The U.K. government will publish draft strike prices tomorrow outlining how much renewable project developers will earn for each megawatt-hour of power they produce, a Liberum Capital Ltd. analyst said.
Severn Trent Plc, Pennon Group Plc and United Utilities Plc are offering refuge to investors after the sell-off in global stock markets because the U.K. water providers have stable, inflation-linked earnings, analysts say.
Centrica Plc is close to buying a stake in shale gas fields in England, a person with knowledge of the matter said, placing the U.K.’s largest energy supplier at the center of efforts to start producing the fuel.
Kuwait’s sovereign wealth fund and a Canadian infrastructure investor are discussing a bid for Severn Trent Plc, the U.K.’s second-largest publicly traded water company that’s valued at almost 5 billion pounds ($7.6 billion).
Iberdrola SA and National Grid Plc awarded Siemens AG and Prysmian SpA a 1 billion-pound ($1.6 billion) contract to build an undersea link to transmit renewable power between England, Wales and Scotland.
The U.K. plans to force onshore wind developers to compete head-to-head for the first time with solar generators when they bid for green power subsidies as the nation seeks to reduce the cost of renewable energy for consumers.
Scotland’s nationalist government is facing demands from companies to spell out policies for independence as the U.K. presses for an early vote on whether the country should break with the 305-year-old union.