UPDATE 5 January: The BSC Credit Committee has decided to cancel an expected increase in the Credit Assessment Price (CAP) that would have seen it rise to £380/MWh on 7 January. Instead, the committee has decided to retain the current…

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For the second time the government is considering whether to take action to address rising carbon costs in the UK’s new carbon emissions trading scheme (UKETS). The UK ETS Authority will announce its decision after trading hours on 18 January.…

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Rolls-Royce has completed the sale of its Bergen Engines business to Langley Holdings. The sale was initially announced on 3 August 2021. Bergen Engines joins Piller Power System and Marelli Motori groups in Langley’s £600 million power solutions business, which…

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Octopus Renewables Infrastructure Trust (ORIT) and specialist UK onshore wind developer Wind 2 have announced plans to develop up to nine onshore wind farms in Scotland and Wales over the next 5-10 years, with a potential combined capacity of approximately…

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Macquarie’s Green Investment Group (GIG) has reached financial close on a 40MW battery storage project, located in Maldon, Essex. The project is one of seven strategically located in highly congested areas of the UK network, including Scotland and South-East England,…

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A new consortium will explore and develop deep geothermal energy projects in Northern Ireland and plans to bring forward its first projects in 2022. Geothermal NI is made up of MJM Renewables, Arup, Queen’s University Belfast and Geothermal Engineering Ltd.…

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Good Energy is in discussion with its financing partners to augment its working capital for the winter period. The company is exempt from the price cap and has already raised its standard variable tariff. It plans a second rise of…

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OMERS has announced the sale of its 25% stake in Scotia Gas Networks Limited to Global Infrastructure Partners (GIP). SGN is the second largest gas distribution network in the UK, which owns Scotland Gas Networks and Southern Gas Networks. It…

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Global asset manager Schroders is to acquire a 75% share of renewable infrastructure manager Greencoat Capital, for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch…

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Ofgem has warned energy generators that “We will not hesitate to take action if we find evidence of market manipulation” in an open letter to companies who participate in the so-called ‘Balancing Market’ (BM). General electricity trading applies in half-hourly…

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