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Finance and investment

£400 million CCUS cement plant progresses in Wales

Building aggregates supplier Heidelberg Materials UK is pressing ahead with plans to spend £400 million, converting Britain’s first cement plant to run on carbon...

Gas over-reliance & connection delays force Gresham House to drop dividend, buy back shares

Gresham House Energy Storage Fund, Britain’s biggest investor in utility-sized batteries, is dropping its last quarter dividend for 2023, as it fights sluggish growth...

Morrisons & MFG prep £2.5 billion EV charging deal

Supermarket firm Morrisons has signed an understanding with Motor Fuel Group (MFG), framing Morrisons' sale of 337 petrol forecourts plus more than 400 associated sites...

EVs are single biggest green investment sector, Bloomberg finds, as world lags on Net...

Investments in the world’s switch to a low carbon economy surged 17% in 2023 to a record $1.77 trillion, but still run at around...

Councils hail Britain’s biggest solar deal, as Schroders swoops for failed Toucan’s £700m portfolio

Bankrupt Thurrock Council has sold its solar investments for £700 million, offloading the 513.5 MWp portfolio of collapsed developer Toucan Energy. In a transaction billed...

Clustered small firms share government prizes to de-carb operations

Twelve projects are each set to benefit from their share of up to £6 million in government funds targeted at stripping carbon from industrial...

Wasted wind costing £1bn a year? Green hydrogen can save it, urges Policy Exchange

Too slow deployment of grid upgrades and new storage technologies is costing Britain as much as £1billion a year in wasted renewable power, says...

Enviromena secures £200 million debt, swells 500MW pipeline

Berkshire-based renewable power developer Enviromena has agreed a £200m debt and construction facility with funders Close Brothers to fund its ambitions of building 500MWs...

Octopus invests £200m in Deep Green data centre heat re-use technology

Octopus Energy’s generation arm today announces a £200 million investment in London-based tech disruptor Deep Green to help it rapidly scale its groundbreaking technology...

GB power prices to remain high, despite drop in short-term forecasts: Cornwall

​​​​​​Analysts Cornwall Insight have cut their short-term power market price forecast by 12%, with average costs for 2024 now predicted to be £113 per...

Statkraft inks CPPA to supply Workspace from 20MW Devon solar farm

Europe’s biggest renewables generator Statkraft has agreed a ten year corporate PPA to supply a hosted office firm with solar power from the 20MW...

Ørsted signals final green light for Hornsea 3

Hornsea 3, at 2.9GW the world’s biggest projected wind farm, has won final construction approval from franchisee Ørsted, the developer’s directors confirmed yesterday in...

Octopus boosts global expansion as shareholders come clean with £625 million

Existing backers of privately held Octopus Energy, now ranked as Britain’s biggest supplier of home energy, have today pledged £625 million - $800 million...

Operators pledge 139 GW more next year to speed up grid decarbonisation

Britain's energy network operators have detailed their commitments to speed up generation and storage connections, pledging to deliver all of them during 2024. Grid companies...

Enfinium pledges up to £800 million for CCUS at Ferrybridge

Energy-from-waste generator Enfinium today promised new investment of up to £800 million in carbon capture (CCUS) technology, centred on one of its four UK...

UK energy may need £900 Bn to reach Net Zero; NatWest & Boston Group

More than £900 billion in new spending may be required to get Britain’s power supply networks to Net Zero by mid-century, a leading renewables...

SMEs and sustainability projects: financing incremental steps towards net zero

Ollie Finkill and George Littlewood, Siemens Financial Services in the UK explain how finance can enable SMEs to bridge the investment gap and realise...

Octopus’ ‘heavenly wind’ to fan £3 Billion into Europe’s offshore turbines

The generation arm of internationally expanding Octopus Energy today announced its first ever dedicated investment drive focused on offshore wind, primed with capital from...

National Grid’s £1.8 billion half year profits a “sham”, says union boss

Underlying profits of £1.8 billion announced today by National Grid for this year’s first half are a "sham", according to the head of Unite,...

Government’s wavering snags flex markets & thus Net Zero, REA concludes

Compared to our European neighbours, the UK has some of the most ambitious energy targets this decade, but faces almost unrivalled problems in reaching...