UK energy giant SSE has confirmed it will complete the £500 million sale of its energy services arm to Ovo Energy today, clearing the way for the firm to focus on its renewable energy portfolio.
The opportunities and challenges of green energy investment have been gently simmering under the surface for decades. However, the past year has seen the temperature rise on environmental issues, which may have brought both the challenges and opportunities to a boiling point.
The sale of SSE’s domestic energy business to a rival has been cleared by the competitions watchdog.
SSE has confirmed that the sale of its supply business to Ovo Energy for £500m is part of a strategy to shift its focus towards low carbon energy.
Energy giant SSE has announced it will sell off its supply arm to Ovo Group for £500 million.
Investment in the UK tech sector has continued to surge, as British firms secured more foreign funding in the first seven months of 2019 than during the whole of 2018, according to new research.
Britain's energy watchdog is scrutinising suppliers over their complaints handling after finding more than half of customers remain unhappy with how grievances have been dealt with.
The Manor Formula 1 team has collapsed into administration after failing to secure fresh investment, putting hundreds of jobs and its participation in the new season at risk.