There will be ‘more to come’ on renationalising public services in Labour’s next manifesto, Rebecca Long-Bailey, Shadow Secretary of State for Business Energy & Industrial Strategy, promised a fringe meeting on public ownership at the Labour Party Conference. “We want regional…
News
Gemserv offers online access to Smart Energy Code
by New Power •
Gemserv has digitised the Smart Energy Code – the contract that sits at the heart of the smart meter roll-out. It has launched a code management platform – CodeWorks – where parties can interact with code documentation, filter for information that is relevant…
News
SEEIT invests in Spanish CHP
by New Power •
Energy efficiency investor SDCL Energy Efficiency Income Trust has agreed to acquire a €64 millionportfolio of cogeneration assets in Spain. Nine operational projects provide in aggregate 125MW, comprising five combined heat and power (CHP) plants, two olive processing plants and…
News
Offshore wind hits record low below £40/MWh
by New Power •
The upcoming round of offshore wind farms will be delivered at prices of £39.65-£41.61 per megawatt hour, for windfarms delivered by 2025. The results of the governent’s latest Contracts for Difference auction showed a drop from the previous auction two years ago,…
News
Drax granted DCO for gas-fired plant at Abergelli
by New Power •
An application by Drax to build a gas power station in Abergelli has been approved by the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The 299MW open cycle gas turbine (OCGT) power station, in southern Wales, will be…
News
At least 7GW of new offshore wind in prospect as Crown Estate opens seabed leasing Round 4
by New Power •
The Crown Estate has opened a new seabed leasing round, offering the rights to build at least 7GW of offshore wind in the waters around England and Wales. It is making four areas available, within which potential developers will have…
News
Ovo aims to halve customers’ carbon footprint by 2030, offer heat pumps to replace gas boilers
by New Power •
Ovo Energy celebrated its tenth anniversary and acquisition of SSE’s domestic customers by announcing plans to drive emissions down to zero in its own operation by 2030 and help its customers halve their carbon footprint over the same period. Launching…
News
Ørsted raises renewable generation focus as it divests customer-facing business
by New Power •
Ørsted has agreed to divest its Danish power distribution (Radius), residential customer and City Light businesses to SEAS-NVE, adding £2.5 billion (DKK 21.3 billion) to its war chest for further expansion. The Danish company has investments in eleven UK offshore…
News
EC approves RWE/E.On asset swap
by New Power •
The European Commission has approved a £40 billion asset swap between E.On and RWE that will reshape the two energy giants. The asset swap had aleady been approved by competition authorities in Germany and the UK. E.On told Innogy’s board earlier…