Posted on: 26/01/2016
UK investment firm in Canadian renewables acquisition
Capstone Infrastructure, a Canadian energy investment vehicle, has been bought by Irving Infrastructure, a subsidiary owned by UK investment firm Icon Infrastructure’s third fund.
Capstone has 468MW of capacity, including traditional thermal power stations and wind farms in Nova Scotia, Ontario and Quebec.
The C$480 million price-tag comes at a 44% premium to the Toronto-listed firm’s closing price on the night before the deal was unveiled.
> Read Capstone's announcement
Ecotricity plans green gas mill
Energy company Ecotricity has applied for planning permission to build an anaerobic digester – or “green gas mill” – at Sparsholt College in Winchester.
Ecotricity will invest £10 million in the project, which will turn grass grown on marginal fields into biogas.
The firm estimates that the plant would generate £60m for the local economy, with college students trained to work in the biogas industry.
> See Ecotricity's statement
BayWa sells UK solar site
German renewable energy developer BayWa has sold its 27MW Lynt Farm solar site near Oxford to Meag, the asset management arm of reinsurance giant Munich Re.
Fast food retailer McDonald’s buys electricity from the solar farm under a long-term power purchase agreement.
Holger Kerzel, Managing Director at Meag, said: “With solar parks like this we are continuing to diversify our portfolio with sustainable investments characterised by limited risks and good returns.”
> Find out more about BayWa's other UK sites
Isles Wind Farm plans shelved
E.ON’s has abandoned plans to build its Isles wind farm near Newton Aycliffe.
The German company blamed issues including “the long-standing objection from the Ministry of Defence, the high level of bird activity on the site, investor uncertainty and changes to planning law” for its decision.
“The combination of these issues has resulted in E.ON’s decision to withdraw from the project,” it added.
> View E.ON's statement
Chair of environmental audit committee to stand down
Huw Irranca-Davies has resigned as chair of the House of Commons’ Environmental Audit Committee.
He is standing down as an MP so that he can run for a seat in the Welsh Assembly.
He said: “In the brief time I have been on the Environmental Audit Committee we have had a major impact: raising important questions about diesel emissions; the privatisation of the Green Investment Bank; and the environmental impact of Heathrow expansion.”
> Read the UK Parliament's announcement