Sale of Race Bank transmission assets agreed

Joint Venture Race Bank Wind Farm Limited, which is half-owned by Ørsted, is to sell the infrastructure to Diamond Transmission Partners.

Wind investment
Vortex Energy completes the sale of stake in 998MW wind portfolio

The firm has now sold its ownership of 56 operational wind farms spread across Spain, France, Portugal and Belgium

Pound signs
Utilitywise puts itself up for sale

The cost management consultant says it needs investment of around £10 million

Brazil awards $3.4bn of new power line projects

The sale represents around 4,444 miles of new transmission infrastructure

General Electric sells $1bn portfolio of energy investments

Apollo Global Management has bought a range of assets in an undisclosed deal

E.ON completes €3.8bn Uniper sale to Fortum

It follows approval from the European Commission and the Russian Antimonopoly Authority

National Grid to sell stake in Cadent Gas for £1.2bn

Cadent, formerly National Grid Gas Distribution, owns the gas distribution networks in north London, central England, the east of England and northwest England

International activity accounted for 55% of Scottish oil and gas business last year

The sector saw £10.4 billion of sales from direct exports and international subsidiaries

China halts production of 553 cars in clean clampdown

  China has halted the production of 553 car models that didn’t meet new fuel consumption standards. According to state news agency Xinhua, the China Vehicle Technology Service Center has said the suspension has been approved by the relevant departments and took effect from yesterday. The models affected reportedly include cars from a number of […]

BP sells off North Sea assets in £300m deal

BP has agreed to sell a number of its oil and gas assets in the North Sea to Serica Energy in a £300 million deal. The property and infrastructure being sold include the Bruce, Keith and Rhum fields, three bridge-linked platforms and associated subsea equipment. The £300 million will be made up of a £12.8 million upfront […]