Final grant agreement reached for £130m Blyth subsea cable facility
JDR Cable Systems has secured financial support for a new “state-of-the-art” subsea cable manufacturing facility in the north-east of England.
UK Export Finance (UKEF)
One year on: exporting away from fossil fuels and towards a greener future
Just over one year ago, the UK ended financial support for fossil fuel projects overseas. This meant ending export finance, aid funding and trade promotion for new crude oil, natural gas or thermal coal projects.
Challenging policy on climate change grounds
In a recent judicial review decision, two judges in an English court considered an application by Friends of the Earth (FoE) to quash UK Export Finance’s (UKEF) decision to provide export finance to the Mozambique LNG Project.
Friends of the Earth vows to continue fight against UKEF on Mozambique LNG
A legal challenge by Friends of the Earth (FoE) to Mozambique LNG has split opinions among High Court judges.
‘The message for industry is: if we can go faster, let’s go faster’
A panel of government and industry representatives highlighted the need for early engagement across the offshore wind sector if target capacity and UK export opportunities are to be realised.
Winch Energy races against time to deliver solar power
To make real progress in bringing power to those without in sub-Saharan Africa, interested parties will have to provide much more cash.
High Court challenge to Mozambique LNG funding begins
A case has begun this morning in the High Court as Friends of the Earth (FoE) challenges the UK government’s support for Mozambique LNG.
Jobs, cash and power, it’s all on the line for Africa’s COP26 hopes
Climate change is a global problem but some areas have more to lose, particularly those in the developing economies.
UK missing power opportunities on transition requirements
The UK’s decision to restrict export funding for overseas energy projects is harming the country’s own suppliers, while not having an impact on hydrocarbon use.
Plans unveiled for £130m subsea cable manufacturing facility
Plans have been unveiled for a state-of-the-art subsea cable manufacturing facility, designed to boost the UK offshore renewables sector.
First Subsea to expand Aberdeen operations after securing offshore wind contracts worth £12m
First Subsea is to expand its north-east operations after securing a number of major offshore wind contracts.
Matching needs and opportunities between Scotland and Africa
Scotland’s approach to trade with Africa is changing, driven by new commercial pressures, COVID-19 and the energy transition.
ORE Catapult and UKEF join forces to boost renewable exports
UK Export Finance (UKEF) has formed a new partnership with the Offshore Renewable Energy (ORE) Catapult in order to promote renewables companies abroad.
UKEF boss stresses importance of supply chain in accelerating energy transition
A change of approach is needed to ensure the UK can reap the benefits of the energy transition, according to a senior government official.
Q&A with UK Export Finance: taking advantage of renewable export opportunities
This year, the government will host COP26, the UN’s global climate change conference, and share how we will reach net-zero emissions by 2050.
US focus on climate change meets mixed African reactions
The US administration has set out plans to cut financing for hydrocarbon developments, while African states are doing what they can to secure energy projects.
FoE wins review on UKEF’s Mozambique LNG support
The UK government will face questions in court over the legality of its support for Mozambique LNG, following a win for Friends of the Earth (FoE).
UKEF considering FPSOs in Brazil, pipeline in Uganda
As the period for comments on UK Export Finance’s (UKEF) plans close, a campaigning group has highlighted a number of hydrocarbon projects in which the agency may play a role.
Biden signals US shift from financing fossil fuels globally
US President Joe Biden has signed an executive order to tackle climate change, as part of which the US will move away from funding fossil fuel-based energy internationally.
UK hits brakes on foreign hydrocarbon lending
The UK government intends to halt funding for hydrocarbon projects overseas on the five-year anniversary of the Paris Agreement.
Scottish firm awarded multi-million pound wind farm contract
A Scottish manufacturing firm has snapped up a multi-million pound contract to support construction work for a major North Sea wind farm.
UK Government could support 42,000 jobs annually by 2035 by switching focus to renewables
The credit export wing of the UK Government could support tens of thousands of jobs in the coming years if it switches its focus from oil and gas to renewables, according to a new study.
Plunge in to African hydropower
A number of options have been suggested to address Africa's need for electricity, but hydropower has often been overlooked.
UK to review fossil fuel lending
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.