Andy Elsom

Peterborough

Production Editor at reNEWS

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UK launches new national TSO

Sep 30, 2024 | renews.biz | Andy Elsom

The UK has launched National Energy System Operator (NESO), the new TSO London said will guide Britain to a secure, clean and affordable energy future. The government said the new organisation will have broad strategic oversight of both the electricity and gas systems, ensuring the country’s energy infrastructure is secure, resilient, flexible, and future-proof as the country decarbonises to reach net-zero.
Vestas wins 113MW turbine order treble

Sep 30, 2024 | renews.biz | Andy Elsom

Vestas has announced it has received three orders amounting to 113MW for the supply of turbines for schemes in Japan, Costa Rica and Italy. The first deal is with Tohoku Electric Power Co for its 34MW Shiroishi Kosugo wind farm in Japan. It covers the supply of eight V117-4.2MW units and a 20-year AOM 5000 service agreement. Delivery of the hardware is scheduled for first quarter 2026, with commissioning in third quarter 2026. Toko Electrical Construction Co will act as EPC contractor for the site.
Ortus Power seals €100m for Italian PV sites

Sep 30, 2024 | renews.biz | Andy Elsom

Italian renewable energy developer Ortus Power Resources Italy (OPRI), a joint venture between Ortus Climate Mitigation LLC and Omnes Capital’s Capenergie 4 fund, has hit financial close of up to €100m bond issuance with I Squared Credit to finance the construction of up to approximately 740MW of solar assets across Italy.
UK closes final coal power station

Sep 30, 2024 | renews.biz | Andy Elsom

The UK has become the first G7 nation to end coal-fired power generation as it closed its last plant at Ratcliffe-on-Soar, in Nottinghamshire, England. The move ends the country’s 142-year reliance on fossil fuel and paves the way for it to reduces its contribution to fossil fuels, said sources in the renewables industry. The Ratcliffe-on-Soar power station began generating power in 1968 and had a total generating capacity of 2.116GW.
Macquarie to acquire 100% stake in Ziton

Sep 29, 2024 | renews.biz | Andy Elsom

Macquarie Asset Management has entered into an agreement to purchase 100% ownership of Danish O&M provider Ziton. Macquarie European Infrastructure Fund 7, advised by Macquarie Asset Management, has entered into a share purchase agreement with funds advised by Permira Credit and other existing shareholders to acquire all issued and outstanding shares of Zappy TopCo ApS and its wholly-owned subsidiary Ziton A/S.
RWE invites Italians to invest in 54MW wind farm

Sep 29, 2024 | renews.biz | Andy Elsom

RWE has extended its “Let’s Create Energy - Together for the Energy Transition in Italy” campaign to all Italians, offering citizens the opportunity to invest in the construction of a 54MW onshore wind farm in San Severo, in the province of Foggia. By supporting the campaign, citizens will be able to receive a direct financial benefit and become actors in the energy transition by supporting the development of green energy and the country’s decarbonisation process, said the company.
GE Vernova wins 228MW Australian deal

Sep 29, 2024 | renews.biz | Andy Elsom

GE Vernova has signed an agreement with Aula Energy and CS Energy to provide 38 6MW 164-metre workhorse turbines for the 228MW Boulder Creek wind farm in Queensland, Australia.
Cadeler bags Pacific gig for M-Class newbuild

Sep 29, 2024 | renews.biz | Andy Elsom

Cadeler has signed a Vessel Reservation Agreement (VRA) for a pipeline of wind projects in the Asia-Pacific region. The VRA secures the availability of one of the Danish outfit’s two state-of the art newbuild M-Class vessels (artist’s impression pictured) and underlines its continued expansion in the Asia-Pacific market, said the company. The aggregate potential value to Cadeler of the development pipeline, to be negotiated during the pendency of the VRA, is expected to be approximately €200m.
SPEN acquires tech firm Derryherk

Sep 29, 2024 | renews.biz | Andy Elsom

Iberdrola has completed a deal to acquire private technology company Derryherk through its UK business SP Energy Networks (SPEN). Its technology improves data connectivity through its digital twin to enable network fault detection, forecast capacity constraint and provide active management of the low voltage network, said the Spanish developer.
Gresham House boosts storage capacity by 34%

Sep 29, 2024 | renews.biz | Andy Elsom

Gresham House Energy Storage Fund has released its half-year results for the period ending 30 June 2024, recording a rise in operational capacity of 34% year on year to 790MW (590MW as of 30 June 2023 and 690MW as of 31 December 2023). Operational portfolio revenues decreased 12.8% year over year to £17.9m (2023 £20.5m), and EBITDA declined 23.9% to £10.4m (2023 £13.8m), which the company attributed to especially difficult market conditions in the first quarter of 2024.