‘The economics did not stand up’: Renewable auction fails to deliver any new offshore wind projects September 8, 2023 No new offshore wind farms have been commissioned in a key auction, dealing a blow to the Government’s hopes of decarbonising the UK’s electricity production. In the annual auction which lets companies bid to supply the grid with electricity, many onshore wind projects and solar farms bid to get a contract. However, no offshore wind [...]
Offshore wind auction expected to be major letdown for government’s green agenda September 7, 2023 The latest auction round for offshore wind is expected to be disappointing for the energy sector, with close to zero bids.
Zenobe secures £850m investment for its electric dreams September 7, 2023 Clean energy specialist Zenobe has secured over £850m investment, as it looks to expand its electric feet and infrastructure businesses.
Oil prices slide as holiday season ends and China’s economy weighs down prices September 7, 2023 Oil prices have dipped this morning with autumn approaching and expectations of easing jet fuel demand.
UK risks losing £100bn of energy projects unless it cuts high taxes and red tape September 7, 2023 The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body has warned.
Energy bosses defend prepayment meters despite Ofgem clampdown September 6, 2023 Energy bosses have called for the current ban on prepayment meters to be lifted, amid fears winter debts could spiral.
Tesco urges government to stick to net zero goals to boost business confidence September 6, 2023 Tesco boss Ken Murphy backed net zero, and has called on political parties to ramp up support for low carbon solutions for the food sector.
G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Sunak’s onshore wind U-turn fails to impress energy bosses September 5, 2023 Prime Minister Rishi Sunak's U-turn on onshore wind won't be enough to win over sceptical renewable developers, a top trade body has warned.
Gas prices nudge higher after Chevron workers vote to strike at Aussie LNG sites September 5, 2023 Workers at a key liquefied natural gas plant in Australia will engage in a full-scale strike for two weeks this month.