Iberdrola has completed a £1.35 billion financing package – including funding of £600 million from the UK’s National Wealth Fund (NWF) – so its subsidiary ScottishPower can deliver seven priority transmission grid upgrade projects,. The package was led by Bank…
News
Hitachi Energy to supply Chinese company with 550kV SF6-free switchgear
by New Power •
Hitachi Energy is to provide sulphur hexafluoride (SF6)-free 550kV gas-insulated switchgear (GIS) to the Central China Branch of the State Grid Corporation of China (SGCC) – claimed as the first application of the technology at this voltage level. SF6 is…
News
Ørsted discontinues work on Hornsea 4
by New Power •
Ørsted has announced it will ‘discontinue’ the 2.4GW Hornsea 4 offshore wind project in the UK ‘in its current form’. The company said that since it was awarded a Contract for Difference (CfD) in allocation round 6 (AR6) in September…
News
Good Energy pays compensation for PPM billing failures
by New Power •
Good Energy has paid over £150,000 in compensation and redress after failing to provide final bills and refund credit balances to prepayment meter customers. Energy regulator, Ofgem, found that an error in Good Energy’s billing system affected 2,284 prepayment meter…
News
Bus batteries to find second life as stand-alone storage
by New Power •
Battery packs previously used in buses are to have a second life as standalone grid balancing assets, installed by Connected Energy and Forsee Power. The two companies have signed a Partnership Agreement to jointly design and develop modular energy storage…
News
Welsh government to invest £2M in tidal power
by New Power •
The Welsh Government has completed a £2 million equity investment in tidal energy firm Inyanga Marine Energy Group to help test improved tidal turbines in real sea conditions at the Morlais tidal energy site off Ynys Mon (Anglesey). The investment…
News
Solar farm to benefit local school
by New Power •
A 7MW solar farm on the Ochil Hills in Perthshire will provide free electricity for neighbouring Blackford Primary School, as well as part-powering Highland Spring’s production facility. The school currently uses oil for its central heating. The 23 acre project…
News
Veolia and Star Energy join forces to seek geothermal heating sites
by New Power •
Star Energy Group has signed a memorandum of understanding with Veolia to develop large geothermal projects to supply heat to district heating schemes, commercial buildings, hospitals and education campuses. The companies say geothermal heat “is more energy efficient than many…
News
Ørsted sells 25.4% stake in West of Duddon Sands
by New Power •
Ørsted has sold a 25.4% stake in the West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat for £456.1 million. The transaction closed on 30 April. Located 14km off the west coast, West of Duddon Sands…