How can companies step into new flexible markets? Bertie Readhead is associate director, energy and infrastructure advisory, at Jones Lang LaSalle.
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SSE has taken full ownership of offshore wind projects being developed by Seagreen Wind Energy – in which it had a 50% share – acquiring the remainder from Fluor.
The Seagreen projects are in the outer Firth of Forth and Firth of Tay.
A tender will open on 29 October for three offshore transmission assets, Ofgem has announced. The regulator says the three links will together be worth more than £2 billion.
The assets are links to three offshore wind farms:
The outcome of Ofgem’s first “regulatory sandbox” suggests that there could be more energy innovation in current regulatory arrangements – but innovators need help to navigate complex arrangements.
EDF Energy and UK Power Reserve, part of the Sembcorp Group, have completed the first transfer of a Capacity Market obligation using a trading platform built by Electron and underpinned by blockchain.
The Offshore Renewable Energy (ORE) Catapult has launched a project to accelerate offshore turbine power train research and development activities.
The 7MW Levenmouth offshore wind demonstration turbine in Fife will be available until 2029 after it won permission from the Scottish Government to remain in operation.
Standard Chartered bank has announcing it will no longer provide financing for new coal-fired power plants anywhere in the world, “save where there is an existing commitment”.
The Planning Inspectorate has rejected an appeal for an opencast coal mine at Nant Llesg, in Caerphilly, South Wales.
Origami Energy has announced plans to connect 19MW of battery assets to energy markets. The company’s technology will provide monitoring, control and operation of the batteries, enabling access to multiple revenue streams for each asset.