Energy supplier Ovo is to commit £1 million to offer premium power purchase agreements (PPAs) to renewable generators who are not eligible to receive subsidies through any government or industry backed schemes. The company aims to help incentivise more small-scale,…
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UKPN calls out to property owners and organisations in bid to plan for local decarbonisation
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Property owners will be helped to plan their low carbon journey, in a new venture being launched by UK Power Networks. The company wants to help identify common challenges for organisations who expect to install measures like PV or electric…
Crown Estate identifies five areas to house 4GW of floating wind in Celtic Sea – tender planned for mid 2023
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The Crown Estate has identified five broad ‘Areas of Search’ for the development of floating offshore wind in the Celtic Sea. It aims to offer project areas to the market by a competitive tender in mid 2023 to deliver 4GW…
Corby to trial local energy market
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A new trial in Corby will use a new digital technology to allow local businesses and domestic properties to trade electricity. The project is being carried out jointly by Sitigrid and Electric Places, part of a not-for-profit Community Interest Company…
Gas engine at Pyebridge sees five-fold increase in achieved price
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A gas engine project in Derbyshire sold power in the three months to end May this year at five times the average sales price a year before, according to its owner, Mast Energy Developments (MED). MED acquired the Pyebridge project,…
Orbital Marine Power secures £8M funding – and two CfDs
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NEW Orbital has been awarded two contracts for difference (CfDs) in the UK’s Allocation Round 4. They will underpin the delivery of multi-turbine projects in Eday, Orkney capable of delivering 7.2MW to the grid. Orbital said it would now make…
Ukraine begins commercial power trades with export to Romania, plans to share gas storage
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Ukraine has begun trading power with the rest of Europe on a commercial basis. The first commercial electricity exchanges with between the Ukraine/Moldova power system and Romania were planned for today, with the total trade capacity will initially be set…
Climate Change Committee report 2022: the industry responds
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Dan McGrail, chief executive, RenewableUK: “The CCC is right to point out that building more onshore wind and solar projects is the fastest way to cut people’s bills by reducing the use of gas. “The CCC also highlights the fact…
SSE Thermal and Equinor acquire Triton Power for £341M
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SSE Thermal and Equinor are jointly to acquire Triton Power Holdings from Energy Capital Partners for £341 million. Triton Power operates the 1.2GW Saltend CCGT and CHP power station, as well as the 140MW Indian Queens OCGT and the decommissioned…
Thrive Renewables opens crowdfunding for new projects
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Thrive Renewables has launched a crowdfunding offer, aiming to raise at least £5 million to build new renewable energy generation and storage across the UK. The share offer is promoted by Triodos Bank UK, through its crowdfunding platform. Thrive Renewables…