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Decentralised renewables “needed more than ever”: Good Energy boss

Decentralised renewables are more essential than ever in fighting rocketing fossil fuel costs, the CEO of green power services specialist Good Energy said today. Nigel...

Octopus legs it deeper into Lincs, surfaces onshore in Germany

The quoted trust driving expansion for European renewables hyper-investor Octopus reached further into Lincolnshire’s biggest offshore wind farm this morning, at the same time...

Foresight Solar ahead 14.4%, half year to June

Solar electricity and storage investor Foresight Solar Fund advanced 14.4% in net asset value in 2022’s opening six months, it announced today. The nine-year old...

Speed up decarb efforts now and save “trillions” by 2050, Oxford study urges ...

Pushing still harder to decarbonise the world’s energy supply by 2050 promises to strip as much as $12 trillion – or £ 10.34 trillion...

Electric eel: Solar fund winds self a second time around battery specialist

Clean electricity investors Next Energy Solar Fund have formed a £ 200 million storage partnership, its second with grid-scale battery engineers Eelpower. Today’s deal doubles...

Bills crisis: Truss starts split of power prices from gas costs, protects oil extractors,...

The first act of Liz Truss’ government opened this morning, with the prime minister announcing her much-trailed package to ease the crisis of rocketing...

RES wins planners’ blessing for 100MW Durham battery

Clean energy developer RES has secured planning permission to progress a 99.9MW battery close to an existing substation near Spennymoor, County Durham. The mega-device is...

Plymouth in frame for Carlton Power’s third green H2 hub

Fresh from securing paper-maker Kimberly-Clark as a major off-taker for its proposed 35MW clean hydrogen hub in Cumbria, electrolysing specialist Carlton Power has its...

£327 million of new cash puts UK solar on track to double by 2030

The wall of money arriving to define Britain’s renewable sector this decade received another topping out this morning, with specialists Next Energy Capital announcing...

Octopus’ new investment partnership targets Britain’s biggest unbuilt grid battery

Building Britain’s biggest battery, capable of storing a day’s supply of renewable electricity for 235,000 Midlands homes, is on the to-do-list for Octopus Energy’s...

Investors Next Energy Solar Fund and Bluefield hike quarterly asset valuations

Solar electricity’s attractions as an investment class are highlighted again this morning, with two specialist funds reporting strong growth in asset value and returns. NextEnergy...

Bluefield scoops AR4 CfD contracts for 62.4MW of new solar

British renewable investors Bluefield Solar Income Fund have announced their receipt of Contracts for Difference (CfDs) covering 62.4MW of new planned capacity through the...

Sporty! Gridserve pit-stops to take on £200 million from M&G’s Infracapital

Solar-power-to-electric-wheels future-seekers Gridserve have secured an initial £200m equity stake from investment giant M&G’s infrastructure equity participant Infracapital. For the five-year old e-charging and EV...

Good Energy leads £9 million fundraising for Zap-Map to expand overseas

Clean power supplier Good Energy has helped Britain’s leading EV charging firm complete a £9 million fund-raising round, opening its doors wider to international...

BP profits top £7 bn for Q2, highest for fourteen years

Bernard Looney’s “cash machine” lived up to the BP CEO’s notorious characterisation this morning, as the fossil fuel super major posted its highest quarterly...

Octopus seeks £1 billion government loan as sole bidder for Hayden Wood’s collapsed Bulb

Privately held Octopus Energy is reportedly seeking a £1 billion taxpayer-funded loan to hedge supplies, among its conditions for its proposed £100 m takeover...

Pope backs worldwide call for ban on new pumping of fossil fuels

Pope Francis has given his backing for a global ban on new exploration of oil and gas resources. In the run up to CoP27 in...

Profits soar at Centrica & Shell  

Energy supermajors Centrica and Shell pleased investors today but antagonised customers and politicians, reporting soaring profits.   British Gas’s owner declared its first dividend for...

Octopus sucks in $550 million, stretches tentacles further

Existing investors are backing privately-held Octopus Energy Group by injecting a massive $550 million of new funds.    Expansions both territorial – deeper into continental...

Kwarteng approves Sizewell C on energy security grounds

Energy secretary Kwasi Kwarteng has overruled fears over bird preservation and water management at Sizewell C, granting permission yesterday instead for the £20 billion...