The Environmental Audit Committee has launched a Green Finance inquiry to scrutinise the government’s plan to develop “world leading green finance capabilities”. The government’s Clean Growth Strategy sets out how more than £2.5bn will be invested by the government to…
News
Rampion offshore wind farm generates first power
by Annabel Andrews •
The first fully commissioned turbine at offshore wind farm Rampion has started generating electricity. The installation of the turbines began in March 2017 and was completed ahead of schedule in September. The 400MW Rampion project is located 13 kilometres off…
News
Greencoat picks up more solar projects
by New Power •
BayWa r.e. has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital. The portfolio includes includes six solar farms spread across England and Wales totalling 30MW, and the 45MW Bann Road solar…
News
SGN to return £145m “unjustified profits” to customers
by Annabel Andrews •
Scotia Gas Networks (SGN) has announced that it will voluntarily return £145m to customers after identifying excess profits from the most recent price control. Under Ofgem’s price control sharing mechanism this will result in £84 million being returned to customers. The…
News
Energy sector responds to Industrial Strategy
by Annabel Andrews •
Louise Kingham, chief executive of the Energy Institute, said: “The strategy lays solid, economy-wide foundations and identifies the great challenges of our age. The energy sector has a defining role to play in making a success for the UK of clean…
Longread
From New Power Report: what is a blockchain and what are the energy applications?
by New Power •
In the March 2017 issue of New Power Report Janet Wood looked at how blockchains are becoming a reality in the electricity sector Anyone attending power industry conferences and meetings in the past couple of years has heard that blockchains have the potential to transform the…
News
Launch of Ventient Energy brings new player to onshore wind sector
by New Power •
Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
News
Pensions investments tilting towards low-carbon
by New Power •
The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…
Perspective
What does the year ahead have in store for transforming utilities? IT companies’ future views
by New Power •
Traditional utilities are transforming into e-utilities, using big data and new IT opportunities to offer services to distributed energy providers, prosumers and connected-home customers. New Power asked companies working at the intersection of energy supply and e-services to give their…