Alpha Real Renewables has acquired operational wind and solar assets located across Wales and the North West. The transaction, with TLT as adviser, comprised a portfolio of mixed clean energy technologies from individual operators, including wind farms with private wire power purchase…
News
National Grid: depressed demand in summer due to Covid-19 a ‘challenge’ to system stability
by New Power •
Low electricity demand in the summer could present a challenge to managing the electricity system, system operator NGESO said in its weekly Covid-19 briefing. The balance of supply and demand in the summer has been a growing problem over recent…
News
Adjustment to thousands of small power plants to raise stability suspended, but System Operator will call for action at key sites
by New Power •
A site-by-site programme to upgrade small-scale power generating plant so it “rides through” disturbances has been suspended because it requires engineers to visit thousands of power sites. But National Grid is in discussion with BEIS, Ofgem and other major stakeholders over…
News
Brentwood is home to new 10MW battery facility
by New Power •
Gore Street Energy Storage Fund’s new 10MW battery has gone into operation using Origami’s smart grid technology. The battery is in Brentwood, Essex. SSE Business Energy is the licensed supplier and power offtaker for the battery, which uses batteries supplied by Japanese…
News
E.On issues €750M green bond
by New Power •
E.On has successfully issued a €750 million green bond with a tenor of 5.5 years. The comopany said that despite the significant market disruptions caused by Covid 19, it secured favourable interest terms: the bonds have a coupon of 1%. “The…
News
Ammonia under test as alternative fuel for gas engines
by New Power •
Wärtsilä has begun combustion trials using ammonia fuel. The aim is to explore the potential to use ammonia instead. In the test, ammonia was first injected into a combustion research unit to investigate its properties. The tests will be continued…
News
Covid-19 delays SSE report, may hit dividend payments
by New Power •
SSE has signalled a potential rescheduling or reduction in dividend payments during the coming year to manage the effects of Coronavirus. The company said in an update on 27 March that it still planned to recommend dividends of 80p per…
News
Barclays announces ‘ambition’ to reach net zero by 2050
by New Power •
Barclays has announced plans to “become a net zero bank by 2050”. It said, “We’ve made a firm commitment to align our entire financing portfolio to the goals of the Paris Agreement. That means our own operations, and the financing…
News
UPDATED: Renewable energy projects fear impact of Covid-19 disruption as they struggle to meet 31 March FIT deadline
by New Power •
Energy minister Kwasi Kwarteng MP has signed into law an order that will extend the registration deadline for up to 250 small-scale renewable energy installations – many being developed by community groups from 31 March to 30 September. The projects…