BlackRock has sold five operating wind farms and one operating solar project to Equitix Investment Management. All began commercial operations between 2010 and 2015. BlackRock said it had brought the projects through construction and early stage development and optimised the group’s debt…
Editor's blog
The game changer
by New Power •
Volkswagen has decided to enter the electricity supply market, initially to charge electric vehicles – supplying both the ‘fuel’ and the infrastructure – but soon as an electricity supplier in its own right. This could be the game-changer the electricity…
News
Lords: urgent need for infrastructure bank to plug gap in funding, as Brexit splits UK from EIB
by New Power •
Peers have called on the government to move quickly to plug gaps in investment in UK infrastructure, including key energy projects, as a result of Brexit. Lending from major European institutions has plummeted since the referendum and article 50 was…
News
Utilita picks up Our Power’s domestic customers
by New Power •
Ofgem has appointed Utilita Energy to take on Our Power’s 31,000 domestic customers under its ‘supplier of last resort’ process after the Scottish energy company ceased trading. Ofgem said Utilita was chosen after a competitive process. The regulator said that in…
News
Haven Power and GridBeyond announce partnership
by New Power •
Supplier Haven Power and demand side flexibility provider GridBeyond have announced a new partnership aimed at helping business customers trade the power they produce and participate in demand side response. Haven Power supplies renewable energy as standard to its customer base. GridBeyond’s platform powered…
News
Tougher regulatory settlement may signal downgrade for SGN
by New Power •
Ratings agency Moody’s has warned it may downgrade Scotia Gas Networks’ (SGN’s) gas networks in the south of England and Scotland, after Ofgem said it would take a less generous approach in the five years from 2021. Southern Gas Networks plc…
News
National Grid awards £300M of contracts for Hinkley Point C connection
by New Power •
Three contracts together worth £300 million have been awarded by National Grid to supply major works for the Hinkley Seabank connection, a new transmission line needed to export power from Hinkley Point C. The new 400kV connection will comprise 48.5km of overhead line and…
News
Nemo link with Belgium starts day-ahead trading tomorrow
by New Power •
National Grid’s NEMO link will go into commercial operation on 31 January, and day-ahead trading on the 1000MW interconnector with Belgium will begin tomorrow, 30 January. But some products the market requested for the new Interconnector, notably trades for within-day…
News
IDNO Eclipse announces funding from Octopus Investments
by New Power •
Octopus Investments has signed a long-term funding deal with Eclipse Power, which will allow the independent DNO to expand. The multi-million-pound investment is Octopus Investment’s first in the network sector. Eclipse Power was founded in June 2015 and was granted a licence in…