Tories call Miliband’s latest offshore wind push ‘a vanity project’ Energy Ed Miliband has reaffirmed the UK’s ambitious 2030 clean power goal with the biggest ever expansion of offshore wind farms that could add as much as £1.8bn a year onto households’ energy bills. The government unveiled an auction of offshore energy sites with a total capacity of 8.4 gigawatts, far outstripping analyst estimates and enough [...]
GB Energy given five years to turn a profit Politics The boss of Great British Energy has been given a five-year target for Labour’s flagship state-owned energy company to become “profitable”, MPs have been told. Juergen Maier, who was appointed chairman of GB Energy in June, was asked at the Commons energy security and net zero committee whether he had a timeline on profitability. He [...]
Ashtead Technology posts ‘record’ half year as it eyes more deals Tech Ashtead Technology said it achieved a “record” performance in the first half of the year as it looks to build out its merger and acquisition (M&A) pipeline. In the six months ended 30 June 2024, the subsea equipment rental and provider for the offshore energy industry posted a 61 per cent year-on-year increase in revenue [...]