Tenaga Wind Ventures UK has refinanced its 80% interest in GVO Wind and Bluemerang Capital, two onshore wind companies acquired on 28 February. The company, a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad, opened a £120 million refinancing facility with Bayerische…
News
Siemens to construct Stockton peaking plant
by New Power • • Comments Off
Siemens is to design and build a decentralised gas peaking plant in Stockton on Tees for Hartree Partners, comprising six SGE86-EM 2MW containers. The peaking plant at use Siemens’ E-series engines designed for gas peaking plants, industrial power generation and…
SPEN relaxes restrictions on Scottish PV installers
by New Power • • Comments Off
It will be easier for solar PV installations up to 200kW to connect in Scotland because Scottish Power Energy Networks (SPEN), the distribution network operator (DNO) has agreed to relax restrictions. STA Scotland provided SPEN with evidence on the modest network impact…
Origami Energy attracts £18 million in new funding
by New Power • • Comments Off
Origami Energy, whose technology platform helps companies manage and offer flexibility in energy markets, has raised £18.6 million in new funding. Current investors who participated in this funding round include Octopus Ventures, Cambridge Innovation Capital and Fred Olsen-related companies. The funds will…
New funding raised for Islandmagee gas storage project
by New Power • • Comments Off
InfraStrata, the gas storage developer working on a project at Islandmagee in Northern Ireland, has announced it now has working capital to the end of 2018 after competing new fundraising. A share offering through broker SI Capital Limited has raised £925,000.…
Scottish Enterprise awards R&D grant to Aggreko
by New Power • • Comments Off
Scottish Enterprise has awarded Aggreko UK a £1.5 million research and development (R&D) grant for three projects, which will see the company invest £33 million in its Dumbarton facility and create 23 new jobs. The three projects being supported by…
SSE Airtricity takes stake in PV installer
by New Power • • Comments Off
SSE Airtricity is to acquire 40% of Activ8 Solar Energies, a supplier of rooftop solar systems to home and business customers. The acquisition is subject to approval by the Competition and Consumer Protection Commission. Under the terms of the agreement SSE…
ITM Power supplies hydrogen refuelling station at M40 services
by Annabel Andrews • • Comments Off
ITM Power and Shell have installed a new hydrogen refuelling station at Shell Beaconsfield in Buckinghamshire. Shell Beaconsfield on the M40 will be the first site in the UK to bring hydrogen under the same canopy as petrol and diesel. The…
TotoEnergy passes prepayment customers to Utilita Energy
by New Power • • 1 Comment
Utilita is to acquire 16,000 prepayment customers from small supplier Toto Energy. The customers will be transferred on 10 April and Utilita has promised to honour customers’ current tariffs – including unit rate and standing charge – until at least 30…
Mitsubishi picks up a third of Moray East wind farm
by New Power • • Comments Off
Mitsubishi has announced it will acquire 33.4% of shares in Moray Offshore Windfarm (East) Limited, through its wholly owned UK-based subsidiary Diamond Generating Europe (DGE), with EDP Renewables, a renewable energy company from Spain. Moray East is due to begin…