Smart Energy Europe has raised an alarm over proposed changes in the proposed design of the EU’s Internal Energy Market that would allow transmission system operators (TSO) to own and operate storage and provide more ancillary services themselves. The group…
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Simec acquires Green Highland Renewables
by New Power • • Comments Off
Ancala Partners has sold its hydro power business, Green Highland Renewables to Simec, the energy arm of the global energy, metals and industrials group, the GFG Alliance. The transaction is unconditional and is scheduled to complete before the end of…
MPs call on CMA to probe SSE/Npower retail merger
by New Power • • Comments Off
MPs on the Select Committee on Business, Energy and Industrial Strategy (BEIS) have called on the Competition and Markets Authority (CMA) to scrutinise the proposed merger between SSE and Npower’s retail arms. The committee wants the CMA to carry out a…
Batteries will be derated in Capacity Market auction, BEIS confirms
by New Power • • Comments Off
The government is to go ahead with plans to derate electricity storage facilities that provide power for less than four hours: the change will apply in the forthcoming Capacity Market auctions for 2021/22 and 2018/19. Some 6GW of storage has…
Electron warns: Ofgem’s CSS procurement is closing off innovation
by New Power • • Comments Off
Blockchain energy systems developer Electron has warned Ofgem that its approach to procuring a Central Switching Service (CSS) is short sighted. In an open letter, the company warned that Ofgem’s approach is “limited in scope”, would perpetuate longstanding industry issues…
Good Energy to install battery at Eden Project
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Good Energy has announced its first battery service solution – a new direction for the green energy company – at the Eden Project in Cornwall. Eden’s new battery, due to be installed in summer 2018, will have five 50kW ‘fridge-sized’…
Environmental Audit Committee to investigate green finance
by Annabel Andrews • • Comments Off
The Environmental Audit Committee has launched a Green Finance inquiry to scrutinise the government’s plan to develop “world leading green finance capabilities”. The government’s Clean Growth Strategy sets out how more than £2.5bn will be invested by the government to…
Rampion offshore wind farm generates first power
by Annabel Andrews • • Comments Off
The first fully commissioned turbine at offshore wind farm Rampion has started generating electricity. The installation of the turbines began in March 2017 and was completed ahead of schedule in September. The 400MW Rampion project is located 13 kilometres off…
Greencoat picks up more solar projects
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BayWa r.e. has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital. The portfolio includes includes six solar farms spread across England and Wales totalling 30MW, and the 45MW Bann Road solar…
SGN to return £145m “unjustified profits” to customers
by Annabel Andrews • • 1 Comment
Scotia Gas Networks (SGN) has announced that it will voluntarily return £145m to customers after identifying excess profits from the most recent price control. Under Ofgem’s price control sharing mechanism this will result in £84 million being returned to customers. The…