The government has reiterated plans for a £270 million capital grant programme first announced in March 2020, which aims to stimulate the growth of low-carbon heat networks. The fund will open to public, private and third sector applicants in England,…
News
Shetland link: Ofgem consults on cost assessment, allows £1.4M to cover Brexit risk
by New Power •
Ofgem has proposed to allow SSEN £628.6 million to build a 600MW HVDC link between Shetland and Caithness, which would allow power to be exported from new wind farms in the island. That figure is £46.8 million lower than the…
News
Heat Networks Investment Project grant will increase Enfield heat network to 50k homes
by New Power •
The Heat Networks Investment Project (HNIP) has awarded £24 million of funding to Energetik to support two extensions to its community heat network in the London Borough of Enfield. This brings the total support provided by HNIP to just under…
News
Ecotricity claims first acceptances for its Good Energy share offer
by New Power •
With just over five weeks to go before closure of its attempt to acquire Good Energy, Ecotricity has so far received acceptances of its offer for shares representing approximately 1.8 per cent of Good Energy’s issued ordinary share capital, Ecotriicty…
News
Energy efficiency fund to raise £175M in new share offering
by New Power •
SDCL Energy Efficiency Income Trust has announced a share offering to raise £175 million, saying it has identified an extensive pipeline of investment opportunities with a value of over £600 million. Jonathan Maxwell, chief executive of SEEIT investment manager Sustainable…
News
EDF exits UK gas generation as it completes West Burton B disposal
by New Power •
Institutional investor EIG has completed its acquisition of EDF’s West Burton B power station in Nottinghamshire. The acquisition was announced in April and sees EDF dispose of its only UK gas-fired power station, and will see EIG become a UK…
Editor's blog
Charging points of SE London
by New Power •
It’s a joy to meet friends for lunch again, but sometimes it seems they haven’t noticed how the world has moved on in the last two years. I was forced to point out how times were changing with one friend…
News
Severn Trent and Octopus plan joint development for Midlands renewables projects
by New Power •
Water company Severn Trent and energy supplier Octopus Energy Group are joining forces to develop renewable energy projects across the Midlands using Severn Trent sites and other third-party locations throughout the region. The collaboration follows Severn Trent’s plans, announced in…
Longread, Sponsored post
Climate change: the race is on, and clean energy investment is ramping up
by New Power •
Kay Hobbs, partner at UK law firm TLT, says the finance sector is stepping up to invest in green energy The recent report by the Intergovernmental Panel on Climate Change (IPCC) made for grim reading. It declared that climate change…