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Green energy

  • Government green job taskforce to support creation of 2m jobs

    November 12, 2020

    The government has today launched a green jobs task force to support the creation of 2m skilled jobs over the next decade. The new body will assess what the UK job market needs to do to adapt as the country seeks to transition to a net zero emissions energy system by 2050. It will create [...]

  • SSE joins net zero push with 2050 emissions pledge

    November 11, 2020

    Energy giant SSE has become the latest business to commit to reaching net zero emissions by 2050, it was announced this morning. Over 1,000 companies have already signed up to the “Race to Zero” campaign, placing their operations in line with efforts to limit global warming to 1.5 degrees. The Scottish business has already put [...]

  • Exclusive: Downing to raise £200m for renewable energy fund

    November 2, 2020

    Downing Renewables and Infrastructure Trust (DORE) will today announce a £200m capital raise in order to invest in a range of renewable energy assets. The fund will put money into a variety of clean energy sources, including hydro, solar, wind and geothermal power. The assets in question will be spread across the UK, Ireland and [...]

  • London loses crown as global green finance leader

    October 27, 2020

    London has lost its world crown for green finance quality, slipping behind Amsterdam and Zurich after more than two years at the helm, according to the latest Z/Yen index. In its 2020 Global Green Finance Index (GGFI) released to City A.M., the City of London think tank ranked 74 financial centres across the world for [...]

  • Boris Johnson to unveil £160m for offshore wind power

    October 6, 2020

    Boris Johnson will use today’s Conservative Party Conference speech to pledge £160m for developing offshore wind power as the UK attempts to “build back greener” after the coronavirus crisis. By 2030, the government is targeting developing enough wind power capacity to provide enough energy for the equivalent of every UK home. It is now looking [...]

  • Octopus wraps tentacles around US with Evolve Energy purchase

    September 29, 2020

    Challenger energy brand Octopus has today continued its international expansion with its first foray into the massive US market. The firm, which has grown rapidly since launching four years ago and now boasts 1.7m accounts in the UK, has bought American supplier Evolve Energy in a $5m (£3.9m) deal. The acquisition is the first step [...]

  • Boris Johnson: UK can be ‘launchpad’ for green industrial revolution

    September 24, 2020

    Boris Johnson has said that the UK will lead the world in the world in the transition to a net zero economy, saying that climate action cannot be “another victim of coronavirus”. Speaking to a United Nations roundtable on climate change this afternoon, the PM said that the UK will serve “as a launch pad for [...]

  • BP takes first step into offshore wind with $1.1bn Equinor deal

    September 10, 2020

    BP will make its first foray into offshore wind power after it today announced a $1.1bn (£845m) deal with Norwegian energy giant Equinor to buy 50 per cent of its US offshore operations. The acquisition is the latest step in the oil giant’s push into becoming a “integrated energy company”. It plans to develop 50 [...]

  • Greencoat Wind to buy SSE wind farm stake for £350m

    September 1, 2020

    Renewable investment fund Greencoat Wind will buy SSE’s 25.1 per cent stake in two wind farms off the coast of Cumbria for £350m.  The Walney wind farms, which are situated nine miles off the Cumbrian coast, have a capacity of 367.2 megawatts.  Danish power company Orsted holds a 50.1 per cent stake in the assets, [...]

  • Amazon unveils $2bn net zero venture capital fund

    June 23, 2020

    Tech giant Amazon today announced a $2bn (£1.6bn) venture capital fund to help the firm reach its commitment to be carbon neutral by 2040. The Climate Pledge Fund, as the initiative is known, will be used to back sustainable services and technologies that will allow Amazon and other countries to meet their climate targets. Last [...]

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