News

HS1 planning renewables CPPAs for its power needs

Train operator High Speed 1 is planning to use sleeved trades from renewables corporate power purchase agreements for the majority of its baseload power. The company is now procuring an electricity supply contract for the five years from 1 April…

Foresight to dispose of 200MW of solar PV portfolio

Foresight Solar has begun a divestment programme for around 200MWp of solar PV projects. Proceeds from the sale will be used to reduce debt and recycle capital into yield-accretive opportunities. Commenting on the company’s results, Alexander Ohlsson, Chairman of Foresight…

Government low-carbon grants support hydrogen supply and use cases

The government has awarded grants totalling £46 million to 26 businesses in three government competitions: the Industrial Hydrogen Accelerator Competition, the Red Diesel Replacement Competition, and the Industrial Energy Transformation Fund. The Industrial Hydrogen Accelerator Competition resulted in two awards.…

Veolia opens new solar farm on Essex landfill site

Veolia has begun operations at a 59MW solar array on a restored landfill area. The site at Ockendon, in Essex, has been developed with technology provider REG Power Management. This additional renewable capacity adds to Veolia’s existing solar energy facilities…

Contracts for Difference AR5: the industry responds

Ben Backwell, chief executive, Global Wind Energy Council: “The UK government didn’t listen to repeated industry warnings about inflationary pressures and increased capital costs so it is no surprise that the auction has been a failure. “This is a huge…