Energy analysts welcome renewable plans but warn support for households still needed March 30, 2022 Onshore wind will provide the UK with long-term energy security but won't resolve this winter's energy crisis, according to energy experts.
Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis March 29, 2022 Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.
Oil prices plummet as Russia-Ukraine peace talks show signs of promise March 29, 2022 Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.
Polymetal weighs up Russian demerger after Ukraine invasion March 29, 2022 Polymetal International has confirmed it is "evaluating various options that could maximise shareholder value following a difficult trading period.
Ørsted sells 50 per cent stake in world’s largest offshore wind farm for £3bn March 29, 2022 Ørsted has offloaded a 50 per cent stake in the world's largest offshore wind farm for £3bn to AXA IM Alts and Crédit Agricole.
Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans March 29, 2022 Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.
EU and UK at loggerheads over wind farms as Commission launches WTO legal challenge March 29, 2022 The European Commission has launched a legal challenge against the UK's subsidy criteria for wind farms.
OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier March 29, 2022 OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.
No we will not pay for Russian energy in roubles, say united G7 as leading economies reject Putin demand March 28, 2022 Germany’s energy minister disclosed today that G7 countries have agreed not to give in to Moscow’s demand to pay for energy imports from Russia in roubles. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.” Habeck said that “payment in rouble [...]
EDF announces another delay to Hinkley Point C nuclear plant March 28, 2022 EDF has revealed it will have to announce new delays and cost overruns for its Hinkley Point C nuclear plant project in the UK.