Flowgroup is to sell energy supply business Flow Energy to Co-Operative Energy for £9.25 million, saying planned price caps would make it less likely customers would switch supplier. In November the company decided to maintain customer levels below 250,000 so…
Flash update
How much cash would you need to ‘go dark’ for an hour? Take ACER’s survey
by New Power •
ACER (the Agency for Co-ordination of Energy Regulators) is asking European electricity customers whether they would swap a short power outage for cash – and if so, how much. It is part of a research effort to try to find…
News
Tenaga Wind Ventures refinances UK wind farms
by New Power •
Tenaga Wind Ventures UK has refinanced its 80% interest in GVO Wind and Bluemerang Capital, two onshore wind companies acquired on 28 February. The company, a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad, opened a £120 million refinancing facility with Bayerische…
News
Siemens to construct Stockton peaking plant
by New Power •
Siemens is to design and build a decentralised gas peaking plant in Stockton on Tees for Hartree Partners, comprising six SGE86-EM 2MW containers. The peaking plant at use Siemens’ E-series engines designed for gas peaking plants, industrial power generation and…
Perspective
OPINION: Airport example shows there are still big wins in solar PV
by New Power •
Michael Watson, chairman of Pager Power, argues that the UK is missing some big wins on solar PV. Airports are a good example UK airports have huge amounts of land, most of which is grass. Most airport operators could install enough…
News
SPEN relaxes restrictions on Scottish PV installers
by New Power •
It will be easier for solar PV installations up to 200kW to connect in Scotland because Scottish Power Energy Networks (SPEN), the distribution network operator (DNO) has agreed to relax restrictions. STA Scotland provided SPEN with evidence on the modest network impact…
News
Origami Energy attracts £18 million in new funding
by New Power •
Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets, has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…
News
New funding raised for Islandmagee gas storage project
by New Power •
InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…
News
Scottish Enterprise awards R&D grant to Aggreko
by New Power •
Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…