Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
Energy secretary Ed Miliband told industry at the EnergyUK conference in September that reaching net zero, which the government wants to achieve by 2030, will be a matter of “national security”.
The wait for pumped storage hydro cap and floor clarity continues as government says industry will learn more ‘in due course’.
ETZ Ltd has awarded £1.47 million in grants to ten North East Scotland firms as part of the Challenge Fund focused on driving the energy transition and creating jobs.
SSE has reached a major milestone on its Coire Glas pumped storage hydropower scheme with the completion of exploratory tunnelling in the Scottish Highlands.
The pumped storage hydro specialist will lead the next stages of £2bn Glen Earrach Energy project on Loch Ness as the new UK government prepares funding framework for the autumn.
SSE has formed a joint venture with Gilkes Energy to push development of the Loch Fearna pumped storage hydropower scheme in Scotland’s Great Glen.
Exploratory ground works are under way at the site of the £500 million Cruachan power station expansion in Arygll.
The “net zero economy” - from renewables and electric cars to green finance - grew 9% in 2023 to contribute £74 billion to the UK, a report has shown.
The Labour Party needs to find at least £8 billion ($10 billion) to deliver its green-investment plan, a new analysis shows, underscoring why UK opposition leader Keir Starmer may be mulling changes to the initiative.
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
David Rodger, the former head of Aberdeen Renewable Energy Group (AREG) has joined renewable energy firm Statera Energy.
Ofgem has issued a fine of nearly £10 million to SSE Generation after an investigation found it solicited ‘excessive’ payments for reducing output from its Foyers hydro scheme.
The UK Government must do more to support pumped hydro storage projects, Humza Yousaf has said.
Argyll and Bute Council is objecting to a £500million proposal for a second power station at Cruachan Dam, Loch Awe.
Exploratory works for a long-awaited pumped hydro storage project have commenced at Loch Lochy in the Great Glen in the Scottish Highlands.
Drax says it has taken a “significant step forward” in plans to build the UK’s first new pumped storage hydro plant in almost 40 years, with the beginning of preliminary works at Cruachan this week.
Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power grid by 2040.
Ethiopia has begun generating power from its controversial Grand Ethiopian Renaissance Dam (GERD).
TotalEnergies has signed a memorandum of understanding (MoU) in Rwanda ahead of a final investment decision (FID) in Uganda tomorrow.
Masdar aims to be the world’s largest renewable energy company in the world, with a 100 GW target by 2030.
An unidentified group attacked workers at the Zungeru hydropower plant, in Nigeria’s Niger State, killing security guards and injuring workers.
A hydropower plant in Zimbabwe is taking the local utility to international arbitration over a dispute on what currency should be used in payments.
A new A$2 billion ($1.54 billion) Queensland Renewable Energy and Hydrogen Jobs Fund will be established to expand on the previous A$500 million Renewable Energy Fund in the Australian state.