, Wales, have taken a step forward as the new transmission line for the project has been accepted for examination by National Infrastructure Planning. The planning body has begun registering ‘interested…
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Client Earth to challenge Drax Repower project
by New Power •
Client Earth has challenged Drax’s plans to convert two coal-fired power stations to gas and install battery storage at the site, the Guardian reports. Drax argues that building new gas-fired plants will mean it can shut down its two remaining…
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Supply chain event planned for Keadby 2
by New Power •
SSE and Siemens have announced a Meet The Buyer forum for potential supply chain opportunities at Keadby 2. The event will be held on 4 December at The Double Tree by Hilton Forest Pines Resort. The two companies officially broke…
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National Grid to sell remaining gas distribution stake
by New Power •
National Grid has announced it will sell its 39% share in Cadent to Quadgas Investments Bidco by the end of June 2019, subject to regulatory approvals. Following the sale, Quadgas will own 100% of Cadent. National Grid said the expected proceeds of…
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Toshiba to wind up nuclear project at Moorside
by New Power •
Toshiba has announced its intention to withdraw from the nuclear power plant construction project at Moorside in Cumbria, and wind up the NuGeneration Limited (NuGen) business. The company said it had spent 18 months in negotiations with a range of potential…
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UK’s renewable investment appeal dips amid Brexit fears, says EY
by Annabel Andrews •
The UK has slipped down one position to eighth in the latest EY Renewable energy country attractiveness index (RECAI), following a “marked slowdown” in clean energy investment ahead of the planned departure from the EU. EY cited concerns from many in the renewable…