Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans March 29, 2022 Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.
EU and UK at loggerheads over wind farms as Commission launches WTO legal challenge March 29, 2022 The European Commission has launched a legal challenge against the UK's subsidy criteria for wind farms.
OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier March 29, 2022 OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.
No we will not pay for Russian energy in roubles, say united G7 as leading economies reject Putin demand March 28, 2022 Germany’s energy minister disclosed today that G7 countries have agreed not to give in to Moscow’s demand to pay for energy imports from Russia in roubles. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.” Habeck said that “payment in rouble [...]
EDF announces another delay to Hinkley Point C nuclear plant March 28, 2022 EDF has revealed it will have to announce new delays and cost overruns for its Hinkley Point C nuclear plant project in the UK.
Downing Street calls on public sector bodies to review contracts with Russian energy suppliers March 28, 2022 The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.
British Airways is the first airline to take delivery of UK sustainable jet fuel March 28, 2022 British Airways has become the first airline to use sustainable aviation fuel produced in the UK on a commercial scale.
Spotting an opportunity: Nigeria exploits anti-Moscow sentiment as oil giant offers to replace Russian gas in UK and Europe March 28, 2022 Nigeria has said it is ready and prepared to provide the UK and Europe with much more gas than it currently does in order to offer an alternative to Russian gas, according to a government minister. Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, told various media cross Africa his country is ready to [...]
Oil prices tumble as Shanghai shuts down amid surging Covid-19 cases March 28, 2022 Oil prices dipped four per cent on both major benchmarks this morning following Shanghai's launch of a two-stage lockdown to combat Covid-19.
Octopus Renewables Investment Trust calls for clearer direction in government energy strategy March 28, 2022 ORIT has reported a 9.3 per cent growth in NAV and fully covered dividends in its full-year results following multiple new deals.