Construction has begun at Crossdykes wind farm, Scotland’s first subsidy-free onshore wind project being developed by Muirhall Energy and WWS Renewables. The project reached financial close in August. Close Brothers Leasing funded the scheme on a project finance basis. The turbines will be supplied…
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Ørsted opens Hornsea Two base
by New Power •
Ørsted has opened its construction base for the Hornsea Two offshore wind farm at Humberside Airport. The building, formerly a police station at the airport, will house around 30 Ørsted employees. When it is completed in 2022, Hornsea Two, 89km off…
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‘Too cautious, too many rules, too slow on data’: Electralink’s Stuart Lacey calls for change in the energy industry
by New Power •
The energy industry has to be ready to fail, says Electralink chief executive Stuart Lacey. In a wide-ranging interview with New Power, he said innovation doesn’t come from a process of building consensus, it comes from lots of trying and failing: “Some…
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ITM Power, Ørsted and Element Energy win BEIS grant aimed at cutting the cost of ‘green’ hydrogen
by New Power •
ITM Power, Ørsted and Element Energy have won funding of £499,905 from BEIS for a feasibility study for ‘Gigastack’, aimed at demonstrating the production of bulk zero-carbon hydrogen. The project aims to dramatically reduce the cost of electrolytic hydrogen, using gigawatt-scale polymer electrolyte…
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Octopus Energy to take on supply for Co-Op Energy customers
by New Power •
‘Mid tier’ energy suppliers Octopus Energy and Co-operative Energy have formed a ‘strategic energy partnership’. The deal follows speculation over whether Octopus Energy would acquire Co-Operative Energy but the deal is more complex and retains the Co-Operative’s utility supply link.…
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Domestic PV portfolios refinanced
by New Power •
Legal & General has provided £57.5 million of long-term debt financing to support Hermes Infrastructure in recapitalising two solar photovoltaic portfolios in England and Wales. The two portfolios consist of fully operational solar PV systems installed on the roofs of more…
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Plutus plans to move from diesel to gas peaking plant
by New Power •
Plutus PowerGen has entered into a collaboration agreement for equity funding for new gas peaking plants. Plutus and the counterparty intend to work together to develop and fund four projects totalling 80MW. A further 160MW of gas peaking plants may follow…
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Seven offshore wind farms set for extensions
by New Power •
The Crown Estate (TCE) has confirmed that 2.85GW of new offshore wind capacity, adding to seven existing seven projects, will now progress to the award of rights. A further project has not been taken forward. The seven extensions are at:…
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Orbital wins Saltire funding to install 2MW tidal turbine
by New Power •
The Scottish Government has made the first award from its £10 million Saltire Tidal Energy Challenge Fund: £3.4 million has been awarded to help Orbital Marine Power install its O2 floating tidal energy turbine. The 72m long turbine, capable of generating more than…