Water and waste water company Pennon says it is in “advanced discussions with a range of counterparties” offering large scale solar development opportunities at sites situated across the UK, ranging in capacity up to 60MW. In a trading update the…
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Gresham House storage fund celebrates 20% lift in earnings
by New Power •
Gresham House Energy Storage Fund plc saw earnings increase by over 20% in 2022, to £48 million, thanks to rising prices and increased market volatility. It expects its operational capacity to reach 1GW in 2023 and around 1.5GW in 2024.…
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First floating wind farm off Wales wins development consent
by New Power •
The Welsh Government has granted development consent for Wales’ first floating windfarm, Project Erebus, to be located 40km off the coast of Pembrokeshire. Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group, says it is currently on…
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Invinity sells further UK battery, plans Hungarian expansion
by New Power •
Invinity Energy Systems has received an order from Dawsongroup for another 0.22MWh VS3 flow battery. The two companies announced a partnership on 16 January to jointly develop and market a full package battery plus renewables solution that is designed to…
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Robin Rigg owner seeks £9.4M from cable-maker after cartel inflated price
by New Power •
RWE Renewables has sought damages of £9.42 million with regard to the cost of installing export cables for the Robin Rigg offshore wind farm. The claim comes after the European Commission decided in 2014 that a cartel had operated in…
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Closure of nuclear plants at Heysham and Hartlepool delayed by at least two years
by New Power •
EDF Energy has announced it will extend the lives of two nuclear plants – Heysham 1, in Lancashire, and Hartlepool, in Teesside – by a further two years to March 2026, and possibly longer. Both plants mark 40 years of…
Longread
INTERVIEW: Angela Love says it is time to think about long-term governance around smart meters
by New Power •
Angela Love has taken over as chair of the Smart Energy Code – the rulebook that will take customers into a smart energy future. She wants to use it to improve services, but there are some fundamental decisions to be…
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Crown Commercial Service awards £51M energy supply contract
by New Power •
EDF Energy and Total Gas and Power will be the contractors through which central government and wider public sector customers will be supplied with electricity and gas, respectively, in the next four years. EDF Energy won a framework agreement for…
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Westminster ‘must act’ to gain benefits from Celtic Sea floating wind for Wales and UK
by New Power •
“Floating offshore wind represents a once-in-a-generation industrial opportunity for Wales – we cannot afford to let this pass us by,” said Welsh Affairs Committee Chair, Rt Hon Stephen Crabb MP. He was launching a report by the Welsh Affairs Committee…