Why are energy bills higher in the UK than the rest of Europe? And what can be done about it?
Most of Europe has been brutally winded by the energy shortage currently plaguing the continent.
green energy
Mind the cap
Record-breaking commodity prices resulting in sky-high gas and electricity prices have prompted calls for fundamental market reform. The European Union (EU) announced in September 2022 that it is looking to impose historic interventions in the energy market to rein in soaring commodity prices, including considering a levy on excess profits and potential gas price caps.
Macquarie targets North Sea as the green energy hub of Europe
Macquarie Group is betting the North Sea - engine of the UK’s once-booming oil and gas industry - can be transformed into the green energy hub of Europe.
BP drafts in renewables heavy hitter to head up new offshore wind division
BP has made a number of senior appointments as it works to deliver its target of 20 gigawatts (GW) of developed renewables by 2025.
E&P Consulting branching out into renewables
An energy industry consultancy's diversification into renewables is expected to create new jobs in Aberdeen, London and other global locations.
Renewables giant Orsted reveals multibillion-pound plans for Scotland
Danish renewable energy giant Orsted plans to directly invest up to £12 billion in Scotland if it is successful with all five of its bids in the ScotWind offshore wind auction.
Developers celebrate ‘milestone’ after final turbine installed at Moray East
Developers of Scotland’s largest offshore wind farm are celebrating after the final turbine at the project was successfully installed.
Updated: Aker Offshore Wind promises ‘large early investment’ as part of planned 6GW north-east floating wind development
Ocean Winds (OW) and Aker Offshore Wind (AOW) have pledged to create thousands of high-skilled jobs in Scotland if they're given the green light to build what would be the UK’s largest floating offshore wind development off the north-east coast.
Nuclear industry calls for new sites on 65th birthday
Business leaders are calling on the Government to secure the future of the nuclear industry and support tens of thousands of jobs.
Thailand’s oil giant is going on a green spending spree
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.
Renewable energy investment rose to a record in first half
Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions.
Emissions could hit new record by 2023 without more green spending
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
Singapore prepares to swap its oil hub status for greener future
Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.
World’s biggest green energy hub proposed for Western Australia
The world’s largest renewables project has been proposed in Western Australia, covering an area half the size of Belgium.
New programme to ‘unlock £200m of public sector investment’ for net zero
A new investment programme has been launched which will eventually unlock £200 million of public sector investment to help Scotland achieve its net zero target.
UK and Indonesia trade dialogue opens green energy opportunities
The UK and Indonesia have announced the creation of a new joint trade dialogue that will open green energy opportunities for UK companies in Southeast Asia’s largest economy.
How investment in renewable power generation will strengthen Caribbean and Latin American economies
Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
Millions of pounds up for grabs for ‘shovel-ready’ green energy projects in north of Scotland
Scottish and Southern Electricity Networks (SSEN) Distribution has launched a search to find “shovel-ready” green energy projects.
UK on cusp of battery boom to boost renewable power supply
Developers of batteries in the UK have projects on the go that would increase the country’s capacity more than 14 times what it is today.
UK Government funding to support Scotland’s entrepreneurs could create ‘hundreds of green jobs’
The UK Government has freed up £11 million to help Scotland’s energy entrepreneurs turn their ideas into clean, green technologies.
Semco Maritime to invest ‘tens of millions’ in renewables operations
Danish engineering and contracting firm Semco Maritime has announced plans to sharply enhance its renewables offerings in the coming years.
Sweden says EU plan to hit world’s busiest green debt market
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Renewables firm Simec Atlantis unlocks potential £12m with share place agreement
Simec Atlantis has entered into a share place agreement with a US-based investor in a move that could raise as much as £12 million.
ReFLEX Orkney launches ‘ground-breaking’ green energy services
A “ground-breaking” new local energy company has been launched in Orkney as part of plans to support the “green industrial revolution”.
Andreas Nauen appointed chairman of WindEurope
WindEurope has elected Andreas Nauen, chief executive of Siemens Gamesa Renewable Energy (SGRE), as its chairman for the next 18 months.