National Grid has announced it will sell its 39% share in Cadent to Quadgas Investments Bidco by the end of June 2019, subject to regulatory approvals. Following the sale, Quadgas will own 100% of Cadent. National Grid said the expected proceeds of…
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Toshiba to wind up nuclear project at Moorside
by New Power •
Toshiba has announced its intention to withdraw from the nuclear power plant construction project at Moorside in Cumbria, and wind up the NuGeneration Limited (NuGen) business. The company said it had spent 18 months in negotiations with a range of potential…
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UK’s renewable investment appeal dips amid Brexit fears, says EY
by Annabel Andrews •
The UK has slipped down one position to eighth in the latest EY Renewable energy country attractiveness index (RECAI), following a “marked slowdown” in clean energy investment ahead of the planned departure from the EU. EY cited concerns from many in the renewable…
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RWE halts development at Tilbury
by Annabel Andrews •
RWE has decided to freeze the development of Tilbury Energy Centre, based on current market conditions and project costs. The company had been planning for a Combined Cycle Gas Turbine (CCGT) power station with capacity of up to 2.5GW, a…
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Simec signs FEED contract for Uskmouth conversion to fuel from waste
by New Power •
Simec Atlantis Energy has awarded a front end engineering design contract to a consortium comprising engineering firm WSP, and combustion system designers RJM, relating to conversion of its Uskmouth power plant to burn pellets derived from waste. The FEED contract is…
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Nemo Link: will power flow across the interconnector in a no-deal Brexit?
by New Power •
Will power trading seize up across GB’s interconnectors after Brexit? National Grid says trading will continue, but it will not be ‘frictionless’ if there is no deal and the UK exits the pan-EU ‘internal energy market’. Janet Wood discussed the…
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Planning approval sought for Gleshero wind farm
by New Power •
Simec, part of Sanjeev Gupta’s GFG Alliance, has applied to build a £158 million wind farm at Glenshero. The 168MW scheme, comprising 39 turbines located around eight kilometres north west of Laggan, is being developed on Simec’s behalf by RES. GFG Alliance already…
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Arlington Energy announces £200 million investment in flexibility assets
by New Power •
Arlington Energy has announced that it has secured initial funding of £200 million to build energy storage and gas peaking assets. The company said it has access to over 1GW of assets which will be developed and constructed over the next 1-3…
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Biogas project in northeast
by New Power •
Wardley Biogas is to construct a new plant at Wardley, Tyne & Wear, to convert unwanted organic waste into green gas for use across the region’s heat, power and transport sectors. The £17 million project is supported by BioConstruct, a…