Octopus Energy reaches £1.5bn valuation amid Japan plans
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
Renewable energy
Boris Johnson’s wind energy plan needs $58bn from industry
Boris Johnson’s plan to quadruple the size of the U.K. offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.
OPITO marks strategic shift with launch of new training standards for renewable energy workforce
Global skills body OPITO has marked a “strategic shift” in the business after it made its first move into the renewable energy industry.
Hornsea Two monopile installation to start next month
Work to install monopiles for what will be the world’s largest offshore wind farm are due to get underway in the coming weeks.
Industry expert warns Scotland needs to act fast to stay at forefront of floating wind
The boss of one of Scotland's leading renewable developments has warned the country needs to be proactive if it’s going to maintain its places as a "world leader" in floating wind.
Scottish Government announces £100m Green Jobs Fund
The Scottish Government has unveiled a £100million Green Jobs Fund as the country aims to make a low-carbon recovery from Covid-19.
Wind and solar double global share of power in five years
Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming.
Report shows fossil fuels still make up 90% of Shell and Total’s capital expenditure
Shell and Total are being urged to put their money where their mouth is after a new report showed the pair are still investing much more in hydrocarbons than renewable energy.
European energy businesses announce new partnership and lay out Scottish offshore wind ambitions
A trio of European energy businesses have announced a new partnership with the aim of developing offshore wind projects around the Scottish coastline.
Wood makes £160m cost savings, increases renewables work during Covid-19 crisis
Aberdeen-headquartered energy services firm Wood has announced multi-million pound cost savings and an increased renewable energy contracts since the start of 2020.
UAE firm wins multi-million jacket contract for mammoth Seagreen offshore wind project
United Arab Emirates-based firm Lamprell has been announced as one of the contract winners to manufacture jackets for a mammoth Scottish offshore wind development.
‘We want to hear a Scottish voice’ on every overseas renewables project, trade body chief says
A future vision for exporting energy sector talent would “hear a Scottish voice” on every overseas renewables project, according to a trade body boss.
Renewable energy powers 40% of UK as it outstrips oil and gas for first time, analysis shows
Renewables generated more than 40% of Britain's power in the first three months of the year - overtaking fossil fuels for the first time, analysis shows.
Scottish North Sea wind farm to resume construction after Covid-19 stoppage
A £2 billion Scottish wind farm development is to resume construction after the project was halted following the coronavirus pandemic.
EY report: Renewables ‘safer-haven for long-term investment’ as UK jumps up attractiveness index
Renewables could be a “safer-haven for long-term investment” if the UK continues to shoot up the global clean energy attractiveness index, a new EY report has claimed.
Transition to renewable energy at risk in Asia Pacific
Over the past five years, the Asia Pacific region made up over three-quarters of global power demand growth, and led the world in wind and solar capacity installations.
Green response to Covid-19 crisis ‘will deliver more jobs and financial returns’, economy experts claim
Ensuring measures to boost economies after the pandemic are "green" will create more jobs and better financial returns, as well as tackle climate change, experts have said.
Honest conversations required about renewable energy post-crisis
After this crisis, there will be an opportunity to have an honest conversation about the future. The truth is that, despite the fact that there is almost universal acceptance of the need to move to a completely renewables-based electricity supply, it has been becoming increasingly difficult to invest in Scotland’s most successful renewable technology: onshore wind.
Vattenfall to build its UK’s largest onshore wind farm in Scotland
Swedish renewable energy firm Vattenfall is set to build its largest UK onshore wind farm in Scotland.
Mainland link approval forces giant Shetland wind project to show ‘sufficient evidence’ of plans
A giant Shetland wind farm project has received a significant shot in the arm after an energy regulator said it is ready to rubber stamp proposals for an energy link with mainland Scotland.
Total scoops 20% share of awards in French solar tender process
French oil and gas giant Total has scooped 20% of solar power awards during the most recent tender process.
‘Large majority’ of future renewables projects could be in Scotland, analysts suggest
A "large majority" of future renewable energy projects could be based in Scotland, according to analysts for a energy research firm.
Renewable power expansion continues to outpace fossil fuel growth, new data shows
Renewable energy accounted for the lion's share of global power expansion last year, outstripping oil and gas growth by more more than double.
Share of renewable energy production hits record high in Scotland
North Sea oil and gas ‘must be part of economic response’ after Covid-19 outbreak, union warns
North Sea oil and gas “must be part of the response” to Scotland’s economic woes once a solution to the coronavirus outbreak has been found, a trade union has said.