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 [...]
Octopus boss: UK risks ‘falling behind’ without China energy ties Energy The boss of Octopus Energy has warned that the UK risks being “left behind” in the clean energy race if it fails to work more closely with China on renewable technology, claiming the country should not ignore China’s advances in wind and clean power manufacturing. He argued that collaboration could cut energy bills and strengthen [...]
Octopus sees ‘electric’ demand for shares in green energy projects Energy A new investment platform allowing consumers to purchase shares in green energy projects has sold out within its first week. Octopus Energy had initially offered investors the chance to buy holdings in two wind turbines via the platform, which is known ‘the Collective’. Such has been the level of demand for the scheme that the [...]
Wind turbine maker cuts 600 jobs as demand shifts December 11, 2024 A total of 600 jobs have been put at risk of redundancy by wind turbine maker Vestas, it has been confirmed. The business said employees at its Newport plant on the Isle of Wight have been told at least half of its manufacturing operation will be cut amid changing demand for turbine blades. Vestas said [...]
Scottish wind lifts SSE’s profit as boss says he will step down November 13, 2024 London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]
Orsted hikes guidance as boss hails Hornsea offshore wind farms November 5, 2024 The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to 23.6bn compared with the prior year.
BP puts US onshore wind power business up for sale September 16, 2024 BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
Lack of wind dents profit at one of EDF’s biggest UK windfarms September 3, 2024 A lack of wind has dented profit at EDF’s Dorenell Windfarm in Scotland, with turnover dropping by more than £20m in 2023, according to newly-filed documents. Dorenell Windfarm, a 59-turbine site south of Dufftown with the capacity to power more than 106,000 UK homes, saw its turnover slump to £56m during the 12 months, down [...]
UK’s largest electricity transmission project gets green light from Ofgem August 13, 2024 The £3.4bn Eastern Green Link Two, described as a subsea "superhighway," will run for 436km between Yorkshire and North-East Scotland.
GB Energy to work with Crown Estate to develop offshore wind farms, says government July 25, 2024 Britain’s newly created state-owned energy company, Great British Energy, is to partner with the monarchy’s property firm to help speed up the building of offshore wind farms.