Ørsted, formerly known as Dong Energy, has signed an agreement to sell 50% of the 659MW Walney Extension offshore wind farm project. The buyers will be a consortium consisting of two Danish pension funds. Each investor will obtain a 25%…
News
ENA seeks views on gas and electricity innovation
by New Power •
The Energy Networks Association has launched a consultation on its Gas Network Innovation Strategy. The strategy sets out the challenges and the opportunities facing the gas transmission and distribution networks as the UK looks to decarbonise its energy system. It…
News
EDF Energy Renewables to sell majority stake in five UK wind farms
by Annabel Andrews •
EDF Energy Renewables is selling a majority stake in five of its UK onshore wind farms to Greencoat UK Wind. EDF Energy Renewables will continue to own a 20% share in the wind farms and will continue to run the…
Flash update
Call for ideas: electricity System Operator wants innovation, £70M funding available
by New Power •
Electricity System Operator (SO) National Grid is looking for innovators to put forward projects for the 2018 Network Innovation Competition (NIC) process. The competition is operated by the regulator, Ofgem, and it makes funding available to inspire large-scale and industry innovations…
Flash update
Gas networks call for ideas from outside the industry: £20M funding available for innovation
by New Power •
The UK’s gas networks want ideas for innovation that can deliver cost, carbon or environmental benefits for customers. The companies will be able to access innovation funding of up to £20 million per annum through the Networks Innovation Competition (NIC) and…
News
Industry expects data companies to beat utilities to use residential demand flexibility
by New Power •
Data businesses will be ahead of utilities in the rollout of residential demand management (RDM), which will allow users to participate in balancing supply and demand, according to a survey of industry professionals carried out by Green Energy Options (Geo),…
News
Centrica: business fears power failures – but does not make it a priority
by New Power •
Businesses underestimate the cost of electricity failures, according to Centrica Business Solutions. In a survey of UK and Irish businesses, senior energy decision-makers who had not experienced a serious energy failure predicted the cost to their business would be 7%…
Perspective
OPINION: Top ten? Board-member checklist tests stakeholder engagement
by New Power •
How effective is your board in meeting ‘future customer’ and stakeholder needs? Sustainability First has developed a check-list for the boards of energy companies to use to assess that question. Within your corporate structure, is it clear where responsibility sits for…
News
BEIS Committee seeks views on the Draft Energy Price Cap Bill
by Annabel Andrews •
The Business, Energy and Industrial Strategy Committee has announced a call for evidence on the government’s Draft Energy Price Cap Bill. The BEIS Committee’s pre-legislative scrutiny will involve examining the objective, provisions, and likely impact of the legislation and the…