Posted on: 08/11/2016
3i snaps up landfill business
Private equity investor 3i has bought landfill gas (LFG) firm Infinis for £185 million.
Infinis has 121 operating sites and seven outsourced sites in the UK.
Together they have an installed power generation capacity of more than 300MW.
> Read 3i's announcement
Solar street lighting firm wins £1.5m funding
Manchester-based venture capitalist Navid Dean has launched Solar Street Lighting, a joint venture with China-based Gloria Technology.
Dean has pumped £1.5 million into the company, which will provide street lamps fitted with solar panels and small wind turbines.
He said: “In the UK alone, more than four billion KWh of electricity is consumed by street lighting every year, costing approximately £500m and resulting in more than 1.9 million tonnes of carbon dioxide being produced.”
> Find out more about Navid Dean
Ecotricity ups Good Energy stake
Ecotricity has increased its stake in London-listed peer Good Energy from 5.6% to 24.9%.
The 3.1 million additional shares it acquired are estimated to have cost Ecotricity around £8.5 million.
The purchase has prompted speculation about a possible takeover bid, but Ecotricity declined to comment.
> Read Good Energy's RNS statement
M&S announces community fund winners
Twenty-six projects have received £350,000 from retailer Marks & Spencer’s Community Energy Fund.
Former Energy Secretary Sir Ed Davey was among the judges for the contest, which will benefit communities from the Highlands to Devon.
Nearly 79,000 votes were cast by members of the public during the competition.
> Find out more
GIB names trustees
The Green Investment Bank has named the five trustees for its “special share”.
The special share will force the bank to abide by its “green” founding principles once the UK Government sells the lender to Australian infrastructure investor Macquarie Bank.
The trustees are James Curran, Trevor Hutchings, Tushita Ranchan, Lord Teverson and Peter Young.
> Read the trustees' biographies