Posted on: 22/03/2016
Government transfers Wave Hub
The UK Government has transferred ownership of its Wave Hub testing centre from the Department of Business, Innovation & Skills (BIS) to Cornwall Council.
The Cornwall & Isles of Scilly Local Enterprise Partnership has also been awarded £15 million to develop the facility at Hayle as part of the creation of a “MarineHub Enterprise Zone”.
Sandra Rothwell, Chief Executive of the trust, said: “MarineHub is a centrepiece of our ambition to make our region a world leader in the development of marine renewable energy, attracting investment and creating well-paid jobs.”
> Find out more about Wave Hub
Liverpool City Council looks to launch energy company
Liverpool wants to follow in the footsteps of Bristol by setting up its own energy company.
Joe Anderson, the Mayor of Liverpool, wants to setup “Liverpool Leccy” to sell gas and electricity at lower costs because it will be “not-for-profit” and will have low overheads.
A third of households in the city currently use pre-payment meters, while one in seven families live in fuel poverty.
> Read the council's announcement
SSE sells stake in Clyde wind farm
Energy company SSE has sold its 49.9% stake in the 349.6MW Clyde wind farm in South Lanarkshire to Greencoat UK Wind and GMPF & LPFA Infrastructure for £355 million.
When a 172.8MW extension is commissioned, the equity stake jointly owned by UKW and GLIL will be diluted to 30% with SSE retaining 70%.
The extension is due to open in 2017 at which point the enlarged wind farm is expected to be valued at £2.27 million per MW.
> See SSE's statement
Solar farm changes hands in £6.1m deal
John Laing Environmental Assets (JLEN), the London-listed infrastructure firm, has bought the Pylle Southern solar park for £6.1 million from Green Nation and the farm’s founding shareholders.
The solar park, which was commissioned in December, has a peak capacity of 4.99MW.
The site is located near Shepton Mallet in Somerset.
> View JLEN's announcement
GIB boosts Scottish hydro projects
Albion Community Power (ACP) has committed £4.8 million to the development of two hydro-electric power schemes after securing funding from the UK Green Investment Bank (GIB), Strathclyde Pension Fund and Greater Manchester Pension Fund.
The two run-of-river schemes – one at Liatre Burn on the Glen Cannich estate and the other at Abhainn Bruachaig near Kinlochewe – will generate about 2.8GWh of electricity each year, enough for around 700 homes.
Volker Beckers, Chair of ACP, said: “Institutional demand for community-scale renewable energy continues to grow and ACP is well placed to benefit from this trend.”
> Read the GIB's statement