Posted on: 08/03/2016
ScottishPower looks to double size of hydro station
ScottishPower has published a feasibility study into adding a further 400-600MW of capacity to its 440MW Cruachan pumped storage hydro-electric power station near Oban.
Such a project would cost £300 million to £400 million and would take 10 years, the company said.
Hugh Finlay, Generation Director at ScottishPower, said: “A new generation of pumped storage hydro would be a major asset for electricity systems worldwide as more renewable electricity continues to come on line.”
> See ScottishPower's statement
Good Energy plans UK’s first subsidy-free wind farm
Renewable power developer Good Energy has unveiled plans for what could become the UK’s first subsidy-free wind farm.
The 11-turbine Big Field wind farm, near Bude in Cornwall, would be community-owned.
With an installed capacity of between 22MW and 27.5MW, it would be the largest community-owned wind farm in England.
> Read Good Energy's announcement
Profits up at Foresight Solar
Foresight Solar Fund has posted a profit after tax of £15.2 million for 2015, up from £8.1m in 2014.
The London-listed fund owns 16 solar farms, which together produce 338MW of power.
Alexander Ohlsson, Chairman of Foresight Solar Fund, said: “We believe the UK solar market remains attractive, and have identified a 150MW pipeline of assets that will support the growth of the company over the next six months.”
> Find Foresight's figures
Scotland launches public sector energy efficiency drive
The Scottish Government has unveiled a £300 million scheme to make public buildings more energy efficient.
Twelve companies have been appointed to carry out work for public sector organisations, social housing providers and charities.
Energy bills could be cut by £30m a year if public buildings are made more energy efficient, Scottish Energy Minister Fergus Ewing said.
> See the Scottish Government's statement
District heating scheme in major expansion
Fund manager Equitix has bought Wick’s district heating system for £4 million and has pledged to expand the scheme with backing from the UK Green Investment Bank.
A further 150 customers will be connected to the network, which already supplies clients including the Pulteney whisky distillery.
Equitix and the GIB are investing £10m in total under the deal and are buying the scheme from Ludgate Environmental Fund, which is listed on the Alternative Investment Market.
> View GIB's announcement