InstaVolt is rolling out rapid electric vehicle charging points to Bannatyne health clubs across the UK. The installation of more than 70 chargers is underway, with 56 already live, and the Bannatyne Group says more are likely to follow as EV sales…
News
Storage IPO aims to raise £100 million
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Storage-only fund Gore Street Capital has announced plans for an initial public offering, hoping to raise £100 million to invest in storage projects. It plans to use storage assets to ‘stack’ a number of different income streams with different counterparties,…
EUSkills warning: diverging policies may limit skilled staff movement within the UK
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Skills policies across the UK are fracturing, and “now pull in opposite directions across the four nations” according to a new report from Energy and Utility Skills. The group wants to convene a ‘Four Nations Advisory Group’ to develop equivalence, comparability and…
E.On to acquire Innogy in €20 billion acquisition and restructuring
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E.On in Germany has reached an agreement in principle to acquire RWE’s 76.8% stake in Innogy. In return, RWE will gain a 16.67% share in E.On. The complex deal, in which E.On will offer €36.76 per share plus dividends of €3.24…
Ofgem promises to get tough on networks as it consults on changes to price review framework
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Ofgem has “learned some valuable lessons” in the first RIIO-determined price control periods, it has admitted, as it opened a consultation on toughening up the regime for its next application from 2021. The RIIO methodology for setting prices was intended…
Central European clocks run slow under persistent frequency deviation
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UPDATE: On 8 March Entso-e reported that the deviations had ceased, but added: “This is a first step in the resolution of the issue. The second step is now to develop a plan for returning the missing energy to the…
Smart meter re-installs rise so switching customers can retain smart functions
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A small but growing number of smart meter installs are being done to replace recently-installed smart meters, rather than substituting for dumb ‘legacy’ meters, it has emerged. The issue is so-called ‘Smets 1′ meters, which cannot always continue to operate…
3i taps more methane: cash injection for Infinis to acquire Alkane
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3i Infrastructure has announced plans to invest an additional £125 million in Infinis so it can acquire Alkane Energy. Infinis is the largest generator of electricity from landfill gas in the UK, in which 3i Infrastructure invested in December 2016.…
Work starts at Achlachan wind farm
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Construction has begun on the Achlachan wind farm, one of 15 onshore wind projects to secure a Contract of Difference in 2015. The 10MW, five turbine project is scheduled to be commissioned in early January 2019. Developer Whirlwind Renewables signed a 15-year power purchase…
Mynydd y Gwynt refusal upheld
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The Appeal Court has upheld a High Court judge’s decision that the secretary of state could refuse to grant a Development Consent Order for the Mynydd y Gwynt wind farm because the developer provided insufficient information to approve it. The…