Posted on: 25/07/2017
Renewable fund passes £1bn mark
Blackrock, the world’s largest asset manager, has raised £1.1 billion to invest in renewable energy projects in the UK, making it the largest fund in the country.
A further £475 million was added to the fund in the latest round, with pensions funds investing heavily.
More than £600m from the fund has already been invested in 40 wind and solar projects.
Offshore wind farm back on track after appeal rejected
Work on the 450MW Neart na Gaoithe wind farm off the east coast of Scotland is expected to begin next year after the Royal Society for the Protection of Birds (RSPB) lost a legal case.
The Court of Session, Scotland’s senior civil court, has refused permission for the RSPB to appeal to the Supreme Court against a previous court ruling.
Scottish ministers gave the green light for the project in October 2014 but the RSPB sought a judicial review over its impact on seabirds.
Scottish port expansion could boost renewables sector
Plans to expand Aberdeen harbour have been hailed as a boost for the renewable energy industry.
Economic development agency Scottish Enterprise has pledged £11.7 million of funding towards the £350m expansion.
Up to £11m has been committed to the project by Aberdeen City and Aberdeenshire councils via the Aberdeen City Region Deal, with the European Investment Bank lending up to £175m.
Plans for largest solar carport unveiled
Cambridgeshire County Council has announced plans to build the UK’s largest solar carport, three times the size of the current biggest system.
Solar panels will be erected on canopies at St Ives park and ride, with the 948kW system generating power for lights in the car park, electricity for recharging electric vehicles and power for the grid.
The European Regional Development Fund is supporting half of the £3 million project’s cost.
British Gas pays out £1.1m to customers
Small business and domestic customers at British Gas have been paid £1.1 million after the company failed to keep appointments. Most of the 12,000 customers affected were businesses.
British Gas reported itself to Ofgem over the mistakes and so the regulator is not taking enforcement action.