News
News
-
NASA-backed £9m plant to produce advanced biofuels in Northern Ireland
Renovare Fuels, in collaboration with NASA, is set to open a £9 million biofuel plant in County Derry, Northern Ireland. The facility will produce nearly two million litres of renewable biofuels annually from landfill waste biogas. A first for the UK and Europe, the project is expected to create local jobs during construction and skilled […]
-
ING to end oil and gas financing by 2040
ING has committed to phase out funding for upstream oil and gas activities by 2040. The bank aims to reduce loans to upstream oil and gas activities by 35% by 2030, resulting in a 50% reduction in absolute emissions linked to its upstream portfolio (scope 1, 2, and 3). By 2040, ING aims to eliminate […]
-
EDF’s Tye Lane Solar Farm approved
EDF Renewables UK has received planning consent from the Mid Suffolk District Council for the Tye Lane Solar Farm, a 49.9MW solar project located northwest of Bramford. The solar farm aims to generate enough electricity for more than 14,500 households annually, saving approximately 17,100 tonnes of carbon dioxide emissions each year. In addition to environmental […]
-
Fuel prices drive drop in UK inflation
The latest data from the Office for National Statistics (ONS) reveals a notable decrease in the UK inflation rate, reaching 3.9% for the year to November. This dip surpasses expectations, marking the lowest inflation level in more than two years. A significant contributing factor to this decline is the reduction in average prices for both […]
-
Approval granted for solar panels at eight Yorkshire water sites
Planning approval has been granted for the installation of solar panels at eight Yorkshire Water sites as part of the company’s initiatives to meet ambitious carbon net zero targets. The selected sites, including wastewater treatment works in Harrogate, Staveley, Aldwarke, Old Whittington, Filey, and Bridlington, along with Belle Vue sewage pumping station, are among the […]
-
Ørsted approves ‘world’s largest’ offshore wind farm
Renewable energy company Ørsted has made the final investment decision for Hornsea 3, set to be the world’s largest offshore wind farm with a capacity of 2.9GW. Expected to be operational by the close of 2027, Hornsea 3 follows Ørsted’s Hornsea 1 (1.2GW) and Hornsea 2 (1.3GW) projects. Hornsea 3, awarded a Contract for Difference […]
-
Net Hero Podcast – Xmas special!
Well what a year it’s been. As we say goodbye to 2023, I thought I would look back on the stories I thought gave a real flavour of the state of net zero. As we end with a ‘sort’ of commitment to phase out all fossil fuels made at COP28, has it been a good […]
-
UK’s major energy suppliers gain customers in November despite dip
In November, the major energy suppliers in Britain showcased resilience in customer acquisition, registering net gains despite a notable 11% dip in changes of supplier (CoS) compared to the previous month. The completion of 239,000 switches marked more than double the figure recorded in November 2022, highlighting sustained activity in the energy market. That’s according […]
-
Nearly 228k electricity smart meters installed in November
The electricity smart meter rollout in Britain maintained its pace in November, recording 228,000 installations. This figure, while slightly less than the previous month, represents a 2% increase from November of the previous year. Notably, November marked the completion of the 22-millionth installation since the inception of the smart meter programme over a decade ago. […]
-
Price cap predicted to drop by 14% in April 2024
Forecasts for the default tariff cap in April 2024 indicate a 14% decrease, with a typical dual fuel consumer expected to pay £1,660 annually, reflecting a £268 reduction from January bills. This downward trend is anticipated to continue, reaching £1,590 in July before a slight increase to £1,640 in October, according to Cornwall Insight. The […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas