SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
Macquarie plans to take full ownership of National Grid’s gas unit after increasing stake July 19, 2023 An investor-consortium led by Australia’s Macquarie Asset Management has upped its stake in the National Grid’s gas transmission business and plans to take full ownership “in due course”. Macquarie, along with British Columbia Investment Management Corporation, snapped up an additional 20 per cent in the gas business, the company said today. The investment takes the [...]
Global electricity demand expected to slow as recession fears take hold, says IEA July 19, 2023 Global growth in electricity demand is expected to slow this year, the IEA predicts, amid the energy crisis and an economic downturn.
Energy suppliers could have to hand money back to customers in Ofgem price cap review July 19, 2023 Ofgem could order suppliers to pass money back to customers this winter as part of its latest review of the price cap.
Severn Trent invests up to £1bn amid increasing scrutiny on water suppliers July 19, 2023 Severn Trent expects to invest up to £1bn this year improving its infrastructure amid increasing scrutiny on the crisis-hit sector.
Woodside misses revenue estimate but sticks to guidance July 19, 2023 Australian No.1 oil and gas producer Woodside Energy said second-quarter sales tumbled due to weaker commodity prices and maintenance work.
Rio Tinto warns of global slowdown risks amid production issues July 19, 2023 Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations.
Government planting less than half its target of trees, say MPs July 19, 2023 The government is planting less than half of its annual target of trees, raising concerns about how it will meet its nature goals.
National Grid completes £1.7bn subsea cable project connecting UK to Denmark July 18, 2023 National Grid has boosted the UK's green energy hopes, after completing the world's longest land and subsea interconnector.
Mega UK Jaguar Land Rover battery plant could be announced this week July 18, 2023 The government is on the cusp of securing a long-term deal from Tata Group to build a new range of EV Jaguar and Land Rover models.