Water and wastewater company Pennon, which serves the south west, says it has identified renewable energy generation investment opportunities of around £60 million over the period to 2030. It said it is considering reinvesting totex outperformance in these “commercially compelling…

Read more →

The Environmental Audit Committee (EAC) has opened an inquiry into carbon border adjustment mechanisms (CBAMs) – border import taxes on products based on their carbon footprints, aimed at ensuring that importers of energy-intensive goods bear the same costs for their…

Read more →

Greencoat UK Wind is to acquire Andershaw wind farm from Statkraft UK for of £121M (including cash and working capital). Andershaw is a 35MW wind farm sited 2 miles south of Douglas in South Lanarkshire that comprises 11 Vestas V117…

Read more →

JDR Cables has announced plans to open a new subsea cable manufacturing facility near Blyth, Northumberland. The 69,000 sqm facility will occupy the site of a former coal-fired power station. Subject to final agreements, construction is expected to begin in…

Read more →

Industry settlements company Elexon is looking for early feedback on a digitalised version of the Balancing and Settlement Code. The code details the requirements that have to be met by most companies who want to take part in the energy…

Read more →

Both firms and banks “clearly benefit from adopting green policies early on to foster the transition to a zero-carbon economy,” according to the European Central Bank (ECB), which has published results of an economy-wide climate stress test. The exercise tested…

Read more →

Two more energy companies – Avro Energy, with around 580,000 domestic customers, and Green Supplier Limited (‘Green’), with around 255,000 domestic customers – have ceased to trade. Together the suppliers represent a share of 2.9% of domestic customers. The news…

Read more →

Ofgem has issued five suppliers – Colorado Energy, Igloo Energy Supply Limited, Neon Reef Limited, Whoop Energy Limited and Symbio Energy – with provisional orders, compelling them to pay around £765,000 in total for a government environmental scheme. Colorado Energy…

Read more →

Avro Energy and Delta Gas and Power have been added to the list of power companies set to be expelled from the Balancing and Settlement Code. Both are in default of obligations over credit cover and for both, the BSC…

Read more →

A new renewable power business, Renewco Power, has been launched with backing of £24 million from SSE plc via Corran Capital. It aims to develop large-scale solar and wind farms across the UK and Europe. The Edinburgh-based company is targeting…

Read more →