E.On expects its new trading arm to begin trading by the end of the year independently from spin-off company Uniper, reports ICIS. Whereas Uniper is a global energy trading business, E.On will mainly source energy for its customers and sell…
News
IoD calls for step up in nuclear and shale gas programmes
by New Power •
The UK needs an expanded nuclear programme to replace existing nuclear generation and expand capacity, the Institute of Directors (IoD) said in a policy document, Future Proofing Energy. It also called for a drive to extract more shale gas. The…
News
European Commission clears EDF takeover of Areva reactors business
by New Power •
The European Commission has approved EDF’s proposed takeover of New NP, the Areva Group’s nuclear reactors business. EDF plans to acquire between 51 % and 75 % of the capital of ‘New NP’ which houses the Areva Group’s nuclear reactors business, including…
News
Scottish district heat customers need better protection, says Consumers Advice Scotland
by New Power •
The Consumer Futures Unit of Citizens Advice Scotland is calling for greater protection for consumers who use district heating schemes. The watchdog said that as district heating is not regulated in Scotland, consumers do not benefit from the same level…
News
Beatrice: offshore wind demo to close as work starts on £2.6bn project
by New Power •
Oil and gas joint venture Repsol Sinopec is to decommission two 5MW turbines at the Beatrice demonstration project in the Moray Firth, reports ReNews. The Beatrice demo was built in 2007 as a joint venture between SSE and Talisman. The turbines will…
News
Enel buys 25MW battery storage project in Tynemouth
by Annabel Andrews •
Enel has bought the Tynemouth battery storage project from Element Power. The construction-ready project is supported by a four-year EFR contract to provide grid balancing services to National Grid, with a price of around £12/MWh. Enel bought 100% of the shares in Tynemouth Energy…
News
Dong to divests upstream oil and gas business to INEOS
by Annabel Andrews •
Dong Energy said it is now a “pure play renewables company” after signing an agreement to divest its upstream oil and gas business to INEOS. Dong agreed to divest the entire share capital of it’s upstream oil and gas business…
News
Northern Powergrid signs electric vehicle MoU with Nissan
by New Power •
Northern Powergrid has joined with Nissan to look at how electric vehicles, batteries and other technologies can support energy networks. Through its Intelligent Mobility blueprint, Nissan aims to demonstrate how electric vehicles like its LEAF car can work in tandem…
News
Cadent acquisition drops gas network credit quality
by New Power •
Ratings agency Moody’s regards the new parent company of Cadent, which has acquired National Grid’s gas distribution networks, as “weak investment grade”, it said, announcing a ratings downgrade from A3 to Baa1 for Cadent. Moody’s noted the very low business…