Octopus sees ‘electric’ demand for shares in green energy projects Energy A new investment platform allowing consumers to purchase shares in green energy projects has sold out within its first week. Octopus Energy had initially offered investors the chance to buy holdings in two wind turbines via the platform, which is known ‘the Collective’. Such has been the level of demand for the scheme that the [...]
Wind turbine maker cuts 600 jobs as demand shifts Energy A total of 600 jobs have been put at risk of redundancy by wind turbine maker Vestas, it has been confirmed. The business said employees at its Newport plant on the Isle of Wight have been told at least half of its manufacturing operation will be cut amid changing demand for turbine blades. Vestas said [...]
Lack of wind dents profit at one of EDF’s biggest UK windfarms Energy A lack of wind has dented profit at EDF’s Dorenell Windfarm in Scotland, with turnover dropping by more than £20m in 2023, according to newly-filed documents. Dorenell Windfarm, a 59-turbine site south of Dufftown with the capacity to power more than 106,000 UK homes, saw its turnover slump to £56m during the 12 months, down [...]
Pylons, wind turbines and why the public love green infrastructure May 21, 2024 The Conservatives are wrong to assume that just because the ‘liberal elite’ support something most people oppose it. Most voters support green infrastructure like wind turbines in their local area and the polls prove it, says Chris Curtis Ever since David Cameron decided to cut the “green crap” in 2013, the UK hasn’t been properly [...]