News

Teesside biomass plant reaches financial close

Macquarie Capital and Macquarie Commodities and Financial Markets have reached financial close on £900 million of funding for a 299MW biomass-fuelled combined heat and power plant on Teesside. Developed by MGT Power, Tees REP is claimed to be the world’s…

New 2.3GW OFTO tender round to open 10 October

Ofgem gave notice today that a new competitive offshore transmission licence tender round will start on 10 October 2016. The bidding process – known as Offshore Transmission Owner (OFTO) Tender Round Five (TR5) – will decide who owns the transmission assets of the following projects: Dudgeon…