Members of an influential parliamentary committee have raised fears over government’s planning for the energy industry after Brexit, raising fears that it could raise prices, damage carbon markets and damage the Single Electricity Market between Northern Ireland and the Republic…
News
Hornsea 1 deal dominates European power transactions in Q3 2018
by Annabel Andrews • • Comments Off
Across Europe, renewables represented 76% of M&A deal value (US$8.1b) and underpinned a weaker-than-expected quarter, with an overall 78% decline in deal value in Europe to US$10.1b. This figure was largely due to the $5.9b sale of 50% of the Hornsea 1…
New AD plant for Iona Capital
by New Power • • Comments Off
Iona Capital has financed the construction and operations of a new 8.8MWt anaerobic digestion plant in Dumfries and Galloway, Scotland. The plant has pre-qualified under the Non-Domestic Renewable Heat Incentive (RHI). The principal feedstock will be waste slurries generated from local…
Storage fundraising below target
by New Power • • Comments Off
Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, reports Solar Power Portal - half its £200 million target. Gore Street Capital raising £30.6 million in May against its target of £100 million. The…
Solar-powered surveillance company completes successful crowdfunding
by New Power • • Comments Off
UK technology company Sunstone, has raised £592,000 from over 450 investors via crowdfunding platform, Crowdcube. Its target was £500,000. Sunstone has developed solar powered products that provide surveillance, wireless networks and satellite communications to sites around the world. Paul Schelhaas, co-founder and…
£6m Green Economy Fund winning projects announced – applications open for next round
by Annabel Andrews • • Comments Off
SP Energy Networks’ £20m Green Economy Fund today awarded funding to thirteen Scottish low-carbon transport and heating projects. The fund, established earlier this year by the electricity network operator, supports the green targets of the Scottish government to boost local…
Planning inspectorate examining bigger transmission line for new nuclear plant at Wylfa
by New Power • • Comments Off
Plans for a new nuclear power plant at Wylfa in Anglesey, Wales, have taken a step forward as the new transmission line for the project has been accepted for examination by National Infrastructure Planning. The planning body has begun registering ‘interested…
Client Earth to challenge Drax Repower project
by New Power • • Comments Off
Client Earth has challenged Drax’s plans to convert two coal-fired power stations to gas and install battery storage at the site, the Guardian reports. Drax argues that building new gas-fired plants will mean it can shut down its two remaining…
Supply chain event planned for Keadby 2
by New Power • • Comments Off
SSE and Siemens have announced a Meet The Buyer forum for potential supply chain opportunities at Keadby 2. The event will be held on 4 December at The Double Tree by Hilton Forest Pines Resort. The two companies officially broke…
National Grid to sell remaining gas distribution stake
by New Power • • 2 Comments
National Grid has announced it will sell its 39% share in Cadent to Quadgas Investments Bidco by the end of June 2019, subject to regulatory approvals. Following the sale, Quadgas will own 100% of Cadent. National Grid said the expected proceeds of…