The Hinkley Point C is not an economically attractive project for its investors, chancellor Philip Hammond suggested. In evidence to the Lords Economic Affairs Committee on Tuesday he said the deal had clearly been agreed, by French and Chinese nuclear…
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Smartest Energy launches managed PPA for renewable generators looking for more return
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SmartestEnergy is launching a trigger-based managed power purchase agreement (PPA), that will allow generators to take advantage of a rising market and protects them when prices fall. With a so-called ManagedPPA, SmartestEnergy traders will monitor the market on behalf of…
Centrica to offer ‘one stop’ energy shop for business customers
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Centrica’s Distributed Energy and Power business has launched a ‘one stop shop’ for non-domestic customers. It aims to offer a single cloud-based portal that will give businesses visibility and control of their energy estate, including proprietary products from Centrica and…
Survey reveals major opportunities for demand side response
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Three quarters of UK firms are open to providing demand-side response (DSR), according to an annual survey of 180 public and private sector organisations by The Energyst. The majority (66%) of those surveyed in Demand Side Response: Shifting the Balance…
GFG announces plans for wind farm dedicated to supply industrial businesses
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The GFG Alliance has announced plans for a 178MW wind farm to be developed by related company Simec Energy. The 54-turbine £170 million investment at Glenshero in the Highlands will provide power for industrial schemes such as the GFG Alliance’s…
Logistics group Stobart will seek refunds from delayed biomass plant
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Stobart Group will be seeking to recover costs from delayed biomass-fuelled power plants that have required less fuel than expected, it said in a trading update. The logistics group said it had developed a renewable energy fuel supply chain to…
Electricity networks under fire over ‘excess profits’
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The UK’s large electricity networks return a third of their revenue as profit, claims the Energy and Climate Intelligence Unit (ECIU), and cumulatively at least half – over £5 billion – has been paid in dividends to the companies’ overseas…
Dutch funding drives mass PV installation on UK social housing
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Maas Capital (part of the ABN AMRO Bank) is to invest £160 million to fund the installation of solar panels from Solarplicity on affordable housing in England and Wales. Solarplicity will partner with social housing providers to install panels on…
Battery to add stability to Burbo Bank offshore wind farm
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Dong Energy is to install a 2MW battery at its Burbo Bank offshore windfarm near Liverpool.The battery will be supplied by ABB. The 90 MW Burbo Bank offshore wind farm has been in operation since 2007. The battery will help…
Geothermal heating project planned for Kilmarnock development
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The Scottish Government is to provide £1.8 million from the Low Carbon Infrastructure Transition Programme to fund a new geothermal heating system for new homes at the former Johnnie Walker bottling plant in Kilmarnock. The homes are part of a three-phase…