SmartestEnergy has acquired small business energy supplier Dual Energy, a company it had provided with wholesale market access services since Dual started up nine years ago. SmartestEnergy said the acquisition would complement its existing I&C electricity supply business, adding smaller…
News
EC grants €530M for Celtic Interconnector
by New Power •
A €530.7 million grant for the construction phase of the 700MW Celtic Interconnector Project has been formally signed. The Celtic Interconnector is an EU Project of Common Interest (PCI) which will provide the first electricity interconnection between Ireland and France. The total…
News
EIB joins with Hydrogen Council to develop projects for investment
by New Power •
The European Investment Bank (EIB), one of the world’s largest providers of climate finance, has signed an agreement with the Hydrogen Council to collaborate on developoing innovative schemes to finance hydrogen projects to address climate change. The Hudrogen Council is a global initiative…
News
Utility connections company wins funding
by New Power •
Multi-utility service provider Aptus Utilities, has won funding of £12.8 million from private equity firm WestBridge to assist with its growth and expansion plans. Further finance was provided by OakNorth Bank. Established in 2010, Aptus provides design, build, install and…
News
Siemens celebrates 1000 offshore turbines
by New Power •
Siemens Gamesa Renewable Energy claimed a milestone when it installed turbine 51 at East Anglia One: it was offshore direct drive wind turbine number 1,000, eight years on from the first the company supplied. The company now has 1000 more direct…
News
TSOs cut stake in Nordpool power exchange, Euronext takes majority ownership
by New Power •
Euronext is to acquire a majority stake (66%) of Nord Pool group, which runs physical power markets in Europe, valuing the group at €84 million. Euronext said it will enter into a partnership, governed by a shareholder agreement, with the Nordic…
Perspective
Did New Power call it right? The view from 2015 on ‘Energy retailers: how are they changing?’
by New Power •
How are energy retailers evolving? New Power has tried to take a fresh look at their customer propositions and how the landscape will look in future. We’ve sorted them one way – but have we got it right? Take a look at our descriptions and give us your opinion.
News
Winners and losers: The New Power view on election promises for the energy and power sector
by Annabel Andrews •
What does the UK have to offer the world? In this month’s New Power, reports and interviews reiterate that the UK is seen as a leader in meeting the technical and financial challenges of decarbonisation and the potential to expand…
News
Anglian Water sites to host 35MW of PV in step towards net zero goal
by New Power •
Anglian Water Services has signed the UK’s largest onsite solar PV generation deal with NextEnergy Capital, Investment Manager for the NextEnergy Solar Fund (NESF). In the deal, awarded after a competitive tender, NextEnergy Capital will design, build, operate, and own over…