Ofgem to grant additional £1 billion to upgrade grids
UK energy regulator Ofgem has announced to give £1 billion additional funding to the country's electricity network to help connect new renewable sources. As part of the investment plan, the regulator has now approved £319 million worth of funding for network upgrades starting April 2010. Ofgem informed that it will
by Tessa Clarke January 20th, 2010
GDF Suez initiated a bid for International Power
GDF Suez, the fifth biggest power producer in Europe, has made a takeover proposal for the FTSE 100-listed International Power, a move which will likely elevate political anxiety over the sale of the vital British energy infrastructure. GDF Suez is 35 per cent partly owned by the French government. It has
by Emma Young January 18th, 2010
UK power companies accepted Ofgem price control plan
Ofgem, the UK’s gas and electricity market regulator, had announced last Friday that all of the seven owners of UK’s power distribution networks had already agreed to its plan for price controls for 2010 to 2015. The price controls direct the ...
by editor January 11th, 2010
Energy investors bid for EDF electricity distribution network
The Abu Dhabi Investment Authority (ADIA) has collaborated with Canadian Pension Plan (CPP) to create a joint £5 billion proposal for EDF's electricity network, which powers 7.9 million houses in the UK. Owned by the emirate, ADIA is one of the ...
by Samantha Donovan December 30th, 2009
DONG and Siemens buy 50% of Lincs wind project
Siemens and DONG Energy have signed a joint contract to acquire 50 per cent ownership of the wind farm project Lincs, originally developed by the UK-based energy firm Centrica. The combined 50 per cent share of the energy project represents a capital investment of about £375 million. The Lincs offshore wind
by Jenson Brayshaw December 25th, 2009
ERR forecasts global offshore wind sector growth for 2020
According to a newly released Emerging Energy Research (EER) market study, the offshore wind sector is expected to expand over the next decade, with the total installed base expected to generate nearly 45GW in 2020. The report also revealed that the large European wind energy players are dominating the industry
by Beth Williams December 23rd, 2009
EU Announces New Round of Renewables Funding
The European Commission issued a statement saying that it would supply an additional €294 million (£267 million) in grants to encourage the development of renewables as well as carbon capture and storage (CCS) research. The funding will come from the European ...
by Beth Williams December 11th, 2009
EDF sends invitation to potential £4 billion asset investors
French energy company EDF has started sending out documents to prospect buyers for its £4 billion power supply network in the UK. On offer are three electricity stations that serve about 20 million people in London, and the eastern and ...
by Samantha Donovan November 16th, 2009
Scottish & Southern To Construct Energy Centre in Glasgow
Scotland is set to receive 300 new green jobs at the hand of Scottish and Southern Energy. The major energy utility is planning on building a Centre of Engineering Excellence for Renewable Energy (CEERE). Construction will take place in Glasgow and is estimated to cost around £20 million. The centre is
by Tessa Clarke October 14th, 2009
Forth Energy Announces Planned Biomass Plant in Scotland
Forth Energy announced that they plan to construct four biomass plants at different locations around Scotland. Forth Energy, a subsidiary of UK utility Scottish and Southern Energy and Forth Ports, a port operating company based in Edinburgh. The joint venture company ...
by Samantha Donovan August 31st, 2009
Rising water at new Highland dam raises hopes
Water from River Tarff along with many other rivers is rising behind the newly constructed dam at Loch Ness. The hydro-electric project, costing £150m, is located above Fort Augustus. With water levels rising, the project is expected ...
by Emma Young September 3rd, 2008
