Tenaga Wind Ventures UK has refinanced its 80% interest in GVO Wind and Bluemerang Capital, two onshore wind companies acquired on 28 February. The company, a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad, opened a £120 million refinancing facility with Bayerische…
Author Archive for New Power
Siemens to construct Stockton peaking plant
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Siemens is to design and build a decentralised gas peaking plant in Stockton on Tees for Hartree Partners, comprising six SGE86-EM 2MW containers. The peaking plant at use Siemens’ E-series engines designed for gas peaking plants, industrial power generation and…
OPINION: Airport example shows there are still big wins in solar PV
by New Power • • 1 Comment
Michael Watson, chairman of Pager Power, argues that the UK is missing some big wins on solar PV. Airports are a good example UK airports have huge amounts of land, most of which is grass. Most airport operators could install enough…
SPEN relaxes restrictions on Scottish PV installers
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It will be easier for solar PV installations up to 200kW to connect in Scotland because Scottish Power Energy Networks (SPEN), the distribution network operator (DNO) has agreed to relax restrictions. STA Scotland provided SPEN with evidence on the modest network impact…
Origami Energy attracts £18 million in new funding
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Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets, has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…
New funding raised for Islandmagee gas storage project
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InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…
Scottish Enterprise awards R&D grant to Aggreko
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Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…
SSE Airtricity takes stake in PV installer
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SSE Airtricity is to acquire 40% of Activ8 Solar Energies, a supplier of rooftop solar systems to home and business customers. The acquisition is subject to approval by the Competition and Consumer Protection Commission. Under the terms of the agreement SSE…
Women in power: abstracts from interviews published in New Power Report
by New Power • • 1 Comment
Pamela Taylor, Partner, Innovation Link, Ofgem Pamela Taylor is at Ofgem’s “grid edge”. She runs the regulator’s Innovation Link, a service for innovators that gives them feedback on energy and power ideas. It also gives them space to pilot projects in…
Get ready for the rollercoaster
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New Power’s April issue takes a look at some of the investor money moving into the energy industry. It throws up some interesting structural changes and some clear trends for the future. The message? Hold on tight, things are going…