Author Archive for New Power

SSE sells street lighting PFIs

SSE has sold its interest in three public financing initiative (PFI) street lighting entities to a DIF Infrastructure fund. The sale is expected to make £130 million and will conclude SSE’s two-year £1.1 billion programme to reduce debt and raise…

France’s nuclear bailout faces Commission probe

The European Commission has opened an in-depth investigation to determine whether France broke State Aid rules when it brokered a €4 billion bailout for Areva, the company due to supply the reactor for EDF’s Hinkley Point C project. Areva is…

Further delay to Moorside nuclear plant licence

The target date for licensing  the design for the Moorside new nuclear plant has been delayed a second time, to March 2017, and the schedule “remains challenging”, the Office for Nuclear Regulation (ONR) said in a regular licensing update. The…