The Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The consortium is made up of UK and international institutional investors, including International Public Partnerships Limited, Allianz Capital Partners, Dalmore Capital Limited, Macquarie Infrastructure…

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British Gas Business will pay £4.5 million redress to the Carbon Trust because it missed its deadline to supply some larger business customers through advanced electricity meters by April 2014. The company has also agreed to increased monitoring of its progress on…

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Gaelectric has agreed to sell 230MW of wind energy assets on the island of Ireland to CGNEE Holdings, the renewable energy investment arm of China General Nuclear Power Group (CGN). The sale includes 10 operating wind farms totalling 184MW, and…

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Drax today announced plans to buy Opus Energy together with four Open Cycle Gas Turbine (OCGT) development projects. The announcement came in a trading update that also said Drax expects full year earnings before interest, tax, depreciation and amortisation (EBITDA)…

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Two existing UK combined cycle gas-fired power stations are to be upgraded. The plants at Enfield (400MW) and Grain (1200MW) are owned by Uniper, the company formed to hold E.On’s traditional generating assets. The upgrade will add around 4% to…

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Centrica is to run a £19m programme in Cornwall to trial a local energy market. The project will test the use of flexible demand, generation and storage, and reward local people and businesses for being more flexible with their energy. Over the…

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New generation connecting to the distribution network in WPD’s service areas could avoid a charging lottery over the cost of upgrading the network, if the regulator Ofgem agrees to a trial. Instead, costs may be shared out pro-rata between a…

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Six new projects have been allowed funding through Ofgem’s Network Innovation Competition (NIC), including testing how ‘greener’ gas can be used on a university’s gas grid in Staffordshire, and examining how advanced software can help make more efficient use of locally-connected…

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A plan to create an energy park at the former Glenmuckloch open cast coal mine in Dumfries and Galloway took a significant step forward today when the Scottish government gave consent for a pumped storage hydro scheme of up to 400MW…

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The Northern Energy Taskforce is seeking views on how to develop the low carbon energy sector in the north of England.   The energy sector in the north generates £3.644 billion in GVA and supports around 28,000 jobs, with a…

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