Posted on: 27/06/2017
Foresight completes battery deal
Private equity manager Foresight Group has bought the 35MW Port of Tyne battery storage project from Renewable Energy Systems (RES).
The project has a 12-year Capacity Market contract and a four-year Enhanced Frequency Response contract.
Foresight already owns more than 80 solar projects and 28 energy-from-waste projects, with a combined generating capacity of more than 1GW.
Centrica sells CCGT assets
British Gas-owner Centrica is selling its Langage and South Humber Bank gas-fired power stations to EPH for £318 million.
EPH is Europe’s seventh-largest power company and already owns the Eggborough and Lynemouth power stations.
“The transaction is consistent with Centrica’s strategy to shift investment towards its customer facing businesses and to seek opportunities in flexible peaking units, energy storage and distributed generation whilst reducing focus on large scale central power generation,” the FTSE 100 company said.
Universities collaborate on tidal energy project
The Engineering & Physical Sciences Research Council (EPSRC) has awarded £650,000 to four universities to investigate how power can be extracted from slow tidal flows.
The University of South Wales (USW) will lead the project, which also involves academics from Cardiff, Southampton and Strathclyde.
Daphne O’Doherty, Head of the School of Engineering at USW, said: “What this project will look at is whether a slower tidal flow – under two metres per second – will offer the conditions that are suitable for energy generation.”
Vestas looks at storage projects
Danish wind turbine maker Vestas is in talks that could result in it constructing combined wind and solar plants with built-in battery storage.
Between three and six pilot projects could be built next year, with the design entering commercial production in 2019.
The batteries used in the projects are likely to have a capacity of between 1MW and 2MW.
Kite energy project backed
The Scottish Investment Bank (SIB), the investment arm of economic development agency Scottish Enterprise, has invested £2 million in Kite Power Systems.
The company has developed a system whereby two kites fly to a height of 1,500 feet and generate electricity as their winch spools out.
Fellow shareholders E.ON, Schlumberger and Shell Technology Ventures invested £5m in the business in December 2016, with the company relocating from Essex to Glasgow in February 2017.