Ørsted enters European onshore market with purchase of €570m Brookfield April 16, 2021 Danish energy giant Ørsted has today made its first foray into the European onshore wind market with the acquisition of Brookfield Renewable Ireland (BRI). The Irish firm, which has a portfolio of 389 megawatts of capacity either fully developed or under construction, is valued at €571m (£497.5m). It also has a further 1 gigawatt of [...]
Crown Estate to launch new large-scale floating wind farm leasing round March 24, 2021 The Crown Estate has today announced that it is beginning work on a new leasing round for floating wind power projects in the Celtic Sea. Floating turbines are still an emerging technology, but if successful could enable wind farms to be built much further offshore. In December the UK announced that it would seek to [...]
Bulb calls on Treasury to scrap VAT on green products ahead of ‘tax day’ March 22, 2021 Challenger energy brand Bulb has today called on the Treasury to scrap VAT on green products in a bid to encourage more households to “go green”. According to the firm, which now supplies energy to 1.7m households, scrapping the duty on such items could save the average family £5,500. As a result of the UK’s [...]
Dale Vince interview: Forest Green Rovers chairman and green energy tycoon on climbing the football leagues while saving the planet March 19, 2021 With a large green Union Jack behind him and a casually dishevelled appearance, Dale Vince brings to mind the leader of some rebel republic when he appears on the Zoom call. Being cast as a revolutionary is nothing new to Vince. In business, the former New Age Traveller has turned once-leftfield ideas about green energy [...]
Apple spending from ‘green bonds’ hits $2.8bn March 17, 2021 Apple said this morning the tech giant allotted $2.8bn raised from ‘green bonds” funded 17 projects last year, which will generate 1.2 gigawatts of renewable energy. It said the projects will avoid an average of 921,000 metric tons of carbon emissions each year, which it said is equal to removing nearly 200,000 cars from the [...]
World must invest $131 trillion in clean energy to hit Paris targets March 16, 2021 The world must invest $131 trillion (£94 trillion) in clean energy resources over the next 30 years in order to hit the climate targets set out in 2015’s Paris accords. A new report from the International Renewable Energy Agency (IRENA) found that investment must increase $33 trillion from current plans over the coming decades if [...]
Boris Johnson rules out meat and carbon taxes ahead of COP26 climate pledges March 1, 2021 Prime Minister Boris Johnson has categorically ruled out introducing new levies on meat or carbon despite his net zero targets
UK growth helps Iberdrola offset Spanish power drop February 24, 2021 Spanish renewables giant Iberdrola this morning said that impressive growth in the UK helped balance out a fall in electricity demand in its home market due to the pandemic. The firm, which owns energy supplier Scottish Power, that the margins of the its UK business jumped over 40 per cent in 2020. This was largely [...]
Rishi Sunak urged to charge-up green investments in UK’s Covid recovery February 17, 2021 From the net zero transition to air pollution and electric vehicles, Chancellor Rishi Sunak is being urged to ramp up green investment as part of the Covid recovery. MPs on Parliament’s Environmental Audit Committee have set out guidelines for how Sunak can introduce more ambitious environmental measures. In the report, Conservative and Labour MPs criticise [...]
Zedify: Meet the firm trying to make our city streets greener February 15, 2021 The UK Government declared a Climate Emergency in the summer of 2019. There is no single definition of what action this mandates, but MPs have pledged to reduce the country’s carbon emissions by 80 per cent by 2050. Whilst not the ‘carbon neutral by 2030’ goal sought by campaigners such as Extinction Rebellion, it is [...]