SSE completes sale of retail unit to OVO Energy for £500m

The deal makes OVO one of the biggest suppliers in Britain, now serving almost five million customers

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 […]