Invest now, says report
The government should improve investment conditions in low-cost renewable energy such as onshore wind to support competitive industrial electricity prices, according to a report from the Aldersgate Group.
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Greencoat buys farms
Canadian Solar has completed the sale of 24 operational solar power plants across England, Wales and Scotland, with a total capacity of 142MWp, to Greencoat Solar II, managed by Greencoat Capital.
Alliance announced
GE and Arenko Group have announced a strategic alliance to build grid-scale energy storage systems in the UK.
Arenko has invested in a 41MW battery supplied by GE, sited in the Midlands, which will commence operations in 2018.
Vehicle-to-grid cash awarded
The government has announced funding of £30 million to be shared by 21 projects investigating “vehicle-to-grid” applications for electricity storage.
Kiwi behind the meter
Kiwi Power has started operating a smart battery system “behind the meter” at Parc Stormy, the Cenin Renewables site near Bridgend, Wales.
The 4MW battery will provide frequency support services to National Grid.
Fortum downgrade
Ratings agency Moody’s Investors Service has downgraded Finland’s Fortum after it acquired a 47.12% stake in E.On spinoff Uniper for €3.8 billion.
Murphy takes on Carillion power framework
J Murphy & Sons has acquired Carillion’s UK power framework business for an undisclosed sum.
Orkney’s ‘catch-22’
Orkney renewable energy developers stuck in a “catch-22” situation because of delays in upgrading the network, have a month to let Scottish and Southern Energy Networks (SSEN) know whether a proposed “alternative approach” to upgrades will work.
No rebate for generators
The Competition and Markets Authority (CMA) has rejected an appeal from generators after Ofgem decided not to allow the generators to recover an extra £120 million in transmission charges from customers.
Supply questions asked
Citizens Advice has called for new entrants to the energy market to face greater scrutiny.