Alpha Real Capital acquires £86m energy portfolio Jan 24, 2022 Real assets investment manager Alpha Real Capital has acquired Innova Energy, which has a solar energy portfolio totalling almost 62MW in the UK. The 17 PV projects, valued at £86m, are located across the UK and include extension and expansion rights. They generate about 540 gigawatt-hours of electricity a year, equivalent to powering 186,000 homes. […] Posted by: Mya Driver Read more
Angus Council not against £40m battery storage plant Sep 22, 2022 Angus Council is not opposed to a £40 million battery storage plant near the border with Dundee capable of holding enough power to supply 35,000 homes a year. The 80 megawatt proposal would be the largest of its kind in the county. Proposals for the site near Duntrune first emerged earlier this year. A second […] Posted by: Mya Driver Read more
Aviva Investors to invest up to £110 million in Connected Kerb to support nationwide delivery of EV charging infrastructure Sep 26, 2022 Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has completed an investment which will see it invest up to £110 million in Connected Kerb, the electric vehicle (‘EV’) infrastructure specialist. The investment, being made by the Real Assets business at Aviva Investors as part of its Climate Transition strategy, will […] Posted by: Mya Driver Read more
BP to invest £50m in new global battery R&D centre Aug 1, 2022 BP today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment […] Posted by: Mya Driver Read more
Geothermal drilling site and power plant approved Sep 16, 2022 A geothermal drilling site and power station have been granted planning permission. Cornwall Council’s strategic planning committee approved the development for a site near Truro. Geothermal Engineering Limited (GEL), which has already carried out testing and is set to generate power at a site in United Downs, had applied for permission to drill two geothermal wells and […] Posted by: Mya Driver Read more
Glasgow collaborates with UK Infrastructure Bank to accelerate Clyde Metro development Apr 14, 2023 A project that seeks to accelerate the development of Clyde Metro has been agreed between Glasgow and UK Infrastructure Bank (UKIB). UKIB has been working with the council to support the development of financial and commercial plans for the mass transit project which was recently confirmed by the Scottish Government as a key priority for […] Posted by: Mya Driver Read more
Iconic power station site will continue to be key part of Warrington’s economic future Jul 5, 2022 The site of an iconic power station which helped to support Warrington’s economy over the past 50 years will continue to secure much-needed future investment for the town and wider region after a change in ownership. Natural resources and energy company Peel NRE, part of regeneration business Peel L&P, has acquired the Fiddler’s Ferry Power […] Posted by: Mya Driver Read more
International PPL to acquire further stake in Thames Tideway super-sewer Jun 1, 2022 Infrastructure investment company International Public Partnerships has conditionally agreed to acquire a further shareholding in the Thames Tideway Tunnel, a 25-kilometre “super sewer” being built under the Thames in order to create a healthier environment for London. International PPL said on Wednesday that the opportunity was conditional on third-party approvals and had arisen as a […] Posted by: Leon Newton Read more
Landmark deal between Pinnacle Power and DIF Capital Partners enables critical investment for the UK Jul 4, 2023 The UK’s energy security is a top priority, and, as recognised in the Government’s ‘Powering up Britain: Energy Security Plan’, heat networks will play a crucial role in achieving this. To turbocharge the UK’s heat network capability a new partnership between Pinnacle Power and DIF Capital Partners will deploy town-and-city-scale heat networks to decarbonise tens […] Posted by: Mya Driver Read more
Pantheon Infrastructure invests £40m in UK energy network Mar 28, 2022 Pantheon Infrastructure (PINT), a listed global infrastructure fund, has agreed to invest approximately GBP40 million alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60 per cent stake in the UK gas transmission and metering business of National Grid. The business owns and operates the UK’s regulated national gas transmission system and […] Posted by: Mya Driver Read more
Peel NRE gets go-ahead for UK’s first £165m plastics recycling park Jul 6, 2022 Cheshire West and Chester Council’s have given the green light for Peel NRE to develop the UK’s first plastics recycling park for Protos Place Park at Inces Marshes. The £165m scheme, near Ellesmore Port will create more than 250 jobs for the local economy and process 367,000 tonnes of plastic each year. The project also […] Posted by: Mya Driver Read more
Rolls-Royce SMR design progresses to next step of Generic Design Assessment Apr 5, 2023 The Office for Nuclear Regulation (ONR), the Environment Agency and Natural Resources Wales (NRW) announced today that they are progressing to the next phase of their assessment of Rolls-Royce SMR Ltd’s 470 MW Small Modular Reactor (SMR) design. The process, known as Generic Design Assessment (GDA), allows the regulators to begin assessing the safety, security, […] Posted by: Mya Driver Read more
