Budget reaction: Hunt’s £1 billion still disappoints clean generators
Leaders of Britain’s current & future energy industry have reacted coolly and in widespread disappointment to yesterday’s Spring Budget.
Extending Contracts for Difference funds underpinning...
Decarbonising social homes: NW & W Midlands lead, South East & West woeful
New government statistics show that delivery of projects to strip out carbon from public housing under the government’s Social Housing Decarbonisation Fund (SHDF) remains...
Elexon poised to direct suppliers’ cash towards new nukes
A change in rules for financing new nuclear capacity leaves trading platform Elexon preparing to play a key role in supporting expansion of the...
Cable builder launches in-house Scots centre to train apprentices
The start-up aiming to wire up Europe's longest subsea cable-link as part of a £16 billion venture to import Moroccan sun and wind power...
Ofgem likes LionLink & Tarchon interconnectors, consults on six more
Plans for two high voltage cable links to Europe which could help power millions of homes have been recommended for approval by energy regulator...
Green economy booms by 9%, with ‘hotspots’ in electoral battlegrounds, CBI finds
Key battleground seats to be contested in this year’s General Election are three times more likely to be hotspots in Britain’s switch to Net...
New boss for Morocco-to-Devon solar & wind venture
Xlinks, developers of a £16 billion scheme to pipe solar & wind power from Morocco to Britain, have a new CEO.
James Humfrey, pictured, has...
British Gas profits surge tenfold, Centrica reveals
Shareholders at Centrica, owners of British Gas, will benefit by £144 million in dividends, as the UK-focused subsidiary today revealed profits soaring to £751...
Penso allies to enter Italian storage market
Utility-scale storage developer Penso Power is venturing for the first time into Italy’s power market.
The company already has operations in Britain and Australia. Now...
Labour ‘to drop £28 billion green spending pledge’
Clean energy leaders & Labour politicians have reacted with dismay tinged with resignation at reports that the party if re-elected later this year will...
Government ‘eases off’ on fines for installers missing heat pump goals; reports
Heat pump manufacturers look to have persuaded D-ESNZ to abandon what looked to become heavy cash penalties if they fail from this spring to...
Standing charges are suppliers’ stealth tax on SMEs, trade body charges
Too many energy retailers are using rocketing standing charges as a ruse to inflate bills for small firms, according to lobbyists at the Federation...
Drax preps US-based BECCS division to speed global carbon removal
Biomass energy leviathan Drax is targeting global leadership in carbon removal, as it sets up an independent unit to drive development of its new-build...
Downing buys 5 Swedish hydro dams
London-quoted investment trust Downing Renewables Infrastructure DORE has paid £6 million to complete the purchase of five hydropower plants in Sweden.
The dams, including one...
Two million “will disconnect from energy” this winter because they can’t afford to top...
New analysis from Citizens Advice has found that more than two million people across the UK will disconnect from their gas and electricity this...
Britain heads Europe’s offshore turbine boom, says trade group
2023 was the best year on record for new marine wind power across Europe, trade body WindEurope reports. A total of 4.2GW of offshore...
Sizewell C meets councils’ demands, opens way to construction
Backers of the Sizewell C nuclear project have initiated its Development Consent Order (DCO), clearing the way for construction to begin at the new...
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...
Ministers seek ‘fourfold’ nuclear leap forward, Britain’s biggest in 70 years
The government today signalled its ambitions to increase nuclear capacity fourfold to 24GW by 2050, a leap billed as Britain’s biggest in 70 years.
Construction...
Disinformation tops Global Risks 2024 as environmental threats intensify
Drawing on nearly two decades of original risks perception data, the World Economic Forum’s Global Risks Report 2024 warns of a global risks landscape in which...