The boom in solar farm construction in the UK has brought new opportunities for investment in the UK’s power sector, and in spite of changes to renewable subsidy support mechanisms, those opportunities show little sign of abating.
The Competition and Markets Authority (CMA) has extended until 5 August its deadline for responses to a suite of proposed remedies intended to sharpen competition in the industry.
Energy minister Lord Bourne has granted a development consent order for the Preesall underground gas storage project proposed by Halite Energy on the east side of the Wyre Estuary in Lancashire, which will be used to store and extract gas from loc
National Grid and Statnett joint venture NSN Link has signed cabling contracts totalling €1.5 billion for cabling and connections for the Nemo link between GB and Norway.
European electricity networks organisation Entsoe-E has asked for feedback on the network and storage projects that will be eligible for support under the EU’s Ten Year Network Development Programme.
A ‘window’ for new interconnector developers to apply for a ‘cap and floor’ deal on returns for new projects has been delayed to 2016.
Plans to bring forward the closure of a nuclear plant in Sweden and poor earnings in fossil fuel plant in Germany mean Vattenfall wrote down SEK36.3 billion (£2.7 billion) in the second quarter of 2015, the company announced in its 2H trading sta
ScottishPower finished the first half of the financial year with slightly more customer accounts than the year before, despite incurring the largest number of complaints ever seen by an energy company in the last three months of 2014 (according to
SSE saw customer accounts fall by 90,000 over the three months to 30 June, its first quarter, the company announced in a trading update.
Macquarie Capital and Macquarie’s Commodities and Financial Markets group have agreed to support financing MGT Power’s £650 million Teesside Renewable Energy Plant.