SP Energy Networks has launched a flexibility tender for companies who can vary their demand or call on self-supply at specific times. It wants to procure 273MW of flexibility for an 18-month period from November 2023 to October 2025, and…
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Biffa to upcycle waste vehicles from diesel engines to electric
by New Power •
Waste management company Biffa and vehicle electrification company Lunaz are combining their expertise to give Biffa trucks a new lease of life by replacing diesel engines with electric. Older vehicles will be upcycled instead of scrapped as Biffa transitions its…
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AWE’s Aldermaston and Burghfield sites to host solar PV arrays
by New Power •
The Atomic Weapons Establishment (AWE) is aiming to invest in two large solar PV farms on its sites. AWE – the organisation that designs, manufactures and decommissions the UK’s nuclear warheads – wants to source two 25-year direct-wire power purchase…
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NextEnergy Solar Fund to sell PV farms to strengthen balance sheet and invest in storage
by New Power •
NextEnergy Solar Fund has announced plans to sell a 236MW portfolio of subsidy-free UK solar assets, the proceeds, saying it wants to “capture significant value” from the sale to be used to invest in “higher returning investment opportunities … such…
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Downing pays £12.6M to acquire 13MW of operational PV
by New Power •
Downing Renewables & Infrastructure Trust (DORE) has acquired a 13MW portfolio of operational solar PV assets located for £12.6 million. DORE said it has now deployed substantially all of its remaining cash and expects to draw on its £40 million…
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Drax pauses ‘biomass with CCS’ project, returns £150 million to shareholders
by New Power •
Drax Power has halted investment in a project to fit carbon capture and storage (CCS) to units burning biomass at its Yorkshire powersite and instead said in a trading update that it will return £150 million to shareholders. The decision…
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Green hydrogen starts to find use cases within new energy technologies
by New Power •
Two applications could see green hydrogen used to supply the raw materials for new energy industry technologies. The UK’s AMTE Power, which develops and manufactures of lithium-ion and sodium-ion battery cells has signed a memorandum of understanding with CalPac Resources,…
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EU opens joint gas buying scheme as fears are raised over supplies for coming winter
by New Power •
Meanwhile consultant McKinsey has warned that the EU has to reduce gas demand significantly if it is to manage the upcoming winter without Russian gas supplies. McKinsey says Europe needs to reduce its gas demand by 55bcm. In a new…
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‘Lionlink’ multi-purpose interconnector to link GB, Netherlands and offshore wind farms
by New Power •
National Grid Ventures and TenneT, the grid company serving the Netherlands and parts of Germany, have announced plans for a multi-purpose interconnector that will serve offshore wind farms while it connects the UK and the Netherlands. The Department for Business,…