Regulatory pressure including the RIIO settlements have created a “nervousness in investors” and a new uncertainty and the government “missed an opportunity in the budget to put that right,” according to Lawrence Slade, chief executive of the Global Infrastructure Investment…
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Four Drax gas turbine projects still up for sale – now with £230M in Capacity Market contracts
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Drax says that it is still considering the sale of four 299MW open cycle gas turbine (OCGT) projects at sites in England and Wales, although three of them have provisionally secured 15-year Capacity Market agreements in the T-4 auction. The agreements are…
Ofgem plans to cut electricity distributors’ return on equity by a third from 2023
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Citizens Advice has welcomed an announcment from regulator Ofgem that it would cut allowed returns for electricity distribution network operators (DNOs) by a third in the upcoming price review period, saying “In the face of appeals by other energy networks over…
GE confirms plans to manufacture wind turbine on Teesside
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GE Renewable Energy has confirmed plans for a wind turbine blade manufacturing facility on Teesside for its 13MW Haliade-X turbines. Each turbine blade is 107M long. It will provide 190 turbines for Dogger Bank, the world’s largest offshore wind project, being built by SSE Renewables…
Thrive takes on second battery, aims at wholesale, balancing and capacity markets
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Thrive Renewables has acquired the rights to its second battery storage project. The 20MW battery on Feeder Road in Bristol will offer flexibility, delivering 20-40MWh (one to two hours). Thrive is now working to identify partners for the construction phase which is…
SmartEnergyGB meter claims ‘not misleading’ says ASA
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TV and radio advertisements from SmartEnergyGB that claimed smart meters would help users save energy are not misleading, the Advertising Standards Authority (ASA) has decided. The advertisements said smart meters were “…helping you save on your bills too” and “…her smart meter…
BritNed interconnector expected to be out of action until 22 April; cable fault blamed
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BritNed, a 1GW interconnector linking GB with the Netherlands, is out of action. The cable was said by its owner to have experienced an unplanned outage starting at 6.36 Central European Time on 9 March. The company added, “Current indications…
APPG report call for government: collect Net Zero data and set targets centrally, deliver locally
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The government should collect granular energy data and make it available to local authorities so they can take a leading role in delivering a Net Zero economy, according to a new report from The All-Party Parliamentary Group for Energy Studies (PGES),…
Foresight Solar to enter storage market, plans £100M investment in co-located PV + battery on existing and greenfield sites
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Foresight Solar Fund is to add co-located battery storage to some of its UK operating PV sites and look for new combined sites, in a change of investment strategy. The fund said it had identified “several sites with available land…
Flow battery developer Invinity upscales manufacturing capacity, starts project delivery for 5MWh unit in Oxford
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Long-duration storage developer Invinity says it has doubled stack manufacturing capacity for its vanadium flow batteries at its Bathgate, UK and Vancouver, Canada, sites since December 2020 and plans to double it again by April. In a trading update, it…