OMERS has announced the sale of its 25% stake in Scotia Gas Networks Limited to Global Infrastructure Partners (GIP). SGN is the second largest gas distribution network in the UK, which owns Scotland Gas Networks and Southern Gas Networks. It…

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Global asset manager Schroders is to acquire a 75% share of renewable infrastructure manager Greencoat Capital, for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch…

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Ofgem has warned energy generators that “We will not hesitate to take action if we find evidence of market manipulation” in an open letter to companies who participate in the so-called ‘Balancing Market’ (BM). General electricity trading applies in half-hourly…

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Northern Ireland is working with Westminster’s Department for Business, Energy and Industrial Strategy (BEIS) to explore whether the Contracts for Difference scheme currently operating in GB can be extended to Northern Ireland. If so, the aim would be to include…

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Cloud hosting and data centre provider Teledata and Conrad Energy have agreed to install an initial 1.2MW of solid oxide fuel cells (SOFCs) from Bloom Energy at Teledata’s data centre in Manchester. Conrad Energy will fully fund the installation of…

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Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest £85 million in Rolls-Royce SMR Limited. It QIA will join Rolls-Royce Group, BNF Resources UK Ltd and Exelon Generation Ltd as shareholders in Rolls-Royce SMR, taking a 10% share…

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UK Oil & Gas (UKOG) and Ceraphi Energy are planning a joint venture to develop part of UKOG’s Horse Hill oil site in Surrey into a geothermal energy hub. Surrey County Council granted Horse Hill Development Ltd (HHDL) planning permission…

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