The Energy Institute said that the industry is “clear” that the government’s goal of meeting targets to use entirely clean power by the end of the decade “faces considerable hurdles”.
Sustainable finance could deliver a premium as banks retrench from fossil fuels: ING expects greater clarity on energy transition finance next year.
The Scottish government has announced plans to treble its investment in offshore wind to £150 million in 2025, finance secretary Shona Robison announced in Wednesday's budget.
ScottishPower and Shell have completed a consultation on their proposed 3GW MarramWind floating offshore wind farm.
The Xlinks Morocco-UK Power Project could help balance the UK grid and improve resiliency when it launches in the early 2030s, according to Xlinks chief executive James Humfrey.
Scotland needs to urgently change the way it heats its cities and towns to meet its decarbonisation targets, according to industry body Scottish Renewables.
The UK government’s 2030 clean power targets will take a “Herculean” effort from the supply chain, according to Yselkla Farmer, chief executive of energy infrastructure trade association Beama.
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Scottish ports are preparing to be hit by waves of investment worth billions of pounds as the UK continues to chase targets to reach net zero energy production.
With UK government backing, the market for low-carbon hydrogen may be poised for take-off.
Billions of dollars have been raised on promises of limitless power from nuclear fusion. However, the technology will not deliver affordable power within our lifetimes.
Blackburn-headquartered Vital Energi has announced that it is expanding its operations by opening new offices in Newcastle and Swansea while also increasing its existing presence in Glasgow. This comes on top of what Vital described as a “major” refurbishment of its Blackburn headquarters, increasing seating capacity by a third.
Projects that aim to speed up the energy transition in developing countries will receive a share of £79 million in UK climate finance, the Government has announced.
Commitments at this year’s UN climate talks are ramping up fast, though the conference in oil-producing Azerbaijan has been mired in controversy.
National Grid (LON:NG) reaped a 14% hike in underlying profit in the first half of 2024, prompting calls from the UK’s major union Unite for it to be nationalised.
Centrica's chief executive Chris O’Shea has warned that the UK government must avoid “perverse incentives” that encourage grid operators to leave power capacity unused.
The National Energy System Operator (NESO) has today concluded that the UK government’s mission to decarbonise the electricity grid by 2030 is “achievable”.
Highland councillors approved the latest renewable development despite concerns over its proximity to the Unesco world heritage site.
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
Danish energy giant Ørsted (CPH: ORSTED) has sold a stake in four of its UK wind farms to US energy investor Brookfield (NYSE: BEP) in a deal worth £1.745 billion.
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.
Inyanga Marine Energy Group said on October 24 that it was launching a crowdfunding round in order to raise funds for its HydroWing tidal energy technology.
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
BP PLC has warned that it expects profit margins to slump this quarter due to a fall in oil trading and is instead relying on an unlikely source of growth, electric vehicles, to steady the ship this year.
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.