Kwarteng questions if windfall tax will end
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.
Renewable energy
Energy transition requires extra $1.75tn a year – report
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.
UK National Wealth Fund to ‘turbocharge’ green technology
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
Octopus says it will invest £2bn in UK clean power projects by 2030
Octopus Energy has said it aims to invest £2 billion in UK clean energy projects between now and 2030.
Scotland re-elected for leadership role in global climate network
John Swinney has said that Scotland has “big ambitions” on climate change after the country was chosen for the third time to help lead a global climate action network.
UK gas plants kept offline by wind and solar
UK gas-fired power plants are running at their lowest hours of operation since 2017 owing to high levels of wind, solar and imports from Norway and France into the national grid.
Ed Miliband says Labour will take on clean energy ‘blockers’
Net Zero Secretary Ed Miliband has vowed to “take on the blockers, the delayers, the obstructionists” to build clean energy infrastructure.
AR6 delivers six tidal stream projects with UK pipeline ‘confidently growing’
Six UK tidal stream projects have secured funding as part of the sixth Allocation Round (AR6) renewables auction in an “important step forward” for the sector.
A strategic vision for investment and innovation in wave energy
Mocean Energy's Cameron McNatt outlines a strategic vision for wave energy in the UK, and the role GB Energy could play.
Equinor to downsize renewables unit, begins talks with unions
Equinor ASA will downsize its renewables unit and is beginning discussions with unions regarding employees at the division.
UK wind sector powers past 30 GW as Shetland’s Viking project connects to grid
The UK renewable sector has reached a "historic milestone" with more than 30 GW of wind generation capacity deployed for the first time.
Ten North East energy supply chain firms share in £1.5 million ETZ funding
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.
Norway’s wealth fund marks €900 Million for CIP renewables fund
Norway’s $1.7 trillion sovereign wealth fund committed to invest €900 million ($1 billion) in Copenhagen Infrastructure Partners’ fifth flagship fund, the first time it will take an indirect stake for its unlisted renewable energy infrastructure portfolio.
Labour policy ‘blitz’ on clean energy backed by public, polling suggests
The Government’s clean energy policy “blitz” is getting noticed by the public and appears popular, polling suggests.
CKI nears deal to buy UK wind farm assets from Aviva
A consortium led by CK Infrastructure Holdings Ltd. agreed to buy a portfolio of wind farms in the UK from Aviva Plc’s asset-management arm as the conglomerate backed by Hong Kong tycoon Victor Li considers London among second listing venues.
Transparency from carbon assessment methodology could help halve embodied carbon of offshore wind
Over recent months, the UK government has been consulting on the introduction of Sustainable Industry Rewards (SIRs) (formerly non-price factors) such as supply chain sustainability, capacity building, skills, and innovation to the 2025 auction round of its contracts for difference (CfD) scheme.
Statkraft revises plans for Mossy Hill wind farm on Shetland
Renewable energy developer Statkraft is revising the design of its Mossy Hill Wind Farm on Shetland, submitting plans for fewer, taller turbines.
Inverness firm 4C Engineering wins £260k from two wave energy competitions
Inverness firm 4C Engineering has received close to £260,000 from two separate wave energy funding competitions organised by the Scottish and US governments.
UK government ups AR6 renewable energy budget to £1.5 billion
Offshore wind developers will vie for £1.1 billion in funding under AR6, with budget boosts for floating wind and tidal projects as well.
Apollo toasts offshore renewables innovation recognition in ‘watershed’ year
Aberdeen engineering consultancy Apollo is celebrating its innovation success in offshore renewables in a "watershed" year for the company.
SSE Renewables generation up 60% year-on-year
UK energy firm SSE (LON:SSE) saw a 60% increase to its renewables output for the first quarter of 2024, largely due to a return to "more normalised weather conditions".
How graduate apprenticeships will help fill the UK’s renewable energy skills gap
As the UK accelerates its transition to renewable energy, a critical challenge emerges: the growing skills gap in the sector.
How Highland Council is seeking to secure at least £4 million community benefit boost from renewables developers
Proposed fund aims to maximise economic benefit from natural environment and resources.
Catan: New Energies pits fossil fuels against renewable energy
In the latest edition of the classic board game Catan, players must avoid climate catastrophe while choosing between fossil fuels and renewables.
Labour says Scotland’s wave energy potential being ‘squandered’ by Holyrood and Westminster
The Scottish Labour party claims Scotland's wave and tidal energy potential is being "squandered" by governments in Holyrood and Westminster.