Wind

Offshore wind smashes price records in third CfD auction round

The UK’s offshore wind sector has smashed records for price in the government’s third Contracts for Difference auction round, with prices running as low as £39.65/MWh. The Department for Business, Energy and Industrial Strategy (BEIS) this morning unveiled the hotly anticipated auction results, confirming that 6GW of new offshore wind capacity will be delivered at

Financial crumbs: Chancellor slammed for meagre net zero funding

Chancellor of the exchequer Sajid Javid has been slammed by the green economy for adding just £30 million to the government’s net zero budget, a mere 0.1% of what is expected to be needed. Yesterday Javid, in his first official spending statement as chancellor of the exchequer, unveiled a raft of proposals in the government’s

Low-carbon energy makes majority of UK electricity for first time

Rapid rise in renewables combined with nuclear generated 53% in 2018 A rapid rise in renewable energy, combined with low-carbon electricity from nuclear reactors, made up almost 53% of generation in 2018, the government’s annual review of energy statistics revealed. Renewable energy sources set a new record by meeting a third of the UK’s power

The good, the bad and the ugly in the UK’s green finance crusade

If you missed last week’s launch of the UK Green Finance Strategy, it is entirely possible you’re not alone. The 80-page document may make for dry reading for all but finance diehards, but the issue it sets its sights on is consequential: the inescapable truth that the world is failing to invest in clean energy

Net zero legislation becomes law in landmark moment for green economy

The UK has today passed a legally binding net zero emissions target into law, becoming the world’s first major economy to do so. After passing through the House of Lords without challenge, this morning Chris Skidmore, stand-in energy and clean growth minister, signed legislation committing the UK to eliminate its greenhouse gas emissions by 2050.

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