Energy supplier Spark Energy is in talks over a merger after it missed a Renewables Obligation payment of £14.4 million, due by 31 October. Chief executive Chris Gauld, who led a management buyout of the company in 2016, told the…
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Lords seek reassurance from minister over post-Brexit energy and carbon prices
by New Power •
Members of an influential parliamentary committee have raised fears over government’s planning for the energy industry after Brexit, raising fears that it could raise prices, damage carbon markets and damage the Single Electricity Market between Northern Ireland and the Republic…
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Hornsea 1 deal dominates European power transactions in Q3 2018
by Annabel Andrews •
Across Europe, renewables represented 76% of M&A deal value (US$8.1b) and underpinned a weaker-than-expected quarter, with an overall 78% decline in deal value in Europe to US$10.1b. This figure was largely due to the $5.9b sale of 50% of the Hornsea 1…
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New AD plant for Iona Capital
by New Power •
Iona Capital has financed the construction and operations of a new 8.8MWt anaerobic digestion plant in Dumfries and Galloway, Scotland. The plant has pre-qualified under the Non-Domestic Renewable Heat Incentive (RHI). The principal feedstock will be waste slurries generated from local…
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Storage fundraising below target
by New Power •
Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, reports Solar Power Portal - half its £200 million target. Gore Street Capital raising £30.6 million in May against its target of £100 million. The…
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Solar-powered surveillance company completes successful crowdfunding
by New Power •
UK technology company Sunstone, has raised £592,000 from over 450 investors via crowdfunding platform, Crowdcube. Its target was £500,000. Sunstone has developed solar powered products that provide surveillance, wireless networks and satellite communications to sites around the world. Paul Schelhaas, co-founder and…
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£6m Green Economy Fund winning projects announced – applications open for next round
by Annabel Andrews •
SP Energy Networks’ £20m Green Economy Fund today awarded funding to thirteen Scottish low-carbon transport and heating projects. The fund, established earlier this year by the electricity network operator, supports the green targets of the Scottish government to boost local…
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Planning inspectorate examining bigger transmission line for new nuclear plant at Wylfa
by New Power •
Plans for a new nuclear power plant at Wylfa in Anglesey, Wales, have taken a step forward as the new transmission line for the project has been accepted for examination by National Infrastructure Planning. The planning body has begun registering ‘interested…
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Client Earth to challenge Drax Repower project
by New Power •
Client Earth has challenged Drax’s plans to convert two coal-fired power stations to gas and install battery storage at the site, the Guardian reports. Drax argues that building new gas-fired plants will mean it can shut down its two remaining…