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UK capacity auction hailed as success
- 2014-12-19 21:07:51
- Junior Isles
The UK’s Capacity Market auction undertaken by National Grid has contracted 49.26 GW of capacity to provide backup power in the year 2018/19. The contracted amount falls slightly short of the intended capacity procurement of 50.8 GW but was hailed as a success.
Balfour Beatty purchases Kent offshore transmission project
- 2014-12-18 21:53:10
- Junior Isles
Balfour Beatty, the UK-based construction services company, has completed the acquisition of the £164 million ($257 million) Thanet offshore transmission project in Kent.
Europe’s largest battery storage project opens in UK
- 2014-12-17 10:59:15
- Junior Isles
S&C Electric Company has begun operating Europe's largest battery-storage project. S&C Electric Europe, Samsung SDI and Younicos collaborated to deploy the technology onto a United Kingdom Power Networks substation in Leighton Buzzard, Bedfordshire, England.
Blow to Scottish renewables as Aquamarine to downsize
- 2014-12-04 22:22:08
- Junior Isles
Edinburgh-based company Aquamarine Power has launched a consultation process with staff about 'significantly downsizing' its business operation. The company, which has pioneered wave-power technology, looks set to cut its workforce from 50 to less than 20.
Siemens sells first H-Class gas turbine in Poland
- 2014-12-03 10:44:00
- Junior Isles
Siemens has been awarded a contract for its advanced H-Class gas turbine in Poland. It is the first time the company will build a turnkey combined cycle plant based on the machine in Central Europe, outside of Germany.
Finland to agree joint nuclear venture with Russia
- 2014-12-02 13:48:48
- Junior Isles
Finland is set to agree to proposals by Russian state-owned energy company, Rosatom, to build a nuclear power plant in the country's extreme north.
RWE rejects E.On-style split-business plan
- 2014-12-01 21:57:05
- Junior Isles
Rheinisch-Wesfallsches Elektrizitatswerk (RWE), Germany's second-largest utility provider, has declined to follow the lead of E.On and split its business operation.
Renewable energy becomes Scotland’s top power source
- 2014-11-27 21:48:27
- Junior Isles
Wind, hydro and other clean power sources accounted for the largest source of Scottish power in the first half of 2014. Scottish renewables, a trade body, stated that the renewable energy generated a record 10.3 TWh, whereas nuclear generation provided 7.8 TWh, coal 5.6 TWh and gas 1.4 TWh.
Falling oil prices hit Russia hardest
- 2014-11-25 14:23:04
- Junior Isles
Ahead of the next Opec conference, falling oil prices – coupled with geo-political sanctions – look set to hit Russia hard.
Ineos announces UK shale gas exploration plans
- 2014-11-25 09:24:12
- Junior Isles
Following its recent acquisition of 1.866 sq. km (729 square miles) of fracking licences in Scotland, Britain’s largest chemical company, Ineos, has recently revealed a £640 million ($1.024 billion) scheme to develop its exploration operations for shale gas across the UK.
