The Competition and Markets Authority (CMA) has cleared Scottish Power owner Iberdrola’s acquisition of an 88% shareholding Electricity North West. Iberdrola said it was part of its strategy to strengthen its networks business in countries with strong ratings, such as…
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Ofgem gives go-ahead for advanced procurement to allow quicker start to transmission build-out
by New Power •
Energy regulator Ofgem has given the go-ahead for transmission network owners to book supply chain capacity early, so that expansion of the high-voltage electricity grid can move forward faster. The new Advanced Procurement Mechanism allows GB’s three transmission owners (National…
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Western Gateway report supports tidal lagoons in Severn Estuary
by New Power •
A report written by an independent commission for the Western Gateway local partnership has supported investigating tidal lagoons in the Severn Estuary. The Commission called for tidal range options to be supported in a Tidal Range Energy National Policy Statement…
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Stockton car dealership uses rooftop solar to meet energy needs
by New Power •
Kia Stockton dealership, in Stockton-On-Tees, will in future meet around 45% of its energy needs from solar panels on its roof. The 601kW solar roof, projected to generate 538,000kWh annually, was developed by Ortus Energy in partnership with SSE Energy…
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Battery buy? Foresight Group agrees potential £190M bid for Harmony
by New Power •
Foresight Group LLP has said it is considering an offer for Harmony Energy Income Trust plc. The possible cash offer of 84.0 pence per share values the ordinary share capital of HEIT at £190.8 million and represents a 29% premium…
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Finance agreed for 612MW battery fleet
by New Power •
NORD/LB bank has announced a landmark £180 million financing package for a portfolio of nine batteries totalling 612MW/1,652MWh, to be built across England and Wales. The portfolio belongs to Constantine Energy Storage, a partnership of the Alberta Investment Management Corporation…
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Welsh Government’s developer seeks support for two wind farm projects
by New Power •
Welsh Government-owned renewable energy developer Trydan Gwyrdd Cymru (Trydan) is planning to tender professional services for two large-scale wind farm developments in South Wales. Trydan’s aim is to deliver renewable energy projects across the public estate, and to optimise the…
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Waste heat in wastewater to provide district heat in Scotland
by New Power •
SSE Energy Solutions and Scottish Water Horizons have announced a strategic partnership to develop low-carbon district heat networks across Scotland that capture the thermal energy in wastewater. The organisations will collaborate to identify, develop and deliver heating solutions. A first…
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Two battery approvals total 150MW for Downing
by New Power •
Downing Renewable Developments (DRD) has secured two planning consents for new batteries. The company celebrated receiving both in a week, and said both were approved without any objections from members of the public. It was granted approval for a 40MW…