Rob Horgan

Drax gets green light for pumped storage hydro plant

Repower up

Green light for world’s largest battery storage scheme

Weekend Press: British Gas poised for record profits

‘Significant issues’ with government’s major energy schemes

SSE reports 29% renewables output shortfall

SSE’s renewable assets generated 29% less power than forecast during the first quarter of the financial year. In total, SSE’s renewable energy sources produced 624GWh. This represents a 5% shortfall on total planned output for the year. SSE attributes the drop in output to “dry and still weather patterns” during the three months until the end of June.

South East pays out dividend and bonuses despite supply woes

South East Water has paid out a £9 million dividend and its chief executive has pocketed a six-figure bonus, despite a year of supply-related problems. The company’s annual results also reveal that the firm made a £74 million pre-tax loss, representing a £91 million swing compared to the £17 million profit recorded last year. Union bosses and consumer groups have questioned the appropriateness of the dividend and bonus payments, given the loss-making firm has also been blighted by performance issues.

Shortlist revealed for biggest ever offshore transmission contracts

Four bidders have been shortlisted by Ofgem for the UK’s biggest ever offshore transmission tender round. All four bidders will be able to bid for the three offshore transmission assets of Dogger Bank A Offshore Wind Farm, Neart na Gaiothe Offshore Wind Farm and Moray Offshore Wind Farm (West), estimated to be worth a combined total of around £2 billion.

Ofgem consultants spend rises amid high staff turnover

SES Water shareholders to inject £22m into firm

SES Water’s shareholders have agreed to inject £22 million into the company to ensure its financial resilience. The equity investment is revealed within the company’s annual accounts which show revenue up to £67.4 million, however operating profits have dipped to £4.3 million.