Energy sector shows early support for Ofgem’s new financing rules July 27, 2023 The energy industry has shown initial signs of supporting Ofgem's announced capital adequacy reforms, following the collapse of 30 suppliers.
Ofgem toughens finance requirements for suppliers in latest market clampdown July 26, 2023 Ofgem has announced toughened capital requirements for suppliers, as it looks to ensure firms are resilient to future market shocks.
Floating offshore wind ripe for subsidies, Octopus’ renewable boss argues July 26, 2023 The government should target subsidies at emerging technologies where the UK can be a world leader, such as floating offshore wind.
AMTE Power secures fresh £1m loan from investors as it scrambles to avoid administration July 25, 2023 AMTE Power has announced a fresh loan facility from a US asset manager, an eleventh hour lifeline as it scrambles to secure its future.
Why Europe’s heatwave has not led to a solar power boom July 24, 2023 There will be no surge solar power generation from Europe's heatwave, with scorching weather unlikely to boost production levels.
Octopus Energy pledges £15bn investment in offshore wind by the end of the decade July 24, 2023 Octopus Energy will team up with institutional investors to spend $20bn (£15.6bn) on offshore wind projects over the rest of the decade.`
Shapps has fired the starting gun on UK nuclear hopes but there must be no more delays July 24, 2023 Grant Shapps turned up fashionably late to the launch of industry vehicle Great British Nuclear, but the country needs no more delays.
G20 fails to reach deal for slashing fossil fuels and ramping up renewables July 23, 2023 The G20 failed on Saturday to reach consensus on phasing down fossil fuels, following objections by some producer nations.
Ovo: Shareholders for UK’s fourth biggest energy firm invest further £200m as profits slump July 21, 2023 Ovo shareholders have poured an extra £200m into the owner of the UK’s fourth-largest energy supplier.
Former PM Liz Truss supports second backbench revolt over onshore wind July 20, 2023 The government is bracing for a fresh attempt from Conservative backbenchers, including former Prime Minister Liz Truss.