Good Energy has put its 47.5MW power generation portfolio up for sale to fund a transition from a renewables utility to an energy services provider. It wants to dispose of the plants, which it said were under-valued at £56.8 million…
News
Security of supply risk means new Irish data centres must meet their own power needs and provide system flexibility
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The Republic of Ireland has avoided setting a moratorium on connecting new data centres to the electricity network, according to a decision from the Commission for Regulation of Utilities (CRU). But each application will be assessed on whether the site…
PayPoint faces £12.5M redress payment after anti-competitive behaviour hit prepayment meter customers
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PayPoint is to pay redress of £12.5 million after Ofgem launched an investigation in August 2017 into whether PayPoint had abused a dominant market position. PayPoint provides services to energy suppliers. It allows prepayment meter customers to top up their…
National Highways to invest £11M in storage at service stations for rapid EV charging
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Government-owned National Highways has announced that it will invest £11 million in 20 energy storage systems for service stations in England where the grid supply is not enough for rapid charging of electric vehicles (EVs). National Highways said it is…
4GW offshore wind farm to supply power for hydrogen and ammonia production in Ireland
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Singapore-based developer Enterprize Energy has signed an agreement to build a 4GW wind farm off the Irish coast and sell the power to a hydrogen facility on land, according to Bloomberg. Enterprize Energy told Bloomberg that rather than a subsidy…
Bulb in Special Adminstration Regime
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BEIS has published information for Bulb’s 1.7 million customers, after the supplier entered the ‘Special Administration Regime’. BEIS describes the ‘Special Administration Regime’ as a ‘long-standing, well-established mechanism’ that applies when a supplier fails and if Ofgem’s primary Supplier of Last…
‘Road map’ planned for 2023 to pull lighter, low-carbon composites into offshore wind designs
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A £5 million, 20-month programme, funded by the Department for Business, Energy and Industrial Strategy (BEIS) through its Net Zero Innovation Portfolio (NZIP), has been announced as the next step in developing manufacturing capability for offshore wind. It will result…
From 20GW undersupply to 30GW oversupply: NGESO’s winter 2035 modelling shows urgent need for new power market design
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By 2035 there will be periods when lack of wind and solar generation is low and electricity supply falls dramatically short of demand. But those times are far outweighed by periods when the GB system has a large excess of…
Whitelee hydrogen project wins £9.4M BEIS funding
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The Green Hydrogen for Scotland Consortium has won £9.4 million funding from the BEIS’s Energy Innovation Portfolio competition to develop a hydrogen production and storage facility. The facility will be sited at Whitelee wind farm, owned by ScottishPower, a member…
Atrato’s £150M fund raising for rooftop solar to be deployed ‘within the year’
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Atrato Onsite Energy has raised £150 million to invest in commercial rooftop solar in the UK. The new renewables investment trust said the initial public offering was oversubscribed ‘multiple times’, and the capital would be deployed within 12 months. Gurpreet…