Penalties imposed for energy efficiency failings
Drax Power is to pay a £28 million penalty for its failure to meet Community Energy Savings Programme (Cesp) targets.
Archive
Blade contract for Shetland's Nova Innovation
A Shetland company will manufacture blades for a bank of tidal turbines to be supplied to Nova Innovation, which is developing five 100kW tidal turbines known as the Shetland Tidal Array.
Aquamarine Power restructures
Wave energy company Aquamarine Power has announced plans to slim down its business. The company originated the "Oyster" wave machine, now undergoing testing.
Siemens exits marine power industry
Siemens is to sell its marine energy company Marine Current Turbines, the company has announced, saying that the industry was growing too slowly and had too limited potential to maintain its investment.
Green Investment Bank takes stake in Sheringham
The Green Investment Bank (GIB) has purchased a 20% stake in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm. The GIB paid £240 million to acquire the stake from owners Statkraft and Statoil.
Legal challenge to Able Energy Park consent
Port operator ABP has announced it is starting a High Court challenge over the government’s development consent for Europe’s largest offshore energy park, which involves an area of land the company owns on the Humber estuary.
Balfour Beatty takes Thanet Ofto from Vattenfall
Balfour Beatty is to become the offshore transmission owner (Ofto) at the 300MW Thanet wind farm off the Kent coast. The company will acquire the asset for £164 million.
Burbo Bank go-ahead
Dong Energy has announced it has taken a final decison to construct the Burbo Bank Extension located 8km off the coast in Liverpool Bay. The project has a "FID-enabling" Contract for Difference.
First Flight cancelled
First Flight, the only offshore wind farm proposed for connection to Northern Ireland, has been cancelled. The project was under development by a consortium comprising Dong Energy, B9 Energy and RES Offshore.
The emotionalisation of energy
Wolf Ketter forsees a future where consumers have an emotional connection to the energy they use, and a smart pan-European market allows them to work directly with volatile pricing