MHI Vestas Offshore Wind will repurpose a decommissioned, oil-fired power plant into a turbine painting and logistics facility. The new facility is the latest in a series of manufacturing investments made by MHI Vestas in the UK and will compliment the…
News
Government seeks views on cutting the cost of energy
by Annabel Andrews •
A call for evidence on reducing the cost of energy has been launched by the government today, following the independent review by Dieter Helm. On 25 October, Professor Helm concluded his independent review which outlines recommendations on how to reduce…
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Open Energi launches AI platform to aggregate demand management
by Annabel Andrews •
Open Energi has launched a new software platform, which will allow businesses aggregate assets with flexible demand in order to maximise energy savings. The Dynamic Demand 2.0 platform will connect, aggregate and optimise distributed energy assets, including industrial equipment, battery…
Flash update
SSE/Innogy retail merger likely to face competition test
by New Power •
Consumer organisation Which? expressed concern after SSE and Innogy announced plans to spin off and merge their supply businesses. A new supply company will be created to include SSE’s domestic energy supply and services business in GB and Innogy’s Npower household…
Flash update
Neart na Gaoithe gets new go-ahead from Supreme Court
by New Power •
Mainstream Renewable Power has welcomed a decision by the Supreme Court that will clear the way for construction of the 450MW Neart na Gaoithe offshore wind farm. The court rejected RSPB Scotland’s application for leave to appeal in its long-running challenge to…
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Octopus Investments raises extra £80m to refinance solar assets
by Annabel Andrews •
Octopus Investments has expanded the £484m solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector. An additional 100MW of solar assets have been brought into the portfolio with…
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Vattenfall set to enter GB networks business
by New Power •
Vattenfall has launched an independent distributions business for GB. Vattenfall Networks was granted a licence on 1 November and is expected to begin operations in 2018. It will be headed by Stewart Dawson. The new unit Vattenfall IDNO, an Independent Distribution Network Operator,…
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Elexon to offer ‘sandbox’ approach to bring on electricity market innovations
by New Power •
Balancing and settlement company Elexon wants to set up a market ‘sandbox’ to allow companies to test innovative products or ideas for the electricity market. The idea follows Ofgem’s similar approach, which allows for a temporary derogation from existing rules,…
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Scotrenewables Tidal Power opens new investment round
by Annabel Andrews •
Scotrenewables Tidal Power is seeking new funding to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to lead the investment process out of…