Isle of Wight tidal project gets green light

The Marine Management Organisation has given the Perpetuus Tidal Energy Centre (PTEC) the go-ahead.

The 30MW scheme is the largest consented tidal stream energy project in England and Wales.

Project Director Mark Francis said: “PTEC will be pivotal to the future growth and success of the UK’s tidal energy industry.”

> Read Perpetuus's announcement

Centrica buys energy firm in £170m deal

British Gas-owner Centrica is buying Danish energy management firm Neas Energy for £170 million.

Centrica said that “Neas provides customers with route to market and short-term trading optimisation services in six European countries”.

Last year Neas turned a profit of £21m on revenues of £2.2 billion.

> See Centrica's statement

Green Energy launches first gas supply

Independent supplier Green Energy has become the first British company to supply only “renewable green gas” to its residential and business customers.

The company is supplying its customers with bio-methane, which is produced from anaerobic digestion plants using biodegradable matter such as food waste, sewage, energy crops and residues from food manufacture.

> View Green Energy's announcement

Bluefield passes 400MW

Bluefield Solar Income Fund has bought a 4.1MW peak ground-mounted solar farm in Derby for £14.4 million, taking its total installed capacity to 402MW.

John Rennocks, Chairman of the London-listed fund, said: “With our portfolio now exceeding 400MWp – and with the proportion of total fixed revenues being approximately 99% of total revenues until the end of the current financial year in June 2016, and then in excess of 65% until the end of June 2017 – our shareholders are benefiting from the company adopting a highly defensive power price strategy whilst also delivering a sector-leading dividend.”

> Read Bluefield's statement

UK and Spain in offshore wind tie-up

The UK Offshore Renewable Energy Catapult (OREC) has signed an agreement to collaborate with Spanish organisation Tecnalia on research and development projects.
The two bodies will also share testing facilities.

Ignacio Martí Pérez, Innovation and Research Director at OREC, said: “Working collaboratively with Tecnalia will enable us to develop international best practise in technology research and development and to focus on accelerating cross border innovation.”

> See OREC's announcement