Specialist divers and archaeologists have completed an operation to retrieve the wreckage of a 1943 Fairey Barracuda Torpedo bomber found by National Grid engineers last summer during a seabed survey ahead of the construction of the IFA 2 Interconnector. The three-seater…
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Treasury Committee opens inquiry on decarbonisation and green finance
by New Power •
The Treasury Committee has launched an inquiry into the decarbonisation of the UK economy and green finance. It will scrutinise the role of HM Treasury, regulators and financial services firms in supporting the Government’s climate change commitments. It will also examine the…
Flash update
E.On has to withdraw ’70-year history’ advert
by New Power •
The Advertsising Standards Authority has told E.On that it has to withdraw regional press advertisements comparing itself to energy companies going out of business. The company said it was “70 years old and still going strong” but a complainant said that…
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Scottish government ‘must go farther’ on low carbon plans, say MSPs
by New Power •
Scottish MSPs say clearer plans are needed on how climate change will be addressed. The call came in a report by Holyrood’s Environment, Climate Change and Land Reform Committee on the Climate Change (Emissions Reduction Targets) (Scotland) Bill following the report…
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Foresight takes on advisory for £764 million of new assets
by New Power •
Foresight is to acquire the advisory mandate for 28 operational assets across a wide range of renewable generation, wastewater and waste management activities located in the UK and Europe from John Laing Capital Management. The JLEN assets have a gross asset value…
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Investment heads towards renewables and infrastructure
by New Power •
Foresight Group has launched a new fund to invest directly into publicly listed companies that own and operate infrastructure or renewable energy assets globally. It is targeting a total return of more than 3% per annum above the rate of…
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Environment Agency set to grant NOx emissions derogation for CfD plant
by New Power •
A coal-fired power station converted to biomass fuel is set to start up although it cannot meet new EU emissions requirements. The Environment Agency says it is minded to agree a derogation from the new rules for the Lynemouth plant,…
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Renewables to join Capacity Market
by New Power •
Renewables will be able to participate in the forthcoming Capacity Market (CM) auction for the first time, BEIS has confirmed, subject to derating factors and provided they do not receive other subsidy. BEIS said the addition was “always anticipated” and…
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Ofgem hands out £870,000 in fines for anti-competitive behaviour
by New Power •
Ofgem has fined two energy suppliers and consultant for anti-competitive behaviour. The regulator found that between January and September 2016 Economy Energy and E (Gas and Electricity) had an anti-competitive agreement preventing the two suppliers actively targeting one another’s customers…