Specialist wind infrastructure fund Greencoat UK Wind is to acquire a net 12.5% stake in the Hornsea 1 offshore wind farm. It will pay £400 million for the stake acquired from Global Infrastructure Partners. The acquisition is expected to complete…
News
Open call for innovators to work with energy companies in next round of Strategic Innovation Fund projects
by New Power • • Comments Off
Ofgem and Innovate UK have announced four challenge areas for the second round of innovation funding under the Strategic Innovation Fund (SIF). The Strategic Innovation Fund is a five-year programme with up to £450 million available to promote energy network…
Queen’s speech: the industry responds
by New Power • • Comments Off
Jess Ralston, Senior Analyst, Energy and Climate Intelligence Unit (ECIU): “The big risk with the Energy Bill is that government gets distracted with technologies like hydrogen and nuclear that might play a role but not for years to come. “Steps…
‘Always on’ PPA quote service offered for sub-1MW generators
by New Power • • Comments Off
Limejump, a part of the Shell Group, has launched an ‘anytime’ request line for fixed power purchase agreements (PPAs) for renewable asset owners with sites 1MW or below. It says the ‘Quotejump’ service will be available ‘24/7’. Generators can enter…
Drax to trial new sorbent for carbon capture
by New Power • • Comments Off
Drax is collaborating with the University of Nottingham and Promethean Particles on an new carbon capture technology, part of Drax’s bioenergy with carbon capture and storage (BECCS) innovation programme. The new process uses Promethean Particles’ solid sorbent. Its metal-organic frameworks…
Planning granted for 350MW battery by M6 toll
by New Power • • Comments Off
Penso Power and Luminous Energy have secured planning approval for a battery site with 350MW/1750MWh connection capacity at Hams Hall, close to the M6 Toll in North Warwickshire. The project is expected to provide a range of services including potentially…
WPD to make £14.9M redress payment after five years of failing vulnerable customers
by New Power • • Comments Off
WPD is to pay redress of £14.9 million after failing to provide information, advice and services to customers on its Priority Services Register. It failed to meet its obligations to provide information to some of its most vulnerable customers and…
Battery operator revises revenue predictions up by a quarter, expects high gas prices until 2026
by New Power • • Comments Off
Battery storage projects that have two hours of storage had average earnings equivalent to £200k per MW per annum between January and March 2022, trading ancillary services and wholesale energy, according to energy storage investor and operator Harmony Energy Income…
EDF Renewables to start up first major UK solar project this year
by New Power • • Comments Off
Construction has begun at the 49.9MW Sutton Bridge solar farm, EDF Renewables’ first major solar project in the UK, which is being built by Anesco. Planning permission was granted in March 2021 generation is expected to begin by late 2022.…
Uskmouth conversion to burn waste abandoned; battery planned for site
by New Power • • Comments Off
Simec Atlantis Energy (SAE) has abandoned plans to convert a coal-fired power station at Uskmouth to burn pelletised waste. Instead, the company plans to install a 230MW battery on the site. The company announced plans to convert the existing power…