Greencoat in £85m wind farm deal

Greencoat UK Wind has signed a deal to buy the 29.9MW Stroupster wind farm in Caithness from BayWa for £85 million.
Stroupster is the fourth wind farm that the London-listed wind energy fund has bought from BayWa, which is listed in Germany.

Tim Ingram, Greencoat UK Wind’s Chairman, said: “We are pleased to announce the acquisition of Stroupster wind farm, a further high-quality addition to our operating portfolio and an expansion of our existing and successful relationship with BayWa.”

> Read Greencoat's announcement

Aquamarine ceases trading

Aquamarine, the Edinburgh-based wave power developer, has been closed down by its administrators.

James Stephen, Business Restructuring Partner at accountancy firm BDO, said: “Despite a comprehensive marketing process, and after speaking to a number of interested parties, we regret to announce that no offers were made for Aquamarine Power as a going concern, leaving us with no option but to cease to trade the business.

“Regrettably, this means that 13 jobs have been lost in Edinburgh and one in Belfast.”

> View Aquamarine's announcement

Centrica to invest £63m in Lincs plant

British Gas-owner Centrica will spend £63 million overhauling the gas turbines at its South Humber Bank power station in North East Lincolnshire.

The plant, part of which is mothballed, will be brought back into use in preparation for the start of its capacity market contract in October 2018.

Jorge Pikunic, Managing Director of Centrica’s Distributed Energy and Power business, said: “This upgrade allows us to secure the future of this important power station for at least another decade.”

> See Centrica's statement

Hywind offshore contract awarded

Norwegian energy company Statoil has awarded a contract to build suction anchors for the world’s first floating wind farm to Global Energy Group.

The anchors will be made by Global Energy Group’s Isleburn subsidiary at Nigg Bay in the Highlands.
They will be used on the Hywind pilot park off the coast of Peterhead.

> Read Isleburn's statement

BES to pay £980,000 for customer service failures

Energy regulator Ofgem has imposed a £980,000 fine on BES after the supplier failed to explain important contract terms to its customers.

The company’s complaints handling processes were also deemed to be inadequate and it wrongly blocked some customers from switching supplier.

BES will return £300,000 to customers, with the remaining £680,000 being paid to Business Debtline.

> See Ofgem's statement