asset investment

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). ...

Gas volatility & investment in deliverability | 20 Jul, 2015

The article below is our last before the summer break.  We will be back with more in late August. There are two key structural trends in play that ...

Acquisitions and monetising asset value | 11 May, 2015

European energy asset transaction activity is on the rise. After ambitious but largely unsuccessful growth and acquisition sprees last decade, utiliti ...

Investment in UK peaking assets | 07 Jul, 2014

The new Capacity Market may be set to turn UK generation investment on its head.  Power plant development in the UK has historically been focused on ...

Interconnectors – a competitive source of new capacity for the UK power market | 09 Jun, 2014

The UK Capacity Market is currently being implemented to ensure new flexible capacity is built as older plants retire.  While generation investors ar ...

Centrica asset sales & the current market environment | 26 May, 2014

Earlier this month Centrica announced a major shift in its generation portfolio strategy.  Centrica intends to sell all of its larger CCGT assets and ...

The European gas plant bust is underway | 11 Mar, 2013

The pain being suffered by owners of European gas-fired power plant has escalated over the last 12 months.  Weak power demand, subsidised renewable b ...

What does the Energy Bill mean for UK generation investment? | 03 Dec, 2012

The UK government published its Energy Bill last Thursday after releasing most of the headline measures the previous week.  The Bill represents a com ...

Building LNG supply chain value | 24 Sep, 2012

The influence of LNG in Europe is increasing A slump in Asian LNG prices since June this year has driven a steady flow of spot LNG cargoes back into ...

Chinese nuclear investment in Europe | 10 Sep, 2012

China is rapidly becoming a global leader in nuclear power station development.  It currently has 14 reactors in operation and a further 25 under dev ...

Political tension is undermining UK energy investment | 20 Aug, 2012

Energy policy is one of the key ideological flashpoints in the internal conflict between the UK government’s coalition partners.  Unfortunately the ...

The approaching European gas plant bust? | 08 May, 2012

There has historically been a pronounced boom/bust cycle in the investment market for gas-fired power plant in Europe.  The late 90’s dash for gas ...

The UK’s nuclear future comes down to France | 10 Apr, 2012

E.ON and RWE’s recent decision to sell out of their Horizon UK nuclear development joint venture, leaves the prospects for the UK’s new nuclear fl ...

The challenges of investing in gas storage | 26 Mar, 2012

In a recent article we explored the increasingly dynamic factors that influence the seasonal spreads of European gas hub prices.  Although there are ...

Capacity Market impact on plant owners and investors | 20 Feb, 2012

For better or for worse it is clear that a Capacity Market is now a reality for generation owners and investors in the UK and one which is likely to s ...

CCGT investment in the UK and Germany | 19 Sep, 2011

In both the UK and German power markets, the development of significant volumes of new thermal capacity will be required to replace retiring capacity ...