E.On to sell E&P arm
E.On has signed an agreement to sell its UK exploration and production subsidiaries to Premier Oil for $120 million (£84 million).
E.On has signed an agreement to sell its UK exploration and production subsidiaries to Premier Oil for $120 million (£84 million).
Centrica has announced plans to restructure its British Gas supply business from April.
Westminster’s Scottish Affairs Committee has opened an inquiry into the renewable energy sector in Scotland.
The committee set out several questions in launching its review:
The European Investment Bank (EIB) has earmarked €200 million per year for energy efficiency projects as part of its Private Finance for Energy Efficiency (PF4EE) initiative.
Scottish Carbon Capture & Storage (SCCS) has outlined proposals for a Scottish CO2 storage hub, which could eventually store liquefied CO2 from across Europe.
NextEnergy Solar Fund has bought three operating photovoltaic (PV) plants for £61.7 million. It now owns the 20.4MW Fenland plant and 24.8MW Green End plant, both in Cambridgeshire; and the 8.1MW Tower Hill solar farm in Gloucestershire.
Four large solar farms were blocked in January.
Bluefield Solar Income Fund has acquired six additional solar plants totalling 104.5MWp.
There are few signs that Electricity Market Reform (EMR) can deliver the UK’s three energy aims of affordability, security and decarbonisation, according to the New Power Expert Forum. And its members warn that investor confidence in the UK energy sector has slipped over the past year.
National Grid has attracted just a fraction of its target in a new demand response product that would help manage system stresses.