Monarchy’s funding recalculated after boost to Crown Estate’s revenue from wind farm deals July 20, 2023 The Sovereign Grant – which is used to fund the monarchy’s official duties – will make up just 12 per cent of the Crown Estate’s net profits next year, down from 25 per cent, the Treasury has announced. The change has been introduced following a significant boost in the Crown Estate’s profits from offshore wind [...]
Wind farm with potential to power 1.5m UK homes halted as industry urges government to bolster supply chains July 20, 2023 Plans to build a new UK offshore wind farm that could have powered up to 1.5m homes have been halted today amid concerns over rising costs.
SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
Global electricity demand expected to slow as recession fears take hold, says IEA July 19, 2023 Global growth in electricity demand is expected to slow this year, the IEA predicts, amid the energy crisis and an economic downturn.
Government launches SMR competition to revive nuclear’s role in UK energy mix July 18, 2023 Government ambitions to boost nuclear's flagging role in the country's energy mix will be supported with a new industry vehicle.
UK’s second largest offshore wind farm given the green light July 13, 2023 Hornsea Four, one of the UK's biggest offshore wind farms has finally been given the go-ahead by government.
Consumer behaviour change essential for reaching net zero, UK’s electricity system operator warns July 12, 2023 Britain will struggle to reach net zero carbon emissions over the next three decade unless consumers are prepared to change their consumption behaviour, according to the latest study from National Grid's electricity system operator (ESO).
Rachel Reeves: Labour’s fiscal rules ‘non-negotiable’ July 9, 2023 Rachel Reeves has vowed Labour’s fiscal rules are “non-negotiable” as she pledged that her party would “never play fast and loose with the public finances”. Discussing Labour’s plans to invest £28bn a year into green jobs and industry, which has since been watered down, the shadow chancellor said she was “confident” Labour could meet this [...]
Starmer speech interrupted by climate activists calling for ‘green new deal’ July 6, 2023 Sir Keir Starmer’s speech on education reform was interrupted by protesters calling for a “green new deal.”
Renewables warning: ‘Race to the bottom’ on production prices risks destabilising entire wind industry July 4, 2023 The energy sector has urged the government not to pressure renewable producers into generating power at lower prices.
