The UK’s export finance activities are undermining its international climate and development targets, says a new report from the Environmental Audit Committee.Committee chair Mary Creagh said: “The government claims that the UK is a world leader on tackling climate change, but…
Author Archive for New Power
Suppliers with more than 150k customers obliged to offer export tariff from 31 December
by New Power • • 2 Comments
From 31 December, suppliers with over 150,000 customers will have an obligation to offer an export tariff for customers who install solar, wind, anaerobic digestion or hydro generation with a capacity up to 5MW. The obligation also includes micro CHP with…
New ‘DSO entity’ will underpin Europe-wide standards, but UK will be a rule taker
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The UK is likely to have ‘associate’ status after Brexit in a new EU ‘DSO entity’ bringing together the bloc’s 2,400 distribution system operators. The new entity will be set up over the next two years and its first tasks…
Grants available for local energy projects
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Grant applications are invited for a share of up to £30 million from UK Research and Innovation (UKRI), to develop local energy systems for UK communities. The aim is to create a pipeline of highly innovative, ambitious and investable local energy system designs that…
WW2 aircraft revealed in IFA 2 survey lifted from seabed
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Specialist divers and archaeologists have completed an operation to retrieve the wreckage of a 1943 Fairey Barracuda Torpedo bomber found by National Grid engineers last summer during a seabed survey ahead of the construction of the IFA 2 Interconnector. The three-seater…
Treasury Committee opens inquiry on decarbonisation and green finance
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The Treasury Committee has launched an inquiry into the decarbonisation of the UK economy and green finance. It will scrutinise the role of HM Treasury, regulators and financial services firms in supporting the Government’s climate change commitments. It will also examine the…
E.On has to withdraw ’70-year history’ advert
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The Advertsising Standards Authority has told E.On that it has to withdraw regional press advertisements comparing itself to energy companies going out of business. The company said it was “70 years old and still going strong” but a complainant said that…
Scottish government ‘must go farther’ on low carbon plans, say MSPs
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Scottish MSPs say clearer plans are needed on how climate change will be addressed. The call came in a report by Holyrood’s Environment, Climate Change and Land Reform Committee on the Climate Change (Emissions Reduction Targets) (Scotland) Bill following the report…
Foresight takes on advisory for £764 million of new assets
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Foresight is to acquire the advisory mandate for 28 operational assets across a wide range of renewable generation, wastewater and waste management activities located in the UK and Europe from John Laing Capital Management. The JLEN assets have a gross asset value…
Investment heads towards renewables and infrastructure
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Foresight Group has launched a new fund to invest directly into publicly listed companies that own and operate infrastructure or renewable energy assets globally. It is targeting a total return of more than 3% per annum above the rate of…