BP profit warning a bellwether for change
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.
renewables
The resilient energy systems of tomorrow demand changes to gas infrastructure today
From now to 2050, global electricity demand is set to double from current levels. At the same time, the world must reduce carbon emissions to make progress towards net zero. If we are to do this, the most pragmatic step we can take is to respond to the demand for power by building new plants while simultaneously decarbonising our existing energy infrastructure.
INTERVIEW: National Grid chief strategy and regulation officer, Ben Wilson (1/2)
Energy Voice speaks to Ben Wilson, chief strategy and regulation officer at National Grid, to gauge the operator’s view on the challenges at the core of the energy transition.
Litigation in transition: Energy sector disputes and the role of legal finance
The transition from fossil fuels to renewable energy is fundamental to decarbonising the global economy and mitigating the impacts of climate change. However, this shift also brings a higher risk of disputes across various business activities – disputes that are likely to be many and varied given the magnitude of the infrastructure and technology involved.
Scottish renewable energy jobs grew 70%, research suggests
Analysis from Global Witness shows Scotland’s renewable energy jobs grew 70% between 2015 and 2022, according to latest Office of National Statistics (ONS) estimates.
Adopting an integration approach to accelerate climate goal progress
As we near the end of 2023 with energy transition at the fore of the COP28 conference, it is a good opportunity to reflect on current actions being taken to reach net zero.
What’s happening with the oil and gas skills passport?
Backed with up to £5m from the Scottish Government, the delayed skills passport is not expected until well into the new year.
Electricity Generator Levy: New UK renewables projects to be exempt
Meanwhile capital allowances on investments — a form of tax relief designed to ease upfront costs — will remain in place, in a boon to renewables developers.
Scottish Government downgrades estimate of European offshore energy share
Ministers now say Scotland has around 10% of European Union offshore energy potential, down from previous claims of 25%
Decom Mission targeting greater project visibility amid sector challenges
The decommissioning sector is facing a myriad of challenges including inflationary pressures, skills shortages and a lack of project visibility according to Decom Mission, the Aberdeen-based trade body representing the industry.
Updated: Orsted plunges on abandoned US wind plans, $4 billion writedown
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
World’s top renewable firms reel even as installations surge
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
New 6.7MW Ecosse Solar Park opens in Forfar
A new 20-acre solar park has opened in Angus in the Northeast of Scotland, boosting green energy production in the local area.
Goldwind profits plunged even as wind power surges in China
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
New ‘state-of-the-art’ tidal turbine blade manufactured by FastBlade in Scotland
A new 'state-of-the-art' tidal turbine blade has been manufactured in Scotland for the first time, and engineers say it could reduce the levelised cost of tidal energy (LOCE).
New York awards contracts for three offshore wind projects
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
Scottish Renewables says action needed to maintain UK position as ‘world leader’
Scottish Renewables is calling on the UK government to take urgent action to maintain the country's position as a 'world leader' in renewables.
Aurora Energy acquires US wind turbine firm in first international takeover
Inverness-headquartered Aurora Energy Services has acquired US wind turbine blade repair and maintenance specialist Cotech Group in its first international takeover.
UK fund proposed to respond to US Inflation Reduction Act
The UK will fall further behind the US on green technologies without a national investment fund to help turn start-ups into the companies of tomorrow, a leading think-tank has warned.
Effective supply chains fundamental to just transition
Just a few weeks ago, the UK’s Energy Transitions Commission stated: “Rapidly scaling sustainable, diversified, and resilient clean energy supply chains is key to achieving net-zero targets on-time and at as low a cost as possible”.
Winser Report: UK can build new power lines in half the time, top adviser says
Electricity transmission line construction can be cut to 7 years from 14 years, says Nick Winser in his report delivered Friday.
Shell explores sale of stake in renewables unit
The deliberations come as CEO Wael Sawan focuses the company’s investments on fossil fuels.
Big Oil’s green retreat helps clear the way for everyone else in renewables
Big Oil won’t be missed by its renewable power competitors.
Shell demands profits from green energy unit, not just CO2 cuts
Shell (LON: SHEL) executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the less successful elements of its clean-energy strategy.
Where we’re going with skills mix: a new paradigm for a sustainable energy future
The next few years for the renewable energy sector will look very different from the decade just passed! At a recent event dubbed ‘Green Energy Day’ or ‘Energy Security Day’, the UK Government unveiled its plans for ‘Powering-up-Britain’ by sharing its package of green energy policies aimed at fast-tracking the UK’s net zero target whilst also ensuring a balanced energy mix to ensure security of supply.