RERevenues

Ardersier Port has received an initial £300 million investment from Quantum Energy Partners to facilitate offshore wind projects in the region.

This week’s issue of Current± Price Watch – powered by Enact – looks at Ofgem being granted a net zero mandate to support the road to decarbonisation, the Energy Networks Association’s (ENA) three step action plan for grid connections and National Grid ESO’s (NGESO) predicted 30% drop in balance prices this summer.

The Department for Energy Security and Net Zero (DESNZ) has announced the construction of the world’s largest multi-use electricity power link between the UK and Netherlands. 

Scottish and Southern Electricity Networks (SSEN) Distribution has revealed new plans to tender 287MW of new flexibility capacity this year.

Renewable power generator Statkraft has purchased two wind farms in Shetland with an approximate generation capacity of 120MW.

National Grid ESO (NGESO) has release its Summer Outlook 2023 predicting that balancing costs could be around 30% lower than last summer.

Due to rising wholesale costs across 2022, 100% renewable electricity supplier Good Energy saw revenue increase by 70.3% to £248.7 million over the course of 12 months.