Payback periods as low as six years on new rooftop solar means up to 19 years of free power now for property owners who install panels, academics at the Energy & Climate Intelligence Unit have calculated. With UK rooftop installations now running at a reported 8,000 per month, consumers adopting PV are responding rationally to price signals
Documents show the fossil fuel industry ‘has no real plans to clean up its act’ and took steps to continue business as usual Some of the world’s largest oil and gas companies have internally dismissed the need to swiftly move to renewable energy and cut planet-heating emissions, despite publicly portraying themselves as concerned about
With the payback time of rooftop solar panels now just six years, households could benefit from 19 years of “essentially free” electricity during the remainder of their lifespan, according to the Energy and Climate Intelligence Unit (ECIU). Solar farms are becoming ever more cost efficient, costing a low of £54 per MWh. This is much
DNV has released a new report which indicates the UK is set to miss its 2050 net zero target and has called on industry and government to mobilise a clear roadmap to attain the mid-century goal. Revealed in its UK Energy Transition Outlook (ETO), DNV indicated that although the UK is making waves in the
Oil and gas companies are betting on a future in which their production pushes global heating beyond 2.5C, a new report reveals. Shell, TotalEnergies and Chevron are among the majors which recently approved $166 billion (€157bn) of investment in new oil and gas fields over the next decade, according to financial think tank Carbon
The UK government is to relax its de facto ban on onshore wind following growing pressure from MPs. It is to consult on changes to the national planning policy it has announced, following “positive engagement with MPs.” In November, Simon Clarke MP, the former Secretary of State for Levelling Up, Housing and Communities, put forward
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
Harnessing solar energy via PV and a battery energy storage system (BESS) in a mid-terrace home, compliant with the Future Homes Standard 2025, could see savings of around £40,000 over their lifetime, Solar Energy UK has said. Solar PV and a co-located BESS could help increase savings across the board in the UK,
The CEO of SSE has warned that the Government's windfall tax damages the economic viability of running hydroelectric plants during certain periods of time. The head of SSE has warned that Chancellor Jeremy Hunt's new windfall on energy companies could threaten the UK's energy security, as the firm may be forced to reduce its electricity output to
The European Commission today proposed a temporary emergency regulation to accelerate the deployment of renewable energy in the face of the energy crisis and the knock-on effects of Russia’s invasion of Ukraine. Scheduled to last for one year, the proposal will remove administrative red tape around permitting and deployment, allowing renewable energy sources to