E.On, Shell and and Schlumberger have invested £5m in British start up Kite Power Systems (KPS), which makes high-altitude wind power generation technology. This latest investment will support the company’s plans to deploy a 500 kilowatt power system at West Freugh in…

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Lightsource Renewable Energy wants to invest up to £600 million over the next five years in buying solar assets from households and businesses, to diversify its revenue streams. The company said it would offer owners of residential and commercial rooftop…

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Britain’s manufacturers have called on the government to make a series of reforms, including re-instating the annual energy statement, as part of its commitment to an industrial strategy, amidst new survey evidence showing a lack of confidence in the future security…

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Ofgem has agreed a redress package with Ovo Energy rather than take enforcement action over poor service. The supplier’s agents missed appointments with customers, or turned up late, and then failed to compensate them as required by Ofgem. The failings…

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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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