Dong Energy said it is now a “pure play renewables company” after signing an agreement to divest its upstream oil and gas business to INEOS. Dong agreed to divest the entire share capital of it’s upstream oil and gas business…
News
Northern Powergrid signs electric vehicle MoU with Nissan
by New Power •
Northern Powergrid has joined with Nissan to look at how electric vehicles, batteries and other technologies can support energy networks. Through its Intelligent Mobility blueprint, Nissan aims to demonstrate how electric vehicles like its LEAF car can work in tandem…
News
Cadent acquisition drops gas network credit quality
by New Power •
Ratings agency Moody’s regards the new parent company of Cadent, which has acquired National Grid’s gas distribution networks, as “weak investment grade”, it said, announcing a ratings downgrade from A3 to Baa1 for Cadent. Moody’s noted the very low business…
News
Some wind generators to queue until 2019 for Feed in Tariffs
by Annabel Andrews •
Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the final quarter of 2019, according to new figures released by Ofgem. The latest information from the regulator showed that there are currently 51…
Flash update
EMR Delivery Body confirms CfD auction timetable
by New Power •
The next Contract for Difference auction for new renewable energy projects will be after the General Election, the EMR Delivery Body has confirmed. Scenarios in which a window for submitting sealed bids could open before 8 June have fallen away,…
News
Uber EV trial identifies barriers to electric private hire fleets
by Annabel Andrews •
A three-month trial conducted by Uber and the Energy Saving Trust (EST) has identified the issues holding back further penetration of electric vehicles into the capital’s fleet of private hire vehicles. The EST said these issues could be summed up…
News
Guernsey investigates offshore wind
by New Power •
A preliminary feasibility study has concluded that offshore wind technology could be viable in several locations off Guernsey’s coast. The study, by Xodus Group, was funded jointly by the States of Guernsey and Guernsey Electricity. It found that developing a…
News
National Grid’s French interconnector profits drop 41% year on year
by Annabel Andrews •
National Grid’s profits from its French interconnector fell 41 per cent from £123m in 2015 to £72m in 2016, the company said in its annual results announced today. The company said this was driven by lower power price differentials between the…
News
Ofgem gives approval for Project Nexus go-live on 1 June
by Annabel Andrews •
Project Nexus, the gas settlement reform programme, is set to go live on 1 June after the Project Nexus Steering Group met today to make the final go/no go decision. Yesterday, Ofgem told the steering group it would not delay Project…