Motor Fuel Group has announced it will invest £400 million over the next decade to install 2,800 Ultra-Rapid 150kW EV chargers across 500 sites. It will target 40 sites in 2021 that will have over 200 chargers. The initial focus will be…
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UK’s Nest pension fund joins forces with Octopus Renewables, plans to invest £250M in 2021
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Nest, the investor that manages £16 billion in pensions for nearly a third of the UK’s workforce, is to partner with Octopus Renewables to commit around £250 million to renewables projects in the UK and Europe in 2021. Nest said…
Act by 26 March: ports seek clean flexible power sources for the ship to shore connection
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A competition for solutions to the supply of flexible clean power to ships and other port users closes on 26 March. Currently ships in berth receive power from onshore facilities and port owners have to managing energy being delivered to the…
Legal and General to begin work on ‘operationally net zero’ retirement community
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Legal & General has started work on building a ‘Net Zero’ retirement community. The new community, Millfield Green, in Caddington, central Bedfordshire, and will eventually have 200 specialist age-appropriate homes. It will use renewable energy generation through on-site photovoltaics, EV-charging,…
Global investor chief Lawrence Slade says UK needs a delivery plan to unlock green infrastructure funding, warns cash set to go elsewhere
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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…
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…