The UK is becoming a less attractive destination for infrastructure investor funding, according to a regular survey published by the Global Infrastructure Investor Association (GIIA). The GIIA’s regular ‘Pulse’ survey said investment was becoming more difficult, with its investor members…
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Three energy suppliers pay late compensation totalling £8M
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Three energy suppliers have made compensation payments and additional redress totalling over £8 milllion after they missed or unduly delayed Guaranteed Standards of Performance compensation payments due to consumers worth £6,305,925. Over 100,000 customers were affected by these issues at…
£70M investment in Kensa ground source heat systems could kick off new asset class
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Octopus Energy’s generation arm and Legal & General Capital are to invest £70 million in the Kensa Group. The investment will allow Kensa, which manufactures and installs ground source heat pumps, to rapidly expand and install 50,000 ground source heat…
ASA to crack down on misleading green claims
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ASA, the advertising standards body, has announced plans to crack down on ‘green’ claims made in adverts that do not stack up. In its annual report the body said “as the UK and other countries set ambitious targets to address…
Low Carbon wins £310M funding boost
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Low Carbon has increased its existing solar PV construction facility by an additional £310 million with funding from ABN AMRO, ING, the Commonwealth Bank of Australia and Intesa Sanpaolo (IMI CIB Division. The finance facility announced today takes the total…
New grid connection turns Oxford depot over to electric buses
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EDF Renewables UK and Oxford Bus Company, part of The Go-Ahead Group, have signed an agreement for the provision of an 8MW connection to Cowley bus depot, enabling the introduction of an electric fleet of buses for Oxford. With co-funding…
Seven low carbon heat projects win grant funding
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Seven low carbon heat networks have secured grants from the Green Heat Network Fund (GHNF). Fund administrators Triple Point Heat Networks Investment Management said the projects have secured a £91 million share of the fund. Each of the networks have…
Construction to start this month on 150MW battery at Ferrybridge
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SSE Renewables has taken a final investment decision to build a 150MW battery at the site of SSE’s former Ferrybridge coal-fired power station in West Yorkshire, England. Contracts have been signed and means construction will begin this month. With a…
TagEnergy celebrates energisation of second UK battery
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TagEnergy has energised its second UK battery. The £30 millon, 49.5MW/99MWh battery, at Chapel Farm near Luton, is a joint venture between TagEnergy and Yorkshire-headquartered Harmony Energy. TagEnergy acquired a 60% stake in the project in November 2021 and it…
Successful tests point to County Durham as a potential lithium source for batteries
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County Durham could be a domestic source of a key metal for new energy technologies after Weardale Lithium successfully extracted lithium from geothermal brines in the region. following the completion of laboratory scale Direct Lithium Extraction (‘DLE’) test-work with multiple…