News
News
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Dutch Government demands early closure of coal power plant to cut emissions
The Dutch Government has demanded the closure of a 650MW coal-fired power plant four years earlier than initially planned. The news comes after the District Court of The Hague last year ruled the government must reduce its greenhouse gas emissions by at least 25% by the end of 2020. Operator Vattenfall said early closure of […]
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Norway’s $1tn fund to cut oil and gas investments
Norway’s sovereign wealth fund, worth $1 trillion (£0.76tn), is expected to sell stocks in oil and gas exploration companies. The government is proposing to sell companies which explore and produce oil and gas, with the aim to “reduce the vulnerability of our common wealth to a permanent oil price decline”. Companies classified as exploration and […]
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EU concerned E.ON’s buyout of innogy could increase prices for consumers
The European Commission is concerned the proposed acquisition of innogy by E.ON from RWE could lead to an increase in prices for consumers. It also has concerns the deal could reduce competition in retail markets for electricity and gas in several member states and has therefore launched an in-depth investigation. E.ON and RWE, which has […]
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Thailand’s renewable future looks sunny with floating solar plans
Thailand has unveiled plans to build the world’s largest floating solar farm. Bloomberg reports the state-run Electricity Generating Authority of Thailand (EGAT) is looking to build floating solar farms with a combined capacity of more than 2.7GW – the biggest will be a 325MW plant at Sirikit Dam, which is scheduled to be completed by […]
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Statkraft launches 1GW virtual power plant in UK
Statkraft has launched a 1GW virtual power plant in the UK to help bolster grid flexibility. The Norwegian state-owned energy giant says the infrastructure, which is made up of a mix of renewables, battery storage and flexible gas generation, will combine output from power sources in real-time and compare this data against the energy markets. It […]
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Nottingham Council seeks self-supply retail water licence
Nottingham City Council has submitted an application to Ofwat for a self-supply licence that would allow it to provide its own retail water services. The move is expected to enable the council to access wholesale water prices and secure cost savings of 10% a year, alongside the introduction of a Water Efficiency Loan Scheme (WELS) […]
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NIC seeks views on future of infrastructure resilience
The National Infrastructure Commission (NIC) is inviting views on the resilience of the UK’s infrastructure network. It has launched a consultation as part of its new study, commissioned by the Treasury, which will examine the actions that should be taken by government to ensure the nation’s infrastructure can cope with future changes, disruptions and shocks. […]
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Nissan LEAF becomes first EV to sell more than 400,000 units
More than 400,000 Nissan LEAFs have now sold, making it the best-selling electric vehicle (EV) of all time. The Japanese carmaker isn’t going to slow down down after hitting the new milestone – it has announced the LEAF will go on sale in more than a dozen new markets this year. Originally introduced in 2010, […]
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Ireland offers €6m for energy efficient buildings
The Irish Government has launched a fund of up to €6 million (£5.2m) for the design, construction and management of energy efficient buildings. Successful public and private sector applicants will currently be in the design phase of planning capital projects for new or existing buildings. Participants must follow the Sustainable Energy Authority of Ireland’s (SEAI) […]
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Is Rolls-Royce seeking to offload its civil nuclear business?
Rolls-Royce is reportedly looking to sell the majority of its civil nuclear business in a deal that could be worth around £200 million. The Sunday Times reported the company has hired KPMG consultants to find a buyer for its nuclear division. The proposed move is believed to be part of Rolls-Royce’s Chief Executive Warren East’s […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas