Investment

EDF Renewables has sold a minority stake in a portfolio of 24 of its UK wind farms for £701 million to pursue more renewable development.

Energy secretary Greg Clark ended weeks of speculation yesterday evening (4 June 2018) by making a statement before the House of Commons, confirming that the government had indeed entered into negotiations over the proposed development of the 2.9GW nuclear reactor at Wylfa Newydd.

Shell’s investment in sonnen is yet more evidence that international energy majors are starting to really act on clean energy, the battery storage manufacturer’s chief executive has said.

Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.

Ofgem stressed that it will need the help of industry if it is to strike the right balance between enabling the energy transition and keeping costs to within acceptable limits, as it designs the second set of network cost controls.

German energy investor Aquila Capital has launched a new fund dedicated to investing in energy infrastructure assets deemed essential to Europe’s energy transition.

Ofgem has published its proposals for a radical overhaul of how it controls the cost of the UK’s energy networks.

Vattenfall has announced plans to invest up to €100 million in developing solar plants over the next two years.

Tokyo Electric Power Company (Tepco) has confirmed it has invested into UK-based blockchain start-up Electron.

EDF Energy Renewables has sold its majority stake in five onshore wind farms to pursue other renewable projects in the UK.