SSE boss issues UK energy supply warning as firm may slash output due to windfall tax
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
Europe’s Wind Energy Industry Has Hit A Rough Patch
Major wind turbine makers are reporting massive losses and laying off swaths of employees. Siemens CEO sees supply chain snarls as a major challenge to future growth. European wind companies have also financially overextended themselves. Why isn’t wind power
Highest uptake in solar panels for five years as UK homeowners raced to beat the energy price hike
The number of solar panel systems installed at UK properties leaped by 10 per cent — 110,000 — ahead of last month's energy price hikes, new analysis by Savills reveals. The year to the end of September saw the
EU plans to fast-track solar permitting via emergency regulation
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
Cost of living: Swansea estate cuts bills by generating energy
Access to solar panels and a home battery has reduced energy bill worries for Nikita Harris on one of Europe's largest green retrofit projects. "Where I used to worry going to bed, I don't have to worry now," said
Rough reopens boosting UK’s gas storage capacity by 50% ahead of winter
Centrica has officially reopened the Rough gas storage facility, increasing the UK’s storage capacity by 50%. It gained consent from the North Sea Transition Authority in August to reopen the site situated off the East Yorkshire coast. It subsequently undertook significant engineering
World close to ‘irreversible’ climate breakdown, warn major studies
Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits The climate crisis has reached a “really bleak moment”, one of the world’s leading climate scientists has said, after
Shell posts £8.2 billion in profit for Q3 but pays no windfall tax
Shell has posted profits of £8.2 billion ($9.5 billion) in Q3 2022, but has paid no windfall tax. This is more than double what the oil and gas major made in the same period during 2021, when it made
Statkraft predicts ‘significantly’ more solar PV in Europe following Ukraine invasion
Europe solar’s annual capacity will “significantly” increase after the invasion of Ukraine, according to a report from energy giant Stakraft. The company’s latest Low Emissions Scenario estimates that solar PV installs will rise to 45-52GW per year towards 2030, up from