Community energy investment company Mongoose Energy, chaired by former energy minister Ed Davey, has announced plans to launch a supply business this year. The community-owned supply company will be the first of its kind, and aims to announce its launch tariffs during Q3 2016. Mongoose Energy chief executive Jan Willem Bode said: “This is a first for a UK energy company and, with the majority of our profits going back into the community groups, I believe this has the potential to transform the nature of energy ownership in the UK.” Launched in 2015, Mongoose currently has 34MW of capacity under management services and a further 30MW of capacity in the pipeline. Bath and West Community Energy chair and founder of Mongoose Peter Capener said: “The rise of community energy means that energy generation can be used to bring about positive social change and Mongoose groups are all signed up to this philosophy.
Utility Week 19th April 2016 read more »
French energy company Engie wants to sell its Polaniec coal-fired power plant, the company said on Tuesday, confirming a report in a Polish newspaper. Puls Biznesu, quoting unnamed sources, reported that Engie had put its assets in Poland up for sale, including the 1800 megawatt (MW) coal-fuelled power plant in the south-eastern town of Polaniec, for 500 million euros ($567 million). An Engie spokeswoman in Paris said Engie had decided at the end of January to invite potential investors to express their interest in the Polaniec power plant assets as part of a strategic review of the firm’s holdings. Engie plans some 10 billion euros worth of asset sales by 2018, including fossil-fuel fired power generating plants, as it refocuses on gas networks, renewables and energy services.
Reuters 19th April 2016 read more »