RWE has started the new year with a new setup in its generation business. “We want to reposition our portfolio effectively in a changing market environment. This is why we decided last year to make our electricity generation companies more…
News
MPs to investigate cyber security of critical infrastructure
by Annabel Andrews • • Comments Off
The Joint Committee on the National Security Strategy (JCNSS) is to launch an inquiry into cyber security with a focus on the UK’s critical infrastructure. In January 2017, the previous Committee launched an inquiry called Cyber Security: UK National Security…
Capacity Market auction targets slimmed
by New Power • • Comments Off
Targets for capacity to be procured in the upcoming Capacity Market auctions have fallen slightly. Capacity to be procured for next winter (in the T-1 auction) has been cut by 1.1GW to 4.9GW. Capacity in the T-4 auction has been…
Gedling Solar Farm generates local honey
by Annabel Andrews • • Comments Off
Foresight Group’s 6MW Gedling Solar Farm in Nottinghamshire has produced honey from hives situated on the farm, managed and collected by The Friends of Gedling Country Park. With a grant provided by Foresight, six beehives were purchased and occupied with…
Upside Energy wins investment for cloud-based flex platform
by New Power • • Comments Off
Legal & General Capital and Systemiq have announced an investment in Upside Energy, a Manchester-based company that has developed a cloud platform that uses advanced algorithms and artificial intelligence to co-ordinate connected devices to deliver flexibility services to the energy system.…
Shell to acquire First Utility
by New Power • • Comments Off
Shell is to buy 100% of First Utility, subject to regulatory and other approvals. The deal is expected to complete in early 2018. Shell said its energy supply, trading and marketing expertise, combined with First Utility’s experience, will enable First…
Ofgem allows Ofto compensation after ‘exceptional’ cable outage at Walney 2
by Annabel Andrews • • Comments Off
Ofgem has granted a claim for compensation for cable failure in the subsea connection to the Walney 2 offshore wind farm. The regulator decided that the failure at Walney 2 from 14 December 2015 to 19 March 2016 was an ‘exceptional event’…
Nord Pool seeks GB flex providers to help develop flexibility market platform
by New Power • • Comments Off
Power exchange Nord Pool has joined with Norwegian energy company Agder Energi to jointly develop a new marketplace capable of exploiting decentralised flexibility. Now Nord Pool says it has “ambitions to have a pilot in the GB as soon as…
Greencoat buys Dromadda More wind farm, looks for more acquisitions
by New Power • • Comments Off
Greencoat Renewables has agreed to acquire the 36MW Dromadda More wind farm in County Kerry from Impax. The 11-turbine wind farm is currently being energised and is expected to be commissioned in March 2018, at which point the acquisition will…
European utilities write-off €23b from assets, despite fall in impairments
by Annabel Andrews • • Comments Off
New EY research finds that 2016 saw a significant fall in asset impairments reported by European utilities. But according to the report, at €23b it was larger than might have been anticipated given a recovery in energy commodity prices, and…