BP eyes finalising sale of solar arm to Kuwait-backed wealth fund Energy Oil giant BP is in advanced talks to sell its solar power business to an investor backed by Kuwait’s sovereign wealth fund as it moves away from pushing net zero. Private equity firm Qualitas Energy, and Wren House, the infrastructure arm of Kuwait Investment Authority, have joined forces to bid for Lighthouse, BP’s solar business. [...]
Grid operator issues fresh heatwave warning over power supplies Energy The energy grid operator has warned that the “extreme temperatures” from this week’s heatwave could hit power supplies on Thursday night, as households’ use of fans and air conditioner place a record strain on our electricity system. The National Energy System Operator (Neso) issued a rare overnight notice calling on energy companies to generate additional [...]
Wickes profit doubles as DIY firm bets on solar Retail Home improvement retailer Wickes has doubled its profit as the firm positions itself to become a leader in solar panel installation. The firm took revenue of £1.6bn, up six per cent, and pre-tax profit grew from £23m to £49m, in the year to December 2025. Wickes was promoted to the FTSE 250 last year, as [...]
SSE: Windy conditions boost company’s renewable energy output July 18, 2024 Energy giant SSE has committed some £20bn to a multi-year investment plan covering a string of UK major projects.
Square Mile and Me: So Energy’s Simon Oscroft on disrupting the energy industry July 18, 2024 Simon Oscroft, CEO and co-founder at So Energy, takes us through his career, from serving Ray Wilkins to shaking up the energy sector.
US Solar Fund survives vote to kill trust May 22, 2024 In the trust's annual general meeting yesterday, 35.4 per cent of investors voted for it to wrap up.