The Pension Infrastructure Platform (PIP) has closed the first tranche of its Multi-Strategy Infrastructure Fund, having raised £125m. Over the fund’s five-year investment period, it will buy and build a diversified portfolio of 15 to 20 UK infrastructure assets, including renewable energy…
Author Archive for Annabel Andrews
Barn Energy builds Yorkshire’s largest-ever river hydro project on River Calder
by Annabel Andrews • • Comments Off
A new low head hydro project is being built on the River Calder at Kirkthorpe, four miles east of Wakefield in West Yorkshire. Work on the project has started after Wakefield Council granted permission to Kirkthorpe Hydropower Ltd, a subsidiary…
‘No case to investigate’ says Ofgem over E.On/Age UK tariff, but Charity Commission criticises partnership
by Annabel Andrews • • Comments Off
The charity Age UK has been criticised and told to make significant changes by the Charity Commission after an investigation into its controversial relationship with energy supplier E.ON. In February this year the Sun claimed OAPs were being overcharged when they signed…
Carbon Trust launches £7m fund to reduce energy costs for small businesses
by Annabel Andrews • • Comments Off
The Carbon Trust has launched a new fund to enable small businesses across England, Scotland and Wales to replace energy inefficient equipment. The £7m fund is available to SMEs on a first come-first served basis, and will offer energy saving training,…
Government pledges £1.9bn to protect data, systems and networks from cyber attacks
by Annabel Andrews • • Comments Off
The government has announced plans to spend £1.9bn to defend the UK’s data, systems and networks from cyber attacks. In the final report on delivery of its previous five year cyber security strategy (Cyber Security Strategy 2011-2016), the government said…
Green Deal “increased costs without any meaningful benefit”, according to National Audit Office
by Annabel Andrews • • Comments Off
The National Audit Office today concluded that the Department of Energy and Climate Change’s (Decc) Green Deal has not achieved value for money. The scheme, which cost taxpayers £240 million including grants to stimulate demand, has not generated additional energy…
European Commission criticises member states’ capacity mechanisms
by Annabel Andrews • • Comments Off
“Unnecessary and badly designed capacity mechanisms can distort competition, hinder electricity flows across borders and lead to consumers overpaying for electricity,” that’s the verdict of the European Commission’s interim report of its inquiry into electricity capacity mechanisms. The report specifically studied…
DEME to buy 2 per cent stake in Tidal Power Scotland for £2m
by Annabel Andrews • • Comments Off
Belgian offshore construction specialist DEME Group has agreed to buy a 2 per cent stake in Tidal Power Scotland, the Scottish tidal development company owned by Atlantis Resources, for £2m cash consideration. As part of the transaction, Atlantis and the…
Government invites views on extending fuel poverty programme to all energy suppliers
by Annabel Andrews • • Comments Off
The department of energy and climate change is inviting views on whether it should remove the participation threshold for the warm homes discount, which would make all energy suppliers liable for the costs of the scheme to combat fuel poverty.…
Ofgem opens tender pre qualification for Burbo Bank Extension Ofto
by Annabel Andrews • • Comments Off
Ofgem has started the tender process for Offshore Transmission Owner (OFTO) Tender Round Four (TR4). The bidding process will decide who owns the transmission assets of the258MW Burbo Bank Extension wind farm. Burbo Bank Extension offshore wind farm will be 32 8MW…