SSE to pay £1m over annual statement errors

Power supplier SSE is to pay £1 million to energy regulator Ofgem’s consumer redress fund after putting “inaccurate and misleading information” in some pre-payment customers’ annual statements in 2014 and 2015.

Ofgem had opened an investigation in November after SSE reported itself to the watchdog.

Gareth Wood, Director of Customer Service Operations at SSE, said: “As Ofgem has recognised, we’ve put things right and now have stronger measures in place to help ensure it doesn’t happen again.”

> Read Ofgem's announcement

 

Waste to energy plant bought in £1.5bn deal

A consortium of investors has bought Cory Riverside Energy in a deal reportedly worth more than £1.5 billion.

Dalmore Capital, Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers bought the company from Strategic Value Partners and its affiliates, EQT Credit, Commerzbank, and other shareholders.

Cory processes around 750,000 tonnes of rubbish from London each year, burning it to generate 528GWh of power.

> View Cory's announcement

 

Solar sites bought in Kingfisher deal

Investment giant BlackRock has bought a further seven solar farms through its Kingfisher partnership with Lightsource BP.

Together, the sites can generate 57MW of power, taking Kingfisher’s capacity up to 226.5MW.

Kingfisher aims to amass solar farms worth a total of £1 billion.

> See Lightsource's statement

 

New chair for Carbon Trust

Julia King, Baroness Brown of Cambridge, has been named as the next Chair of the Carbon Trust.

Brown, who is Deputy Chair of the Committee on Climate Change, sits in the House of Lords as a cross-bench member.

Following a series of senior posts at Rolls-Royce, she served as Vice-Chancellor of Aston University and Principal of the Engineering Faculty at Imperial College London.

> Read the Carbon Trust's statement

 

First liquid air energy storage site opens

Waste management firm Viridor and developer Highview Power have opened what they describe as the world’s first grid-scale liquid air energy storage (LAES) plant.

The 5MW facility is located at the Pilsworth landfill gas site in Bury.

The project received more than £8 million of funding from the UK Government.

> See Highview's announcement