The Informer

MeyGen tidal project sees significant progress

Atlantis Resources has hailed significant progress in the construction of its MeyGen tidal array in the Pentland Firth in Scotland as it signed a five-year partnership agreement with Edinburgh-based JDR Cable Systems.

Tim Cornelius, Chief Executive at Atlantis Resources, said: “JDR supplied the subsea cables for MeyGen phase 1A, which remains on track to execute its final offshore installation and commissioning program in 2016.”

Atlantis, which recently moved its head office from Singapore to Scotland, also aims to begin construction of phase 1B of its project in 2016.

MeyGen has signed a 10-year Power Purchase Agreement (PPA) with SmartestEnergy for the tidal stream project.

> Read Atlantis' announcement

Green Investment Bank backs LED project

Spanish banking giant Santander is to install 90,000 light-emitting diodes (LEDs) across its 800 branches and 14 offices in the UK after securing a £17.5 million investment from the UK Green Investment Bank and Sustainable Development Capital Limited (SDCL).

Energy Secretary Amber Rudd said: “The LED lighting retrofit project is a great example of steps that can be taken by companies to cut greenhouse gas emissions.”

Under the deal, SDCL will provide “lighting services” – designed and delivered by GE Lighting – for ten years in all branches.

> See Santander's statement

Canadian Solar to build seven UK projects

Canadian Solar has unveiled plans to build seven solar farms in the UK, capable of producing a combined total peak power of 38MW.

The company, which is listed on the Nasdaq stock market in New York, will borrow £19.2 million from Royal Bank of Scotland to complete the project.

Canadian Solar already has 40MW of peak capacity in the UK.

> See Canadian Solar's statement

Centrica earnings in line with forecasts

British Gas-owner Centrica expects its full-year profits to be in line with City expectations.

Iain Conn, Centrica Chief Executive, said: “2015 has been a difficult year, and against challenging external factors Centrica is establishing a solid base from which to deliver for our customers and shareholders.

“We are seeing underlying performance improvement against a softening commodity market, and have concrete plans for executing our strategy.”

> See Centrica's statement

Co-op complaints top Citizens Advice figures

Citizens Advice has revealed that Co-operative Energy has the highest customer complaint ratio ever recorded by the consumer group.

The Co-op received 1,584 complaints per 100,000 customers, 40-times higher than the best performer, SSE.
Citizens Advice blamed a billing and customer service system introduced earlier this year by the Co-op, which has “created problems”.

> See Citizen Advice's statement