NextEnergy Solar Fund has acquired ten operating solar plants with a total installed capacity of 46.6MWp. All ten assets were connected during 2016 and 2017, with subsidies including both renewable obligations certificates and feed-in-tariffs. The solar plants are : Fiskerton (13.0MWp, Lincolnshire)…
Author Archive for New Power
Canadian investors buy UK PV totalling 13,259 rooftop and ground-based installations
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Canadian infrastructure investment management firm Fiera Infrastructure has made its first sole investment in the UK. It has acquired a solar PV portfolio of 13,259 residential and commercial rooftop systems, and ground-mounted solar, across England and Wales totalling 41MWp. The portfolio…
Government aims to help drive pension funds towards green investment
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The government is acting to help direct investments from UK pension funds into activities that fulfil environmental, social and governance (ESG) aims – such as investments in green energy. The Department for Work and Pensions (DWP) has opened a consultation…
ESB acquires battery from Anesco
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ESB has acquired a 7MWh battery storage site from renewables developer Anesco for an undisclosed sum – the Irish utility’s first grid-connected energy storage project in GB. Mill Farm near Grantham, Lincolnshire, comprises six battery storage containers. The project was…
TRIG acquires Solwaybank wind farm
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The Renewables Infrastructure Group (TRIG) has acquired the 30MW Solwaybank wind farm in Dumfries and Galloway, buying it from developer RES. RES began preparing ground for construction in April 2018 and it will continue to operate the 15-turbine project. The Senvion…
Thrive Renewables and Aura Power to site batteries on I&C sites and share revenues
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Thrive Renewables and Aura Power have launched a joint venture that will install and operate batteries for industrial and commercial users free of charge, sharing the revenues. The companies are targeting businesses spending at least £500,000 a year on electricity.…
Community energy a ‘vital influencer’ for a new energy industry with distributed generation and EVs
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The broad energy industry must support the community energy sector if it wants to get public buy-in to dramatic changes in the energy landscape, says Emma Bridges, chief executive of Community Energy England. Talking to New Power Report ahead of…
OPINION: low carbon should be high profile for networks
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Sustainability First director Sharon Darcy argues that the regulatory framework for all energy network companies should include an explicit low carbon incentive, and concludes that a qualitative approach with a quantitative element may be the best option at this point.…
Summit Power says gas plant with CCS can flex to provide grid services
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Summit Power claims its planned gas-fired power station with carbon capture, the Caledonia Clean Energy Project (CCEP) will be able to ramp its power output up and down, and its cost will stack up against other options, according to feasibility studies. Previously,…
Ofgem may set tougher financial tests for suppliers
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Ofgem will consult in late summer on changes to energy supply licences that could mean suppliers have to face more financial tests. Two companies have exited the market this year requiring the ‘Supplier of last resort’ (SOLR) process to be…