Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value of £50 million. The portfolio contains all five of the wind farm investments made by the Environmental Capital Fund (ECF), a specialist infrastructure…
Author Archive for New Power
Brexit extension leaves business ‘extremely uncertain’ over carbon costs
by New Power • • Comments Off
The Brexit delay has left carbon emitters, including power generators, with uncertainty over multi-million pound emissions payments. The uncertainty arises because it is not clear whether UK companies will take part in the EU Emissions Trading Scheme (EU ETS) in future.…
Ripple Energy launches crowdfunding
by New Power • • Comments Off
Ripple Energy is about to start crowdfunding to develop a platform that offers a new ownership model for renewables. It is using Seedrs to raise £750,000 for 23.21% of the company. Last month New Power editor Janet Wood spoke to Ripple’s…
Longannet demolition moves forward
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Parts of a structure at Longannet, Scotland’s last coal-fired power station, have been successfully demolished in a controlled explosion. The boiler annex east, close to the station’s chimney, was ‘blown down’ in calm conditions on Thursday by ScottishPower’s demolition contractor…
Reader question: Which monopoly activities in the energy sector are in line for most change?
by New Power • • Comments Off
We asked five questions addressing how the public and private sector, and regional and national bodies, can work together to help the energy sector become more distributed, greener, smarter and more flexible. Why? Because utilities and utility regulation are facing…
CfD registrations open
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The registration process for the Contracts for Difference Third Allocation Round has now opened, the EMR Delivery Body has announced. The registration is in preparation for the upcoming auction round which is due to open by May 2019. The EMR…
Capacity Market T-1 auction set for June
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A Capacity Market Auction will be held on 11-12 June for delivery year 2019/20, BEIS has announced. Prequalified companies who do not wish to take part have to notify the EMR Delivery Body over the next two weeks.that they will withdraw.…
Ofgem sets out tougher regime for energy suppliers
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Ofgem has promised new tests for companies who want enter the energy retail market, to be applied from June this year, and has promised to follow up with a more testing regime for existing suppliers. Ofgem said new applicants will…
Did anyone tell National Grid Gas?
by New Power • • Comments Off
In its strategy document ‘Towards 2030′ National Grid sets out ambitious, and very welcome, plans to take on the challenge of transforming the UK’s energy system. It says, “As the System Operator for Great Britain, we are privileged to sit…
Reader question: Are `utilities` still a useful grouping? How else might we view the provision of these services?
by New Power • • Comments Off
We asked five questions addressing how the public and private sector, and regional and national bodies, can work together to help the energy sector become more distributed, greener, smarter and more flexible. Why? Because utilities and utility regulation are facing…