New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…

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Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…

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BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm,  in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising  eight 2.35 MW…

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Britain risks creating a two-tier energy system, where some regions benefit from the latest technology, and others are left behind with the higher costs, environmental and health problems that come from burning legacy fossil fuels, according to a new report…

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Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…

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More than two thirds (69%) of energy managers are not aware of energy management strategies like demand side response (DSR), according to new research commissioned by npower Business Solutions. Npower said curbing energy use and reducing energy consumption to outside peak hours…

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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market  passes State Aid tests. The ruling follows a legal challenge submitted by demand response specialists Tempus Energy, which claimed the Capacity Market allows fossil fuels to…

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Energy supplier Spark Energy is in talks over a merger after it missed a Renewables Obligation payment of £14.4 million, due by 31 October. Chief executive Chris Gauld, who led a management buyout of the company in 2016, told the…

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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…

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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…

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