First power from Shetland tidal array

The first power has been exported to the grid from the Shetland Tidal Array in Scotland
Nova Innovation has deployed the first of three 100kW turbines from the phase one development of its tidal power project in the Bluemull sound off Shetland.

The array is a £3.75 million enterprise project between Nova Innovation and Belgian renewables firm Elsa.

> Find out more

Solar power firm in crowdfunding drive

Renovagen, a Milton Keynes-based company that makes portable solar farms, has launched plans to raise £600,000 through crowd-funding website Crowdcube.

The firm said it can deploy its 18kW trailer-sized unit within two minutes and its 300kW shipping container-size plant in less than an hour.

The company’s advisors include General Sir Mike Jackson, former head of the British Army.

> Read Renovagen's pitch

Guardian sustainability awards finalists named

The finalists for the 2016 Guardian Sustainable Business Awards, which saw a record number of entries across thirteen categories, has been named.

SmartestEnergy has been shortlisted in the “Bold Move” category for the renewable electricity products and energy label it launched in 2015. SmartestEnergy worked with the Carbon Trust to develop an Emissions Factor Model which enables it provide customers with an energy label showing the source of their renewable electricity and the carbon emissions.

The category winners – along with the reader voted awards for leader of the year and unsung hero of the year – will be announced on 27 May.

> Read more about the awards here

E.ON supply profits fall

Pre-tax profits at E.ON’s UK supply business fell to £267m in 2015 from £294m in 2014.
The German company said it has invested £71m during the year, £8m more than the previous 12 months, and that its profits had been hit by its gas price cut.

The supply business includes its residential and business arms.

> Examine E.ON's figures

John Laing fund looks to up investment in renewables

John Laing, the infrastructure group that listed on the London stock market in 2014, plans to invest £359 million in renewable energy projects over the next three years.

The company said: “In the main, we target investments where a substantial proportion of revenue is supported by governmental incentive mechanisms, which leads to reduced exposure to energy price fluctuations.

“During the year, we closed our first wind farm investments in Germany, Ireland and France. These are markets with strong pipelines supported by feed-in-tariffs, and they will continue to be a key focus during 2016.”

> See John Laing's statement