‘First cash guarantee offered for solar performance’

A Dutch solar manufacturer claims it has become the first to offer a kilowatt hours (kWh) performance guarantee of its energy systems. Autarco is promising its customers cash compensation at a predetermined price per kWh if the electricity generated by its panels doesn’t match up to expectations. The firm says it is offering the service […]

UK to guarantee Wylfa nuclear plant by 2016

The UK Government will financially back a new nuclear power station in Anglesey in North Wales within three years. Today the Government announced it has a co-operation agreement with UK nuclear project Horizon, which is owned by Japanese firm Hitachi to guarantee the financing by 2016. The Wylfa Newydd plant is one of 40 priority projects […]

Treasury allots £10m to energy efficient car parks

Brits will be pulling into energy efficient car parks next year as a multi-million pound pot of cash to fund new lighting systems was announced today. The Government is giving national off-street parking firm NCP a £10million guarantee for installing energy saving lighting equipment at 149 of its 500-odd sites. Switching to LED lights is […]

Biomass among £33bn projects to pass Treasury's ‘first hurdle’

Infrastructure projects worth £33 billion have passed the ‘first hurdle’ in getting a government infrastructure guarantee the Treasury has announced. More than half of the 40 projects now at the ‘pre-qualification’ stage are in the energy sector. Reaching this stage means they are now eligible for a government guarantee subject to further negotiation and assessment. […]