Nest, the investor that manages £16 billion in pensions for nearly a third of the UK’s workforce, is to partner with Octopus Renewables to commit around £250 million to renewables projects in the UK and Europe in 2021. Nest said…
Author Archive for New Power
Act by 26 March: ports seek clean flexible power sources for the ship to shore connection
by New Power • • Comments Off
A competition for solutions to the supply of flexible clean power to ships and other port users closes on 26 March. Currently ships in berth receive power from onshore facilities and port owners have to managing energy being delivered to the…
Legal and General to begin work on ‘operationally net zero’ retirement community
by New Power • • Comments Off
Legal & General has started work on building a ‘Net Zero’ retirement community. The new community, Millfield Green, in Caddington, central Bedfordshire, and will eventually have 200 specialist age-appropriate homes. It will use renewable energy generation through on-site photovoltaics, EV-charging,…
If hydrogen is to work it can’t be second class for domestic users
by New Power • • Comments Off
Janet Wood asks how we will look back on the hydrogen future In the short term, a switch to electric heating is expensive and disruptive. It may mean new heating systems are needed throughout the property. In contrast, a switch to…
Global investor chief Lawrence Slade says UK needs a delivery plan to unlock green infrastructure funding, warns cash set to go elsewhere
by New Power • • Comments Off
Regulatory pressure including the RIIO settlements have created a “nervousness in investors” and a new uncertainty and the government “missed an opportunity in the budget to put that right,” according to Lawrence Slade, chief executive of the Global Infrastructure Investment…
Four Drax gas turbine projects still up for sale – now with £230M in Capacity Market contracts
by New Power • • Comments Off
Drax says that it is still considering the sale of four 299MW open cycle gas turbine (OCGT) projects at sites in England and Wales, although three of them have provisionally secured 15-year Capacity Market agreements in the T-4 auction. The agreements are…
Ofgem plans to cut electricity distributors’ return on equity by a third from 2023
by New Power • • Comments Off
Citizens Advice has welcomed an announcment from regulator Ofgem that it would cut allowed returns for electricity distribution network operators (DNOs) by a third in the upcoming price review period, saying “In the face of appeals by other energy networks over…
GE confirms plans to manufacture wind turbine on Teesside
by New Power • • Comments Off
GE Renewable Energy has confirmed plans for a wind turbine blade manufacturing facility on Teesside for its 13MW Haliade-X turbines. Each turbine blade is 107M long. It will provide 190 turbines for Dogger Bank, the world’s largest offshore wind project, being built by SSE Renewables…
Longread: take a deep dive into offshore cable risks
by New Power • • Comments Off
Our expanding electricity network – and its expanding pool of owners – has raised new questions about how to allocate and manage risk relating to the cables on which the system depends. New Power took a deep dive into cable…
Thrive takes on second battery, aims at wholesale, balancing and capacity markets
by New Power • • Comments Off
Thrive Renewables has acquired the rights to its second battery storage project. The 20MW battery on Feeder Road in Bristol will offer flexibility, delivering 20-40MWh (one to two hours). Thrive is now working to identify partners for the construction phase which is…