E.ON buys stake in mini wind turbine start-up

E.ON has bought a stake in a wind power start-up that provides small, on-site turbines for business customers. The energy giant invested in b.ventus through its German subsidiaries Avacon and E.DIS – the firm offers a single-source solution for companies to quickly and easily begin producing their own renewable power. The firm’s main product is […]

Centrica expects earnings dip from nuclear closure

British energy giant Centrica warned its shareholder earnings may dip after the Heysham and Hartlepool nuclear plants were shut. The two plants owned by EDF Energy were closed for inspections, it was announced today, because of a “defect” discovered in a boiler spine at one reactor in the Heysham 1 plant. Today Centrica said the […]

FTSE founds “fossil fuel free” stocks list

Investors who want to avoid buying shares in oil, coal and gas will be able to pick from a new list put together by FTSE and investment giant Blackrock. This week they announced plans for a “fossil fuel free” index, excluding companies with links to exploring for or owning fossil fuels. Companies will be excluded […]

Scottish wind co-op beats target, selling £1m of shares

A community energy group in Scotland announced it has sold £1 million of shares to 170 investors. Dingwall Wind Co-op beat its £850,000 target and building the 250kW turbine can now begin. Work has already begun on the site, with trenches being dug and cables laid (pictured). The turbine itself is due to be installed in spring […]

Oxford locals pour £296k into hydropower project

Rivers in Oxford are usually reserved for rowers and tourists trying out punts but now one is about to get another – more powerful – use. That’s after a community hydropower scheme in Oxford raised £296,000 by selling shares in just 10 days. The Osney Lock project on the River Thames in Oxford will generate […]

London Olympics power supplier warns of lower revenues

Temporary power provider Aggreko saw a drop in shares warning the business outlook next year is “particularly uncertain”. The firm – which provides power for major sporting events, the armed forces and after natural disasters – said its shares tumbled by one-fifth and expects profits to fall next year. The company, which rents out temporary […]

London listing for Russian electricity giant

The operator of Russia’s electricity grid today listed on the London Stock Exchange, making it the largest publicly traded electricity transmission company in the world. Federal Grid manages over 121,000 km of transmission lines and around 800 substations. Its biggest shareholder is the Russian government, with a 79.48% stake. Chairman of Federal Grid’s management board, […]