Doggone wind! Octopus shells out for offtake from world’s biggest offshore farm
Integrated generator-investor-retailer of low-carbon renewable electricity Octopus Energy has squirted marine ink over a deal to source nearly a quarter of its needs from...
Electricity to power rigs in 3 N Sea oilfields? Fossil giants ponder how
Another citadel in hydrocarbons’ hegemony over the energy industry appeared to totter this morning, after oil and gas majors BP, Equinor and Ithaca unveiled...
Thanks, Vladimir: Solar PV to replace coal as planet’s top power source by 2027,...
Renewables will be the world’s main source of electricity as early as 2027, the United Nations’ energy authority states bluntly today.
In its global survey...
Bobbing, off Cork: Octopus raises stake in turbine floater Simply Blue
Octopus Renewables Investment Trust first invested in the Cork-based group in August 2021, buying a 12% stake. Today’s purchase raises its interest to 15.5%. ...
Gas operating profits rise fourfold at SSE during six months to September
Operating profits from the gas and thermal energy division alone of vertically integrated generator-retailer SSE soared to £248million on an adjusted basis in the...
Rough guide to Easington: Centrica & Equinor ally to firm up Yorkshire’s H2 hub
Centrica and Norwegian energy giant Equinor have pledged jointly to push ahead with developing a hydrogen production hub at Easington on the Yorkshire/Humberside coast.
Currently...
Arven, Shetland! Floating Scots turbine project goes Mainstream
Leases have been signed to speed installation of 1.8GW of floating turbines off the Shetland Islands, one of 24.8 GW of new developments -...
UK floating turbines bob to all-time high
British investment in floating offshore wind schemes has hit record highs, buoyed by worldwide enthusiasm for the technology, a report out today reveals.
Experts at...
Gresham & Octopus: places in the sun, riffled by a German breeze
Two leading renewables investment funds today turned in sun-kissed, wind-burnished figures for 2022’s first half, storing up wealth for their backers.
Gresham House Energy Storage...
Kwarteng’s eased planning rules can “lower bills for all”, says Octopus’s Jackson
The founder of the UK’s biggest all-renewable energy retailer warmly welcomed chancellor Kwasi Kwarteng’s promise this morning to ease planning requirements on onshore wind...
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...
SSE Renewables blows into Mediterranean, pays Siemens-Gamesa £528m for 3.8GW of wind plays
Fast-growing SSE Renewables has completed the purchase of Siemens Gamesa’s 3.8GW portfolio of wind projects across southern Europe.
The clean power division of SSE, Scotland’s...
Scotland’s biggest wind farm plumbs world-beating depths to spin for first time
The first power has flowed from Scotland’s biggest offshore wind farm, the 1.075GW Seagreen project 27 kilometres off the nation’s east coast, south of...
Thirty GW by 2030: Ørsted deigns to deliver 48% steady state growth
Europe’s leading turbine spinners Ørsted today posted first half results that see the Danish operators advancing steady state earnings by nearly 50%, to the...
Octopus & public pension fund partners buy 12.5% of world’s biggest windfarm
Renewables mega-investor Octopus Energy Group is teaming up to pay a combined £400 million for a one-eighth stake in Hornsea One, the world’s biggest...
“1.3 TWh of UK wind generation wasted” due to lack of grid-scale storage, developer...
Failure to store renewable electricity during Britain’s escalating energy crisis wastes clean electricity that otherwise could be used by half a million homes a...
Crown Estate greenlights six AR4 turbine parks, as TRIG ups Hornsea One stake
Permits to develop six massive offshore windfarms totalling nearly 8GW in output have been issued by the Crown Estate, guardians of Britain’s continental marine...
CfD Allocation Round 4 results: Ørsted’s Hornsea 3, world’s biggest offshore wind farm, plots...
Almost £200 billion pounds of investment in Britain’s continuing green energy revolution are about to be released for nearly 11GW of new capacity, thanks...
Crown Estate bobs up likely licence zones for floating turbines in Celtic Sea
The independent body defining licencing zones for Britain’s coastal waters today uncorked plans to define operational patches of the Celtic Sea soon to see...