Latest news with #HarmonyEnergy
Reuters
20-05-2025
- Business
- Reuters
UK takeover panel cancels Harmony Energy auction
May 20 (Reuters) - UK's takeover panel on Tuesday cancelled an auction to conclude the sale of Harmony Energy Income Trust (HEIT.L), opens new tab, set to take place on May 21, after Drax (DRX.L), opens new tab, one of the bidders, decided against raising its offer. The panel had decided on a bidding process following proposals last month from two funds managed by British investment manager Foresight Group LLP, valuing Harmony at around 209.9 million pounds ($278.12 million), which surpassed Drax's 199.9 million pounds bid.
Reuters
16-05-2025
- Business
- Reuters
UK takeover panel sets May 21 auction for Harmony Energy
May 16 (Reuters) - The UK takeover panel said on Friday it had planned an auction for May 21 to conclude the sale of Harmony Energy Income Trust (HEIT.L), opens new tab, after rival bidders failed to submit final offers for the British battery storage investment firm. The bidding process follows a proposal last month from two funds managed by British investment manager Foresight Group LLP, which valued Harmony at around 209.9 million pounds ($278.12 million), surpassing an earlier 199.9 million pounds bid from British power company Drax (DRX.L), opens new tab. The outcome of the auction, which will consist of up to five rounds, is expected to be announced on May 22. ($1 = 0.7547 pounds)
Yahoo
07-03-2025
- Business
- Yahoo
Battery storage site plan submitted
Plans have been lodged for a battery energy storage facility in Rotherham. It would be on land off Hard Lane in Kiveton Park and could store enough electricity to power approximately 130,000 homes for two hours, saving more than 5,500 tonnes of carbon dioxide annually. The firm behind the project, Harmony Energy, said they have amended their proposals to further screen the development from the existing public footpath and Community Woodland area to the west following a public consultation. The 40 mega watt (MW) project, would be located next to Kiveton Park substation, and would be built on low-grade agricultural land. The applicants said the scheme would generate more than £90,000 per year in business rates for Rotherham Metropolitan Borough Council, and they would provide a community fund worth £400,000 over the project's lifetime to support local causes. According to the Local Democracy Reporting Service, the revised plan also includes the use of green-coloured batteries and aims to create new habitats, ensuring a biodiversity net gain of more than 35%. Peter Kavanagh, Harmony Energy CEO said: "Battery energy storage is essential in delivering a home-grown energy system that strengthens the UK's energy security and reduces our reliance on foreign imports, while supporting net zero goals. "The Kiveton project enables renewable energy to thrive, all at no cost to the taxpayer, and will support job creation and economic growth. "We'd like to thank everyone who took part in the public consultation and all stakeholders who shared their thoughts on the site." A date for the council to consider the application has not been set. Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North Battery storage site approved despite objections Public consultation over UK's biggest battery farm Battery plan fears over 'finest view in England' Harmony Energy UK Gov't Battery Storage Strategy
BBC News
07-03-2025
- Business
- BBC News
Battery storage facility plan for Kiveton Park in Rotherham
Plans have been lodged for a battery energy storage facility in would be on land off Hard Lane in Kiveton Park and could store enough electricity to power approximately 130,000 homes for two hours, saving more than 5,500 tonnes of carbon dioxide firm behind the project, Harmony Energy, said they have amended their proposals to further screen the development from the existing public footpath and Community Woodland area to the west following a public 40 mega watt (MW) project, would be located next to Kiveton Park substation, and would be built on low-grade agricultural land. The applicants said the scheme would generate more than £90,000 per year in business rates for Rotherham Metropolitan Borough Council, and they would provide a community fund worth £400,000 over the project's lifetime to support local to the Local Democracy Reporting Service, the revised plan also includes the use of green-coloured batteries and aims to create new habitats, ensuring a biodiversity net gain of more than 35%.Peter Kavanagh, Harmony Energy CEO said: "Battery energy storage is essential in delivering a home-grown energy system that strengthens the UK's energy security and reduces our reliance on foreign imports, while supporting net zero goals."The Kiveton project enables renewable energy to thrive, all at no cost to the taxpayer, and will support job creation and economic growth. "We'd like to thank everyone who took part in the public consultation and all stakeholders who shared their thoughts on the site."A date for the council to consider the application has not been set. Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North
BBC News
03-03-2025
- Business
- BBC News
Farming Today 03/03/25 - Solar farms on tenant farms, the wisdom of retired fishermen and supply chain fairness
The Tenant Farmers Association says the Government's decision to allow a solar project on farmland in Yorkshire is 'crushing' for farmers who rent land. Harmony Energy can now build a solar farm with battery storage on land owned by the Fitzwilliam Trust near Malton. The tenant farmers who currently farm there have campaigned for the past four years to halt the project. Fishing is facing a shortage of workers – fewer people are coming from the European Union to work, and many older fishermen who retire aren't being replaced. At South Devon College they're hoping to attract new recruits to the industry - we go to event in collaboration with the charity the Fishermen's Mission, where the older generation of fishermen met those just starting out or considering a career at sea. And we hear from the Agricultural Supply Chain Adjudicator. Farmers have long had concerns about the way supply chains work, saying they shoulder too much of the risk, and don't reap enough of the rewards. To help, an Agricultural Supply Chain Adjudicator has been appointed - in the first instance to enforce new rules aimed at improving transparency and fairness in the dairy sector. Similar regulations to cover pigs are expected this spring and then the plan is to look at eggs and fresh produce. Presented by Charlotte Smith Produced by Heather Simons
