Ofgem wants answers from electricity system operator (SO) National Grid on why it spent over three times its budget to procure additional contracts with suppliers of a specialist network service – Black Start – for 2016/17. The SO wants to…
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Two weeks to apply for Good Energy’s £3.1 million share offering
by New Power • • Comments Off
Good Energy wants to raise £3.1 million in new funding and has launched a share offering. Shares will cost £2.08 each, with a minimum application value of £520. The company said it “anticipates most applications from existing customers, bondholders and…
Accelerate coal phase out, government told
by Annabel Andrews • • Comments Off
Phasing out coal will not undermine the security of the UK’s energy supply and could be achieved two years ahead of schedule, according to a new report from think tank Bright Blue. In its report, Keeping the lights on: security of…
Gaelectric announces financial close on 51MW of wind farms
by New Power • • Comments Off
Gaelectric, the renewable energy and energy storage group, has reached financial close on five wind farms in Northern Ireland. Debt of £67million, arranged through German bank, Nord/LB on an 18-year term, will be a major component of the total £74…
ABDA criticises government for lack of ambition on anaerobic digestion
by Annabel Andrews • • Comments Off
The government’s latest review of support for Anaerobic Digestion (AD) and micro-CHP will make it “even harder to deploy viable AD plants”, according to the industry body, the Anaerobic Digestion and Bioresources Association (ABDA). The consultation is seeking input on the…
Moody’s assigns highest green investment grade to Tennet green bonds
by Annabel Andrews • • Comments Off
Ratings agency Moody’s has assigned it’s highest grade (GB1) to latest green bond offering from Tennet, the Dutch state-owned electricity transmission system operator. The bonds, called Green Medium Term Notes will be offered as part of Tennet’s Euro Medium Term Note Programme and…
Anesco Community Energy buys two solar farms
by Annabel Andrews • • Comments Off
Anesco Community Energy has purchased another two solar farms near Stratford-upon-Avon, bringing the company’s generation capacity to 19MW, including 4MWh of battery storage. It has agreed the purchase of the sites, named Willows and Poplars, from Anesco Ltd. The purchase…
40MW straw-fired biomass plant goes live in Lincolnshire
by Annabel Andrews • • Comments Off
The 40MW Brigg Renewable Energy Plant 40MW straw-fired biomass plant has officially opened in Lincolnshire, making it the largest dedicated straw fired biomass plant in the UK. The plant is owned by BWSC North Lincs Ltd (BNLL), a joint venture…
Tidal lagoons: call for evidence open until 31 July
by New Power • • Comments Off
Former energy minister Charles Hendry has published a call for evidence on feasibility and practicality of tidal lagoons in the UK. The government announced that the review would report in the autumn and the call for evidence closes on 31…
Dong sets IPO price range and date
by Annabel Andrews • • Comments Off
Danish utility and offshore wind developer Dong Energy has published more details about its intended initial public offering (IPO) on Nasdaq Copenhagen, including a nindicative price range has been set at DKK 200 to DKK 255 per share. This proposed float price…