News

Cadent acquisition drops gas network credit quality

Ratings agency Moody’s regards the new parent company of Cadent, which has acquired National Grid’s gas distribution networks, as “weak investment grade”, it said, announcing a ratings downgrade from A3 to Baa1 for Cadent. Moody’s noted the very low business…

Guernsey investigates offshore wind

A preliminary feasibility study has concluded that offshore wind technology could be viable in several locations off Guernsey’s coast. The study, by Xodus Group, was  funded jointly by the States of Guernsey and Guernsey Electricity. It found that developing a…