News

Preferred bidder for Beatrice Ofto named

Transmission Capital Partners (a consortium of Transmission Capital Partners Limited Partnership and infrastructure investors International Public Partnerships Limited) has been named preferred bidder to own and operate the connection to the Beatrice offshore wind farm, under an Offshore Transmission Owner…

Longannet site moves on from coal

Plans to regenerate Longannet, site of Scotland’s last coal-fired power station, have been given the go ahead. Fife Council approved proposals for the land put forward by Scottish Enterprise, the national economic development agency. The planning application, for business and industrial…

Breeze Energy ceases trading

Breeze Energy, a gas and electricity supplier with just under 18,000 domestic customers is ceasing to trade. Customers will be transferred under the regulator’s ‘Supplier of last resort’ process to another supplier yet to be appointed.  Philippa Pickford, Ofgem’s director…

VPI/Low Carbon JV sells storage projects

VLC Energy has sold two operational battery storage facilities totalling 50MW to Gresham House Energy Storage Fund for £29.2 million. VLC Energy is a joint venture between Low Carbon and VPI Immingham (a subsidiary of Vitol Group). The facilities comprise a 40MW facility at…

Ovo Energy’s SSE acquisition gets CMA green light

The Competition and Markets Authority has cleared Ovo Energy’s £500 million acquisition of SSE SSE Energy Services. The acquisition, which includes energy and home services customers, will  make Ovo the UK’s second largest energy supplier. CMA was required to consider whether it ”may…

Japanese buy-in to boost Igloo Energy

Osaka Gas has taken a minority stake in new energy supplier Igloo Energy, with a strategic investment of up to £20 million  in the company. Igloo said the investment will accelerate growth. It will also fast-track the development of Igloo’s  home services…