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...
Roofs shine over school & Shoreham port, as Brighton Energy Co-op raises £700k in...
Sussex-centred green power volunteers Brighton Energy Co-operative have given the lie to fears of "investor fatigue” in raising funds for accountable, socially engaged power...
Co-op a look, Donald! UK’s biggest community-owned wind farm half way to spinning citizen-controlled...
Four of eight permitted turbines have now been erected at a pioneering new wind farm in Kirkoswald, Ayrshire, on Scotland’s south west coast.
Together rated...
Centrica’s £65m strengthens Gresham’s & UKIB’s joint pledge on storage
Manager of green energy assets Gresham House and the state-owned UK Infrastructure Bank have confirmed their six-month old partnership to invest in collocated renewable...
Amazon primes 39 new renewables projects in Europe this year, delivers 1GW
More solar PV atop its UK distribution centres and data warehouses is among 1GW of new renewable generating capacity added by Amazon so far...
Tag taps 3 banks for £70m to set 100MW battery humming near Drax
Global clean energy enterprise TagEnergy has secured a debt package to finance its next UK-based battery energy storage system (BESS) project under an innovative...
Octopus winds down £90 m of Polish wind, Leg-ias it out of Warsaw
Octopus’ asset holding investment trust ORIT has signed conditional terms, enabling it to reap substantial profits on two Polish wind farms.
Net proceeds of the...
SME-to-SME trades of clean solar power ‘cuts bills by up to 90%’ on Suffolk...
Over 140 companies on an industrial estate in Mildenhall, Suffolk, reckon their local market trading low carbon electricity is slashing bills by between 20%...