Octopus grows wind portfolio with UK and German investments September 16, 2022 Octopus has expanded its onshore and offshore wind portfolio with two investments in the UK and Germany. The asset manager today announced it has acquired an additional 7.75 per cent stake in the Lincs offshore wind farm, while also buying the Leeskow facility in Brandenburg, north-east Germany. Lincs, which following the transaction represents almost 16 [...]
End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over September 15, 2022 Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Shares plunge for ITM Power as losses widen and CEO plans his exit September 14, 2022 ITM Power’s shares plunged nearly 25 per cent this afternoon after the energy giant posted widening losses and announced the news that its CEO was calling it quits. The green energy giant said in its full year results that gross loss hit £23.5m, ballooning from £6.5m in 2021. Although revenue jumped to £5.6m, compared to [...]
Atome Energy expands green hydrogen project with 75 acre site September 5, 2022 Atome Energy snapped up a 75 acre site for its green hydrogen production facility in Viletta, Paraguay for $900,000.
OEUK: UK must double wind turbine installation rates to meet energy targets September 4, 2022 OEUK argues the Government will have to at least double the rate of offshore wind turbine installations to meet its energy security goals.
Ofgem chooses bidder to operate connections for world’s largest wind farm September 2, 2022 Ofgem has selected the preferred bidder to operate the connection link serving the Hornsea 2 offshore wind farm.
Siemens Gamesa finalises sale of renewable assets to SSE for €613m September 2, 2022 Siemens Gamesa has completed the sale of its South European renewables development assets to SSE in a €613m deal.
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
Exclusive: Green groups call for red-tape cuts to ramp up onshore wind September 1, 2022 Environmental groups and green think tanks have urged the Government to cut red-tape blocking onshore wind projects.
Marsh launches world’s first dedicated hydrogen insurance fund August 22, 2022 Insurance broker Marsh today set out plans to launch the world’s first ever dedicated hydrogen insurance offering, to provide coverage for new and existing H2 energy projects. Marsh’s new fund will provide cover worth up to $300m per project in a bid to capitalise on a fast-growing sector that is set to see $150bn invested [...]