2021-03-18 12:40:00
BRITAIN BUYING GRID $11 BLN
REUTERS - MARCH 18, 2021 - National Grid said on Thursday it had agreed to buy the UK’s largest electricity distribution business, Western Power Distribution (WPD), from U.S. company PPL Corp for 7.8 billion pounds ($10.92 billion).
PPL said in a separate statement that the WPD deal was valued at 14.4 billion pounds, including 6.6 billion pounds in debt.
National Grid also said it would sell its Rhode Island utility business, the Narragansett Electric Company (NECO), to PPL for $3.8 billion.
The British company, whose businesses supply gas and electricity to millions of customers, said the deals would increase the proportion of its assets in electricity to 70% from 60%.
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Earlier:
2021, March, 16, 12:35:00
RUSSIA'S LNG FOR BRITAIN
Under the carbon-neutral arrangements, Gazprom and Shell in partnership offset the carbon footprint of the cargo with VCS (Verified Carbon Standards) and CCB (Climate, Community and Biodiversity) emission certificates.
2021, March, 3, 12:25:00
BRITAIN'S POWER TRANSMISSION INVESTMENT €11.6 BLN
The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.
2021, February, 18, 12:35:00
NUCLEAR HYDROGEN FOR BRITAIN
"Nuclear power should be right at the heart of green hydrogen production, alongside renewable technology.
2021, February, 3, 12:15:00
WIND ENERGY FOR BRITAIN 3.1 GW
The GBP-6.5-billion (USD 8.8bn/EUR 7.3bn) mega-project, with its three separate wind farms in the plans, would use over 200 units of the Siemens Gamesa 14-MW turbines.
2021, January, 27, 13:45:00
BRITAIN'S HYDROGEN OPPORTUNITY
A hydrogen strategy, due in Q1 or Q2 this year, avoids the UK becoming "a wonderful R&D hub with multibillion-dollar industries created elsewhere,"
2021, January, 22, 11:00:00
BRITAIN NEED NUCLEAR POWER
The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions,
2021, January, 13, 13:15:00
BRITAIN'S RENEWABLE ELECTRICITY 37%
Renewable power generation in Britain accounted for 37.3% of total production in 2020 (24.8% from wind, 6.5% from biomass, 4.4% from solar, and 1.6% from hydro).