The UK Government has allocated funding to a consortium to develop a low carbon installation vessel for the floating offshore wind market. The UK Government has allocated funding to a consortium to develop a low carbon installation vessel for the floating offshore wind market. Led by Morek Engineering, the...
Schroders Greencoat has acquired the UK’s largest solar portfolio from Toucan Energy. The £700 million transaction involves 53 operational solar farms across England, Wales and Northern Ireland. Schroders Greencoat has acquired the UK’s largest solar portfolio from Toucan Energy. The £700 million transaction involves 53 operational solar farms...
Ireland has achieved a wind power milestone last year, setting a new record by generating 35% of electricity through wind farms Irish wind farms set a new record by supplying 35% of the country’s electricity in 2023, totalling 13,725 gigawatt-hours (GWh). The figures, detailed in Wind Energy Ireland’s annual report...
Last year, nearly 2.32 million energy supplier switches were recorded, a noteworthy surge from the previous year’s 1.3 million Energy supplier switching witnessed a 78% increase in 2023, totalling 2.32 million switches, up from the previous year’s 1.3 million. This rebound occurred after historic lows during the energy price crisis. In December...
Integrating 20GW of long duration energy storage by 2050 could save £24 billion, according to a new report Highlighting the significance of long duration energy storage (LDES) in the GB power system, LCP Delta’s analysis points to an expected surge in renewable energy in 2035. The study indicates a potential excess...
The government has introduced the Pumpwatch scheme, which mandates all fuel stations to disclose real-time pump prices Fuel retailers are set to face a new regulatory requirement as the UK Government unveils the Pumpwatch scheme, compelling them to share near-live information on pump prices. The initiative aims to enhance...
Annual energy bills for a typical household are expected to fall by £268 in April, a new forecast suggests. Consultancy firm Cornwall Insight says bills could drop to £1,660 under the official price cap set by the UK's energy regulator Ofgem. The energy price cap limits how...
Gas remained a significant electricity source last year however its usage hit a low not seen since 2015. In the year 2023, gas continued to play a significant role as the largest fuel source for electricity generation in Britain. However, despite its status as the primary contributor, the use...
In 2022, the EU saw an increase in the share of renewables in its gross final energy consumption, reaching 23% Renewable energy comprised 23% of the total energy consumed in the EU in 2022. This marks a 1.1 percentage points (pp) rise from 2021. The revised Renewable Energy Directive has elevated...
Solar power in the US has outpaced all other energy sources and accounted for 42.1% of new domestic generating capacity in 2023, according to new data US solar contributed 10,937MW of new generating capacity in 2023, representing 42.1% of total additions. This signifies a 34.4% increase compared to the...