John Laing Environmental Assets Group Limited has proposed a £30m share issue to finance a pipeline of biomass and anaerobic digestion projects. The company said the proceeds of the share issuance will be used to repay amounts drawn down to…
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4MW battery goes into operation in Bridgend
by New Power •
Kiwi Power has begun operation of a smart battery system ‘behind the meter’ at Parc Stormy, the Cenin Renewables site near Bridgend, Wales. The 4MW battery will provide frequency support services to National Grid. Cenin’s 20-acre site includes a low carbon cement production facility, a…
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Citizens Advice adds to call for more oversight of new energy suppliers
by New Power •
Citizens Advice has called for new entrants to the energy market to face greater scrutiny. The call comes as Ofgem announced that it has opened an investigation into small supplier Iresa. It is considering whether the company has broken rules…
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Uniper acquisition leads to ratings downgrade for Fortum
by New Power •
Ratings agency Moody’s Investors Service has downgraded Finland’s Fortum, following its €3.8 billion acquisition of a 47.12% stake in E.On spinoff Uniper. The agency said the deal would increase Fortum’s financial leverage, and although Fortum would be Uniper’s largest shareholder, it would not be…
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Whole systems networking projects win funding
by New Power •
The UK Energy Research Centre (UKERC) has announced funding for five projects under its Whole Systems Networking Fund. Funded by EPSRC, this scheme aims to improve the diversity, communications and collaboration between people working on whole energy systems and those…
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Greencoat acquires Lisdowney wind farm
by New Power •
Greencoat Renewables has acquired Lisdowney, a 9.2MW wind farm situated in County Kilkenny, for €22.5 million. Lisdowney wind farm consists of four Enercon E82 turbines. The wind farm was commissioned in November 2016 and its revenues are contracted under the…
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Ofgem tells CMA: peg district heating bills to natural gas equivalent
by New Power •
Heat network customers should have their bills capped to ensure they are charged no more than customers using natural gas, energy regulator Ofgem told the Competition and Markets Authority, which is conducting a market study into district heat networks. In…
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BEIS awards CCS grant
by New Power •
A consortium led by Carbon Clean Solutions (CCSL) has been awarded £900,000 grant by the UK Department for Business, Energy & Industrial Strategy (BEIS) for development of carbon capture and storage (CCS) technology. The grant will enable CCSL to build a…
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SSEN consults on staged connection process for developers stuck in Orkney’s ‘catch 22′
by New Power •
Orkney renewable energy developers stuck in a ‘catch 22′ because of delays in upgrading the network have a month to let Scottish and Southern Energy Networks (SSEN) know whether a proposed ‘alternative approach’ to upgrades will work. SSEN said Orkney…