The National Wealth Fund has announced a £200 million commitment to support Associated British Ports (ABP), alongside £100 million commercial funding jointly from Bank of America, Lloyds and NatWest, help accelerate capital deployment. Eligible projects in the programme include a…
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ScottishPower offers half price electricity during Scotland and England World Cup group games
by New Power •
ScottishPower is offering its customers half price electricity during the World Cup with two hours of cut rate power during all planned group matches for Scotland and England. ScottishPower said the limited-time offer will help customers make the most of…
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Seventh Carbon Budget: the industry responds
by New Power •
Rachel Solomon Williams, Executive Director, Aldersgate Group: “Today’s publication of Carbon Budget 7 is a major step forward in the UK’s plans to meet its net zero commitments. It is good to see the government is setting a target that…
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Drax Group to acquire Bluefield renewables projects and pipeline
by New Power •
Drax Group has announced an agreed acquisition of Bluefield Solar Income Fund saying it is an attractive opportunity to grow its UK renewable generation business whilst being highly complementary to the Wider Drax Group’s existing operations and FlexGen portfolio. Drax…
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Every seeks planning permission for CCS addition
by New Power •
Evero has submitted a planning application to equip a wood-burning power plant within the HyNet industrial cluster in North West England with carbon capture and storage (CCS). Ince Bio Power currently generates energy from waste wood, which the company says…
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UKPN to explore local hydrogen production and use to replace emergency diesel generators
by New Power •
UK Power Networks has begun the early development stage of a project that could provide backup power for communities, by using hydrogen produced locally at times when there is excess power being generated. It is working with hydrogen specialists The…
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Ofgem to administer scheme to give bill discounts for houses near new high-power lines
by New Power •
Ofgem has been named as the administrator for the Bill Discount Scheme, which will give households that live near new electricity transmission infrastructure electricity bill discounts of up to £250 per year. The Department for Energy Security and Net Zero…
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GBE-N appoints companies to provide data to support new nuclear at Oldbury
by New Power •
Great British Energy -Nuclear has signed up Jacobs to develop environmental baseline data for the Oldbury site in South Gloucestershire. Oldbury, on the south bank of the Severn river, had two Magnox reactors totalling over 400MW that began operation in…
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DESNZ steps back from proposal to require solar over car parks
by New Power •
DESNZ has said it will not take forward plans to require car parks to install PV canopies. A DESNZ spokesperson said: “After careful consideration and close engagement with industry, we have decided against mandating solar panels on new car parks.…