An estimated 3.8GW of medium and small scale generation automatically disconnected from the grid in Spain and Portugal during an incident on 24 July last year when parts of the synchronised European grid split briefly, according to a new report…

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The Clean Growth Fund says it has closed its first fund with £101 million in capital commitments. The latest commitments, totalling £31 million, are from the Merseyside and South Yorkshire local authority pension funds, Queens’ College Cambridge and Aviva Investors,…

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The EU has triggered dispute procedures under World Trade Association (WTO) rules with the UK, saying that the ‘supply chain plans’ required by the UK from companies who bid for Contracts for Difference (CfDs) breach WTO rules. The EU has…

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Ørsted is to sell 50% of the 1.3GW Hornsea 2 offshore wind farm to Crédit Agricole Assurances and clients of AXA IM Alts. The transaction, which is expected to close subject to regulatory approvals in the second half of 2022,…

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National Grid has agreed to sell a 60% equity interest in its UK gas transmission and metering business to a consortium of Macquarie Asset Management and British Columbia Investment Management Corporation. The plan to divest was first announced in March…

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The government’s bailout of Bulb Energy is set to cost £2.2 billion, this year and next and the risk is ‘potentially unlimited’, according to the Office for Budget Responsibility (OBR). In its Economic and Fiscal Outlook, published this week, the…

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Jess Ralston, analyst, Energy and Climate Intelligence Unit (ECIU): “Removing VAT on energy efficiency products such as insulation is an immediate boost for families facing soaring gas bills. But there are lots more tools within the Chancellor’s grasp for getting…

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Scottish Power plans to exit the business supply market, Bloomberg reports. It said the exit would be gradual, but uncertainty in the industry was growing with the potential failure of a large Russia-backed supplier. Other reports say the future Gazprom…

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A new interconnector will link the Irish and GB markets at the end of 2024, after Greenlink Interconnector Limited (GIL) announced financial close on the €500 million project. Partners Group, which owns Greenlink on behalf of its clients, said it…

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“Gaps are opening up between aspiration and execution” of the UK’s National Infrastructure Strategy, the National Infrastructure Commission (NIC) has warned in its annual report on progress. It says, “Urgent action is needed” because “another year of slow progress would…

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