News
News
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Viking Wind Farm: turbines ahoy!
Viking Wind Farm has achieved a major milestone with the installation of the project’s first wind turbine which will operate in the 4.3MW power mode. The wind farm, located in central Mainland Shetland, is believed to become the most productive onshore wind farm in the UK and generate 443MW of wind-powered electricity once fully operational. This […]
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German ex-nuclear town to become ‘hydrogen hub’
A German town that is known for its nuclear power has desires to become the country’s hydrogen hub. The Emsland nuclear power plant in Lingen has provided German homes with energy for 35 years – but the German government has now taken the decision to close all its nuclear plants, as it doesn’t see the […]
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British Gas switches off from Energy Switch Guarantee
British Gas has withdrawn from the Energy Switch Guarantee (ESG), a scheme The ESG is a collection of voluntary commitments that energy suppliers can make to ensure a hassle-free experience for customers when switching suppliers. The promise includes fixing any issues that may arise during the switching process, such as payment errors, at no cost […]
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Royal Bank of Canada crowned ‘largest fossil financier’
The Royal Bank of Canada (RBC) took top spot of the biggest financiers of fossil fuels in the world last year. That’s according to a report organised by Rainforest Action Network, claiming the bank has gone past JPMorgan to claim top spot. RBC provided $42.1 billion (£33.6bn) in funding for fossil fuel projects in 2022, […]
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‘Less Americans believing in climate change’
The number of Americans that believe that climate change is linked to humans has fallen from 60% five years ago to 49% now. That’s according to a survey by the Energy Policy Institute at the University of Chicago, revealing that 62% of US citizens are also unwilling to spend even $1 more each month on […]
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‘Road plans will stop net zero target’
Governmental plans to build new roads will see the UK’s net zero targets missed. That’s the claim of campaign groups that have come together to criticise the Department for Transport’s (DfT) plans, including Friends of the Earth and Transport Action Network. The pollution of hybrid vehicles was overlooked in the recent transport decarbonisation plan, which […]
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Global wind energy capacity to surpass the 1TW milestone this year
Global wind energy is set to reach the one terawatt (TW) installed capacity threshold by the end of 2023. That’s according to Wood Mackenzie’s latest market outlook, which predicts that the next ten years will see a sevenfold increase in offshore wind. The consultancy notes that Europe and China will account for almost 81% of […]
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‘Kazakhstan will miss its 2030 renewable target’
Kazakhstan is not on track to achieve its 2030 renewable energy target due to a lack of flexibility in generation. That’s according to GlobalData, which has said that the Central Asian nation will fall short of its decade-end aim to have 15% of its electricity made from clean energy. This target is a recent upgrade […]
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bp and Harbour Energy team up for Viking CCS project
bp and Harbour Energy have entered into an agreement to develop the Viking carbon capture and storage (CCS) and transportation project. The project is predicted to meet one-third of the UK Government’s target to capture and store up to 30 million tonnes of carbon dioxide annually by 2030. It has also the potential to unlock £7 billion […]
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Ofgem’s proposal to shock-proof energy suppliers with minimum capital requirement
UK energy regulator Ofgem has proposed new minimum capital requirements for domestic energy suppliers in a bid to boost financial resilience. Following a consultation, the regulator plans to introduce a capital floor of £0 adjusted net assets per customer from 31st March 2025 and a capital target equivalent to £130 adjusted net assets per dual […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas