The Atomic Weapons Establishment (AWE) is aiming to invest in two large solar PV farms on its sites. AWE – the organisation that designs, manufactures and decommissions the UK’s nuclear warheads – wants to source two 25-year direct-wire power purchase…
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NextEnergy Solar Fund to sell PV farms to strengthen balance sheet and invest in storage
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NextEnergy Solar Fund has announced plans to sell a 236MW portfolio of subsidy-free UK solar assets, the proceeds, saying it wants to “capture significant value” from the sale to be used to invest in “higher returning investment opportunities … such…
Downing pays £12.6M to acquire 13MW of operational PV
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Downing Renewables & Infrastructure Trust (DORE) has acquired a 13MW portfolio of operational solar PV assets located for £12.6 million. DORE said it has now deployed substantially all of its remaining cash and expects to draw on its £40 million…
Drax pauses ‘biomass with CCS’ project, returns £150 million to shareholders
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Drax Power has halted investment in a project to fit carbon capture and storage (CCS) to units burning biomass at its Yorkshire powersite and instead said in a trading update that it will return £150 million to shareholders. The decision…
Green hydrogen starts to find use cases within new energy technologies
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Two applications could see green hydrogen used to supply the raw materials for new energy industry technologies. The UK’s AMTE Power, which develops and manufactures of lithium-ion and sodium-ion battery cells has signed a memorandum of understanding with CalPac Resources,…
EU opens joint gas buying scheme as fears are raised over supplies for coming winter
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Meanwhile consultant McKinsey has warned that the EU has to reduce gas demand significantly if it is to manage the upcoming winter without Russian gas supplies. McKinsey says Europe needs to reduce its gas demand by 55bcm. In a new…
‘Lionlink’ multi-purpose interconnector to link GB, Netherlands and offshore wind farms
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National Grid Ventures and TenneT, the grid company serving the Netherlands and parts of Germany, have announced plans for a multi-purpose interconnector that will serve offshore wind farms while it connects the UK and the Netherlands. The Department for Business,…
Thames Water to boost biogas production
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Thames Water is planning to increase more than ten-fold the amount of biogas it produces. Typically water companies produce biogas from organic waste and use it to provide the heat needed during waste water treatment and other processes. Thames Water…
Summer 2023: record low electricity demand expected and less gas required for transit and power generation
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System Operator NGESO said this summer it does not expect to call on Optional Downward Flexibility Management (ODFM), a service used in 2020 and 2021 to manage periods of low demand, while technical problems with the French nuclear fleet may…
Heavy goods vehicle operators call for government strategy and support to decarbonise
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The heavy goods vehicle (HGV) sector says lack of infrastructure makes it impossible for operators to contemplate investments to decarbonise their fleets, putting critical CO2 emission savings of up to 21.1 Mt a year at risk. The industry has called…