The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
Analysts have warned of a potential £5 billion funding hole in Chancellor Rachel Reeves’ proposals to finance the green prosperity plan.
UK-based developer 17 Energy Ltd. expects to bring its proposed 1 GW floating offshore wind farm off the Chilean coast 'to market' in 2028, co-founder Úna Brosnan told Energy Voice.
The UK is open to private sector investment in the still nascent carbon, capture and storage (CCS) industry, minister for energy security and net zero Philip Hunt told investors this week.
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.
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
Ministers said while speaking at the International Investment Summit today that the new government will turbocharge investment in green energy technologies and rip up red tape.
Energy secretary Ed Miliband told industry at the EnergyUK conference in September that reaching net zero, which the government wants to achieve by 2030, will be a matter of “national security”.
Prime Minister Keir Starmer said on Thursday that the government has secured more than £24 billion of private investment in domestic clean energy projects ahead of next week’s investment summit.
The UK government has today launched a new scheme designed to leverage investment in long-term energy storage capacity, which will operate as a ‘cap-and-floor' mechanism.
Energy unions and climate groups have joined forces to urge Chancellor Rachel Reeves to invest £1.9 billion a year in the energy transition.
Developer RWE Renewables UK has hired energy services provider Kent PLC to plan a high-voltage offshore substation platform for the Five Estuaries Offshore Wind Farm off the Suffolk and Essex coast.