asset investment

Boosting midstream asset value capture | 03 Dec, 2018

This decade has been a tough one for owners of flexible midstream gas assets such as storage, pipelines & regas terminals. Asset returns have been ...

UK battery investment 3: building an investment case | 15 Oct, 2018

The current interest in UK merchant battery investment is supported by some powerful fundamental drivers. The most important of these is a strong case ...

Battery investment 2: Monetising battery value | 01 Oct, 2018

2019 may be the breakthrough year for merchant battery investment in the UK.  Battery developers have re-focused investment cases on wholesale market ...

UK battery investment 1: business model transition | 03 Sep, 2018

Battery storage broke through the investment viability barrier in the UK’s 2016 capacity auctions. 200MW of batteries were successful in the 2016 ...

A new UK CCGT despite no price signal | 04 Jun, 2018

The 8 £/kW clearing price in this year’s capacity auction presented a serious roadblock for new CCGT projects. But Scottish utility SSE has mounted ...

Plant closure: Valuing closure option vs alternatives | 23 Apr, 2018

Plant closure decisions are usually driven by expected profit.  But a simple assessment of plant profitability is usually an inadequate approach to i ...

NW Europe’s flexible capacity crunch | 19 Mar, 2018

The luxury of oversupply There has been a structural oversupply of capacity in North West European power markets this decade (with the notable exce ...

UK capacity auctions set up stack transition | 15 Jan, 2018

The UK power market is preparing for two capacity auctions in Q1 2018.  There is no shortage of competition to provide capacity.  The outcome of the ...

Funds taking on market risk to boost returns | 27 Nov, 2017

Investment funds have made a big push into European energy infrastructure this decade. This has been fuelled by a search for yield in a record low int ...

Taking nuclear life extensions seriously | 20 Nov, 2017

France has reignited the debate around nuclear power plant closures in Europe this month. The French government has just reneged on its promise to red ...

Cracking the new US export business model | 06 Nov, 2017

48 mtpa of 2nd wave US export projects are queued to go.  They have sites, FERC approval and in many cases good access to infrastructure and skilled ...

Where will the next wave of LNG supply come from? | 30 Oct, 2017

The 2015-2020 wave of new LNG supply has been built on Australian and US export projects. Australian liquefaction projects were underwritten by long t ...

Energy from waste investment in the UK | 16 Oct, 2017

Energy from waste (EfW) is a relatively small but rapidly evolving sector in North West European power markets. EfW investment is being driven by tech ...

Flexibility investment: New UK CCGTs | 02 Oct, 2017

New CCGTs have not fared well so far in the UK capacity market. Centrica’s repowering of the Kings Lynn plant (0.4GW) has been the only successful p ...

Investment in flexibility: gas peakers | 04 Sep, 2017

A major transformation is underway in European power markets. Ageing coal, gas and nuclear plants are retiring and being replaced to a significant ext ...

European midstream gas infrastructure in focus | 26 Jun, 2017

Midstream gas assets are coming back into focus after a lull across the first half of this decade. A 20% decline in European gas demand between 2010 a ...

UK peaker investment: here comes consolidation | 29 May, 2017

Competition to provide new capacity across the UK’s first three capacity auctions has been dominated by thousands of small peaking units. In contras ...

The UK’s battle for new capacity: peakers vs CCGTs | 31 Oct, 2016

An aggressive government capacity target in the Dec 2016 UK capacity auction is fuelling an intense battle to deliver new power plants.  As much as 5 ...

Long term contracting to support asset financing | 24 Oct, 2016

Infrastructure investors are set to feature as prominent buyers of conventional supply assets, as utilities ramp up asset sales in Europe. European ut ...

The impact of declining offshore wind costs | 19 Sep, 2016

Competition between European utilities to deliver offshore wind projects is hotting up as companies refocus their business models towards renewable ge ...

Utility asset sales: where are the value opportunities? | 18 Jul, 2016

The article below is our last before the summer break.  We will be back with more in late August. Three weeks ago we set out the case for an unpre ...

European utility asset sales are ramping up | 20 Jun, 2016

European utilities have taken a battering so far this decade. Most utilities are suffering balance sheet hangovers from a pre financial crisis spate o ...

Underestimating small scale peakers | 22 Feb, 2016

The UK government has issued fresh denials of an imminent capacity crunch this month.  This has been prompted by closure announcements for another 2. ...

The UK’s dual capacity markets | 04 Jan, 2016

There is an acute and increasing capacity shortage in the UK power market caused by the retirement of older gas and coal plants. This is being driven ...

The UK CCGT new build challenge | 19 Oct, 2015

Carlton Power was the only bidder in the UK's first power market capacity auction that secured a capacity agreement to build a new CCGT (in Dec 2014). ...