The £2.4 billion NeuConnect interconnector – the first direct link between the UK and German energy markets – has reached financial close, paving the way for work to start later this year. Led by global investors Meridiam (France), Allianz (Germany)…

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Statkraft has seen a rise in the value of its stored water, as the Norwegian company reserves supplies to feed its hydro power plants during the company winter. In a market update Chief Executive Christian Rynning-Tønnesen said, “The combination of…

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The Secretary of State has granted development consent for the Sizewell C nuclear power plant, to be sited adjacent to Sizewell B in Suffolk. The application was submitted to the Planning Inspectorate in May 2020 and the inspectorate had advised…

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Three consortia are in the running to own and operate the transmission link to the Seagreen 1 offshiore wind farm, under Ofgem’s OFTO framework. The three groups will participate in the invitation to tender (ITT) stage of the Seagreen Phase…

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Six fixed offshore wind projects have been given the green light by the Secretary of State for Business, Energy and Industrial Strategy, with no objections from the Welsh Government, to enter into an Agreement for Lease with seabed owner The…

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NGESO issued a Capacity Market Margin Notice for the evening of 18 July at 19.00, and cancelled it an hour later. The notice is a signal to the market that more generation is required to meet system requirements. The automated…

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Renewables investment trust Atrato Onsite Energy has acquired an onsite PV project designed to power Nissan’s Sunderland manufacturing plant. Atrato will acquire 100% of the shares of Hylton Plantation Solar Farm Limited, the company set up to to develop the…

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Ofgem has promised to take action if it finds “sharp practice” in energy markets. There have been rising concerns about the prices taken in the so-called Balancing Market. Balancing costs refer to actions taken by the system operator, NGESO, at…

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Wind and solar power generators are achieving sharply increased prices in power purchase agreements (PPAs) across Europe, according to Level Ten Energy’s regular pricing index. Level Ten Energy, which provides transaction infrastructure, said that in Q2 across Europe average wind…

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Hitachi Energy has won an order from Ørsted to provide two high-voltage direct current (HVDC) systems to connect the Hornsea 3 wind farm, located more than 120km off the east coast, to the onshore network. Hornsea 3’s total capacity of…

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