The Pension Infrastructure Platform (PIP) has closed the first tranche of its Multi-Strategy Infrastructure Fund, having raised £125m. Over the fund’s five-year investment period, it will buy and build a diversified portfolio of 15 to 20 UK infrastructure assets, including renewable energy…
News
Licence application submitted for Norway-Scotland interconnector
by New Power •
NorthConnect has applied for a licence to build an interconnector between Peterhead in Scotland and Simadalen in western Norway. The interconnector is planned to be a 500kV 1400MW HVDC subsea cable, 650km long. It is planned to go into operation…
Perspective
Give the public a voice in long-term decisions
by New Power •
Sustainability First’s New Energy and Water Public Interest Network (‘New-Pin’) is seeking to ensure long-term decisions have the public interest at their heart. Associate Sharon Darcy explains why the Network was set up Energy and water service providers and regulators…
Flash update
Barn Energy builds Yorkshire’s largest-ever river hydro project on River Calder
by Annabel Andrews •
A new low head hydro project is being built on the River Calder at Kirkthorpe, four miles east of Wakefield in West Yorkshire. Work on the project has started after Wakefield Council granted permission to Kirkthorpe Hydropower Ltd, a subsidiary…
News
Centrica to acquire Neas Energy
by New Power •
Centrica is to acquire Neas Energy for £170 million. Neas provides customers in six countries in Europe with a route to market and short-term trading optimisation services. The customers together have 2,500 windfarms, solar plants and combined heat and power…
News
Isle of Wight tidal scheme gets go-ahead
by New Power •
Perpetuus Tidal Energy Centre (PTEC) has received the go-ahead from the Marine Management Organisation for a tidal energy generation project off the Isle of Wight. The onshore part of the 30MW project was approved by the local planning authority last…
News
‘No case to investigate’ says Ofgem over E.On/Age UK tariff, but Charity Commission criticises partnership
by Annabel Andrews •
The charity Age UK has been criticised and told to make significant changes by the Charity Commission after an investigation into its controversial relationship with energy supplier E.ON. In February this year the Sun claimed OAPs were being overcharged when they signed…
Flash update
Carbon Trust launches £7m fund to reduce energy costs for small businesses
by Annabel Andrews •
The Carbon Trust has launched a new fund to enable small businesses across England, Scotland and Wales to replace energy inefficient equipment. The £7m fund is available to SMEs on a first come-first served basis, and will offer energy saving training,…
News
Community generator Mongoose plans to become an energy supplier
by New Power •
Community energy company Mongoose has announced plans to start an energy supply business, planned to launch before the end of the year. The supply business will be run in partnership with locally-run community benefit energy companies across the UK. “We…