E.On has completed the sale of its 46.65% stake in Uniper to Fortum. The European Commission and Russia’s Antimonopoly Authority have both given merger control approvals and the transaction has now been completed and closed. In total, E.On received approximately…
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Ørsted to divest residential and network businesses
by New Power •
Ørsted has announced plans to sell off its domestic customer business in Denmark, along with the distribution network and City Light businesses, to focus on supplying and trading green power internationally. The company claims a global leadership position in offshore…
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BEIS drops Swansea Bay tidal lagoon: the industry responds
by New Power •
Tim Cornelius, chief executive, Simec Atlantis Energy: “We believe our proposed project for the Wyre Estuary represents a golden opportunity for the government to reinforce its commitment tidal range technology. As well as generating predictable, zero carbon, sustainable power to the…
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UKPN and Powervault combine to create ‘virtual power plant’ in Barnet from PV and batteries
by New Power •
Powervault and UK Power Networks are to install a fleet of 40 domestic batteries in the London Borough of Barnet so they can be used to store energy generated from solar panels and use them to support the local grid. The…
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NextEnergy extends solar acquisitions
by New Power •
NextEnergy Solar Fund has acquired ten operating solar plants with a total installed capacity of 46.6MWp. All ten assets were connected during 2016 and 2017, with subsidies including both renewable obligations certificates and feed-in-tariffs. The solar plants are : Fiskerton (13.0MWp, Lincolnshire)…
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Ofgem favours Diamond Transmission Partners bid for Race Bank OFTO
by Annabel Andrews •
Ofgem has selected Diamond Transmission Partners as the preferred bidder to own and operate the high voltage transmission link to the Race Bank offshore wind farm for the next 20 years. Diamond Transmission Partners, a consortium comprising Mitsubishi Corporation and…
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ORE Catapult announces £1.3m offshore wind innovation programme
by Annabel Andrews •
The Offshore Renewable Energy (ORE) Catapult has announced a £1.3m programme of technology innovation projects designed to advance Scotland’s offshore wind sector. The four projects will focus on next generation crew transfer and service vessels, a technology accelerator programme, investigating…
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The Crown Estate to reveal potential new offshore wind leasing locations at industry event next month
by Annabel Andrews •
The Crown Estate will present its work to design a new leasing round, which could begin as early as next year, at an event next month. The session, on Wednesday 25 July 2018, is targeted at potential leasing process participants –…
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Canadian investors buy UK PV totalling 13,259 rooftop and ground-based installations
by New Power •
Canadian infrastructure investment management firm Fiera Infrastructure has made its first sole investment in the UK. It has acquired a solar PV portfolio of 13,259 residential and commercial rooftop systems, and ground-mounted solar, across England and Wales totalling 41MWp. The portfolio…