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-
SSE trumpets Beatrice benefits
via renews.bizNEF Consulting report finds 588MW project could add £1.3bn to UK GDP -
Renewable energy passes 30% of world’s electricity supply
via theguardian.comReport says humans may be on brink of cutting fossil fuel generation, even as demand for electricity risesRenewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures.A report on the global power system has found that the world may be on the brink of driving down fossil fuel generation, even as overall demand for electricity continues to rise. Continue reading... -
BP right to hold steady on climate targets despite below forecast profits | Nils Pratley
via theguardian.comAlthough chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returnsThe market’s guessing game at BP is waiting for Murray Auchincloss, the chief executive who has been in post permanently only since January, to blink. That is to say, waiting for him to tone down climate targets and decide to pump more oil and gas than planned.Tuesday was not the day. BP’s first-quarter numbers were slightly weaker than the mar -
Tidal, wave sector gains momentum
via renews.bizTidal, wave sector gains momentum -
UK issues turbine lifts safety notice
via renews.bizUK issues turbine lifts safety notice -
EBRD injects €46m into Romanian wind farm
via renews.bizEBRD injects €46m into Romanian wind farm -
Hitachi Energy to support US transmission link
via renews.bizHitachi Energy to support US transmission link -
Octopus Energy valuation hits $9bn
via renews.bizOctopus Energy valuation hits $9bn -
European Energy proceeds with ‘open door’ projects
via renews.bizEuropean Energy proceeds with ‘open door’ projects -
Clean energy manufacturing investment hits $200bn
via renews.bizClean energy manufacturing investment hits $200bn -
Bow Terminal provides Noirmoutier TP storage
via renews.bizBow Terminal provides Noirmoutier TP storage -
UK Power Networks Services acquires renewables assets
via renews.bizUK Power Networks Services acquires renewables assets -
Exus snaps up 51MW Spanish wind project
via renews.bizExus snaps up 51MW Spanish wind project -
‘EU must double grid capacity by 2035’
via renews.biz‘EU must double grid capacity by 2035’ -
German offshore wind measurement campaign commences
via renews.bizGerman offshore wind measurement campaign commences -
Yunlin resumes turbine installations
via renews.bizYunlin resumes turbine installations -
EnBW plans €40bn boost for energy transition
via renews.bizEnBW plans €40bn boost for energy transition -
Record number of public EV chargers installed in UK
In the first quarter of 2024, the UK experienced a surge in installing electric vehicle chargers, with nearly 6,000 new chargers added to the infrastructure.According to data from Zapmap published by the Department for Transport, approximately 1,500 were rapid chargers capable of charging a car in under an hour.
By April 1st, the total number of public chargers in the UK reflected a 49% increase compared to the previous year.
The post Record number of public EV chargers installed in UK appeared -
Falling power prices hit Statkraft Q1 profits
via renews.bizFalling power prices hit Statkraft Q1 profits -
BP to slash costs by $2bn
via renews.bizBP to slash costs by $2bn -
Rovco, Vaarst to recruit 150 workers by 2025
via renews.bizRovco, Vaarst to recruit 150 workers by 2025 -
MSPs urged to tackle Scotland’s cold homes crisis
Members of the Scottish Parliament have received a call to action this week, urging them to set aside political differences and collaborate in addressing the pressing issue of fuel poverty.
In a letter sent to all MSPs on Monday, leading civil society organisations coordinated by the End Fuel Poverty Coalition and Energy Action Scotland underscored the urgent need to combat the cold homes crisis affecting over 400,000 Scots.The letter emphasises that the crisis is particularly severe among the m -
bp’s first quarter profits fall below expectations
bp has disclosed its financial performance for the first quarter of 2024.
The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin.
This figure represents a decline from the $5 billion (£3.9bn) profit recorded in the same period last year.
The decrease in profit was attributed to lower oil and gas prices, as well as an unexpected outage at one of bp’s refineries in the US.Murray Auchincloss, the chief ex -
Global solar PV manufacturing capacity meets decade’s net zero targets
Global manufacturing capacity for solar PV is already aligned with the targets set for this decade on a net zero pathway, with battery capacity not far behind, according to a new report by the International Energy Agency (IEA).The report, titled “Advancing Clean Technology Manufacturing,” reveals that global investment in the manufacturing of key clean energy technologies surged to $200 billion (£159bn) in 2023, marking an increase of over 70% from the previous year.
This inves -
Energy giants face MPs over household bills
Major British energy suppliers, including E.ON, Centrica, and Octopus Energy, will appear before Members of Parliament to discuss energy bills for domestic customers during a session hosted by the House of Commons Energy Security and Net Zero Committee.The session will take place on Wednesday.
The witnesses scheduled to attend the session include Chris Norbury, CEO at E.ON; Chris O’Shea, CEO at Centrica; Rachel Fletcher, Director (Regulation and Economics) at Octopus Energy; and Tony Green -
Ofgem wraps up consultation on energy price cap
Britain‘s energy regulator, Ofgem, has completed its consultation on the energy price cap, initially introduced in January 2019 to protect consumers on variable tariffs.
Since 2022, the cap has undergone quarterly revisions, prompting Ofgem to assess potential modifications to ensure fairness amidst the shift towards net zero.
Options explored include incorporating time-of-use or vulnerability considerations into the price cap and implementing measures to restrict supplier margins.
The con -
Good Energy implements ‘hourly matching’ for business customers
Image: Pete Williams of The Soil Association (left) with Leeways commercial manager Jack Griffin and production director Anthony Marshall at their solar farm
The Soil Association, a Bristol-based charity, has partnered with Good Energy in an initiative known as ‘hourly matching’, aiming to provide detailed insight into the organisation’s power sources aligned with renewable energy like solar farms.This step enhances transparency in carbon reporting, countering ‘gree -
Irish wind fleet 'delivered stellar April'
via renews.bizIrish wind fleet 'delivered stellar April' -
North Sea drilling to extend beyond net zero
North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration.
These licences, allocated to fossil fuel companies, are projected to extend production until as late as 2060, marking an extension of approximately two decades beyond previous estimates.The North Sea Transition Authority (NSTA) has issued 51 additional licences since October – in total, these licences will empower off -
BOEM approves Beacon Wind suction bucket tests
via renews.bizBOEM approves Beacon Wind suction bucket tests
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