Posted on: 05/01/2016
Tempus strikes funding deal
Electricity supplier Tempus Energy has raised £3.78 million from high net-worth individuals and its existing shareholders.
Along with seed funding raised earlier in 2015, Tempus has secured £5m over the past 12 months.
Under the latest deal, John Coomber – former Chief Executive at the Pension Insurance Corporation and former Group Chief Executive of Swiss Reinsurance – will join the board.
> Read Tempus's announcement
Wind farm decisions quashed
The High Court has quashed the Department of Energy & Climate Change’s (DECC’s) decision to reject plans for two wind farms in Wales.
Proposals for RWE’s 150MW Carnedd Wen wind farm and Renewable Energy System’s (RES’s) 90MW Llanbrynmair wind farm were rejected by the UK Government in September.
Both sites had been recommended for approval by the UK Government’s own planning inspector.
> Read RES's statement
Bluefield buys three solar sites
Bluefield Solar Income Fund has bought a further three solar farms.
The latest purchase consists of a 4.7MW plant in Lincolnshire and two 4.99MW plants in Norfolk.
The three farms are part of the 258MW package unveiled by the London-listed fund in October, with Bluefield paying £16.5 million in total.
> View Bluefield's announcement
Legal & General invests in renewables fund
Legal & General has bought a stake in renewable energy investment firm NTR Wind Management and has committed to contributing up to 47.5% to a new €250 million onshore wind fund.
Parent company NTR has also committed €50m to the fund.
Laura Mason, Director of Direct Investments at Legal & General Capital, said: “Legal & General’s investment in the UK’s energy infrastructure focuses on wind and solar power.”
> See L&G's statement
Work underway on £205m energy plant
Construction work has begun on Viridor’s £205 million Beddington Energy Recovery Facility in South London.
The 26MW facility will burn 300,000 tonnes of non-recycled waste each year from Croydon, Kingston, Merton and Sutton.
The four borough councils are expected to save £200m over 25 years by avoiding landfill taxes.
> View Viridor's statement