Work is poised to begin on creating the world’s biggest tidal energy scheme in the Pentland Firth after a funding deal was agreed.
The £50million investment in the Meygen project was hailed last night as key to cementing the north as a “global leader” in the sector.
Growing demand for electricity and falling costs for wind and solar power mean more renewable- energy projects will be commissioned this year in sub-Saharan Africa than were added from 2000 through 2013.
Vestas Wind Systems upgraded its margin forecast and reported a third consecutive quarterly profit, reinforcing a turnaround at the world’s largest wind turbine maker.
Aberdeen’s Mintra Training Portal – one of Europe’s largest providers of learning, training and competency services to the oil and gas industry – has clinched a £1million contract as the firm moves into the Asian market.
UK natural gas jumped to the highest in almost two months as demand for the fuel in power generation is set to strengthen amid declining supply from wind, coal and nuclear plants.
The evolution of technologies that harness the waves and tides for generating electricity is taking longer than hoped and costing more money than expected, a report showed.
Siemens AG, Europe’s largest engineering company, said Chinese offshore wind investment has failed to match expectations and that it’s evaluating growth prospects in the country.
China and Brazil are looking for ways to redirect a global climate debate, which they say unfairly accuses developing nations of delaying limits on fossil-fuel pollution.
Drax Group fell the most in three and a half months after the UK Court of Appeal ruled one of its power-generating units is not eligible for a government contract that pays guaranteed electricity prices for 15 years.
Infinis Energy, a renewable-power company backed by Guy Hands’s venture capital fund, said it is holding off on a decision on whether to build two wind farms until Scotland decides whether it will remain part of the UK.
China, the world’s biggest carbon emitter, accelerated solar power installations in the first half, adding enough capacity in the period to equal Australia’s entire supply of power from sunlight at the end of last year.
Glasgow organisers have predicted a key renewable energy conference will start to grow attendance numbers again after relocating from its home in Aberdeen.