Renewable infrastructure fund Greencoat UK Wind has announced gross issue proceeds of £147m after an oversubscribed capital raise. The firm, which invests in operating UK wind farms announced the second issue of its share issuance programme on 25 October. Today,…
News
Three new interconnectors to be allowed ‘cap and floor’ guaranteed return
by New Power •
Ofgem has agreed that three projects submitted in its interconnector ‘application window’, which closed on 31 October, are eligible for the ‘cap and floor’ regime. The regime provides a guaranteed return for the project from electricity consumers’ bills, but caps…
Flash update, Longread
‘Emerging’ power technology? Act today to avoid new grid response requirements
by New Power •
Today is the deadline for companies developing new power technologies to apply to be classified as ‘emerging technologies’ and avoid strict new requirements on how they interact with the grid and provide grid services. Ofgem’s information for emerging technologies applying…
News
Triple hit for ‘car park’ diesel fleets as Capacity Market auction approaches
by New Power •
Three major changes are expected to drive small plant – especially new ‘car park’ diesel fleets – out of the upcoming Capacity Market auction and benefit new large gas turbines. The first, aimed directly at small diesel farms, will place…
News
Imperial College London analysis shows system integration costs of renewable generation are low
by Annabel Andrews •
A new E3G report based on analysis from Imperial College London lays to rest the argument of a preventative ‘hidden’ cost of renewable power, as investment in grid flexibility lowers the final costs for the grid and for bill payers. Imperial College has…
News
First power produced by MeyGen tidal power array
by Annabel Andrews •
Atlantis Tidal’s MeyGen project site in the Pentland Firth, Scotland, successfully produced power for the first time this week. When fully completed, the project is set to be the world’s largest free stream tidal power project. The turbine, supplied by Andritz Hydro…
News
E.On completes foundation installation at Rampion on schedule
by Annabel Andrews •
E.On is celebrating after completing installation on schedule for the 116 turbine foundations at the Rampion Offshore Wind Farm. Work to install the first foundations began in early February and was put on hold during the Black Bream spawning season between mid-April and…
News
Pensioners among most active energy switchers
by Annabel Andrews •
More than three-quarters (78%) of the over-65s have switched energy supplier at some point, making them some of the most active consumers in the energy market according to new research by the Energy Ombudsman. Customers who switched found the process straightforward,…
Longread, Perspective
Opinion: Sparking a smarter power revolution
by New Power •
Lucy Symons, director of public policy at Open Energi, says there is appetite in most businesses to help manage the grid. A little education could go a long way to delivering it Demand flexibility has come a long way…