Will energy customers take control of the industry in future? The British Institute of Energy Economics (BIEE) is looking at the role of customers in the energy sector in a forthcoming conference and it wants contributions from a wide range…
Author Archive for New Power
Capacity Market auction targets slimmed
by New Power • • Comments Off
Targets for capacity to be procured in the upcoming Capacity Market auctions have fallen slightly. Capacity to be procured for next winter (in the T-1 auction) has been cut by 1.1GW to 4.9GW. Capacity in the T-4 auction has been…
Upside Energy wins investment for cloud-based flex platform
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Legal & General Capital and Systemiq have announced an investment in Upside Energy, a Manchester-based company that has developed a cloud platform that uses advanced algorithms and artificial intelligence to co-ordinate connected devices to deliver flexibility services to the energy system.…
Shell to acquire First Utility
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Shell is to buy 100% of First Utility, subject to regulatory and other approvals. The deal is expected to complete in early 2018. Shell said its energy supply, trading and marketing expertise, combined with First Utility’s experience, will enable First…
Nord Pool seeks GB flex providers to help develop flexibility market platform
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Power exchange Nord Pool has joined with Norwegian energy company Agder Energi to jointly develop a new marketplace capable of exploiting decentralised flexibility. Now Nord Pool says it has “ambitions to have a pilot in the GB as soon as…
Greencoat buys Dromadda More wind farm, looks for more acquisitions
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Greencoat Renewables has agreed to acquire the 36MW Dromadda More wind farm in County Kerry from Impax. The 11-turbine wind farm is currently being energised and is expected to be commissioned in March 2018, at which point the acquisition will…
Solar fund acquires two new plants
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Next Energy Solar Fund has acquired two operating solar plants with a total installed capacity of 8.6MWp. They are Gilley’s Dam (5.0MWp, Cornwall) and Pickhill Bridge (3.6MWp, Wrexham). Gilley’s Dam was connected to the grid during March 2016 and receives…
BP and Lightsource to partner in £200 million deal to drive solar development worldwide
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BP is to invest £200 million in solar developer Lightsource over there years. It will acquire 43% of the company over that time, the company will be renamed Lightsource BP and BP will have two seats on the board of…
Design for new nuclear plant for Wylfa gets green light from regulator
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The UK Advanced Boiling Water Reactor (UK ABWR), designed by Hitachi-GE, is suitable for construction in the UK, the Office for Nuclear Regulation has concluded. Horizon is planning to build and operate two of the ABWRs, which will together provide…
Atlantis acquires Uskmouth plant, plans more expansion
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Simec Energy is to sell its Uskmouth power plant in Newport, South Wales, to Atlantis Resources. Completion is expected in Q1 2018. Atlantis wants to “build a diversified renewable energy company of scale”. It plans to convert the 220MW Uskmouth plant to…