Renewables

Renewables at risk in Scotland

Renewables at risk in Scotland

Scotland may have to look towards an energy mix focused on the use of fossil fuels, as its renewable industry is left exposed to Brexit and Treasury cuts to green subsidies. The growth of the sector is heavily dependent on government support. However, as the UK Treasury cut green subsidies […]

Uncertain future ahead for planned UK tidal projects

Uncertain future ahead for planned UK tidal projects

Plans to create tidal lagoon power projects, worth £10 billion, could collapse after the Treasury has vowed to tighten its grip on green subsidies until energy bills ease. Documents from last week’s Autumn Budget have revealed the government’s will not introduce any new “green taxes” until 2025 to protect consumers […]

US solar manufacturing not expected to cause job creation boom

US solar manufacturing not expected to cause job creation boom

A bankrupt company in Georgia is looking to drive US solar manufacturing, however the highly automated process is not expected to provide large numbers of jobs for the industry. Following bankruptcy, Suniva Inc., the solar panel manufacturer, had to lay off a large number of workers but is hoping to […]

Energy leaders concerned over closing storage facilities

Energy leaders concerned over closing storage facilities

The UK’s largest energy users have written to the government to address energy security following the closure of the biggest storage site in the country. In a letter to energy secretary, Greg Clark, leaders of trade associations asked the government to reassess its energy supply crunching due to the risk […]

Over-reliance on renewables threatens UK energy security

Over-reliance on renewables threatens UK energy security

According to a new study, the energy system in the UK will become increasingly susceptible to British weather as a result of the rise of wind and solar power. The study by Bloomberg News Energy Finance (BNEF) projects that half of all electricity will come from wind and solar by […]

EDF shares drop 6% after cut in profit forecasts

EDF shares drop 6% after cut in profit forecasts

Shares in the French state owned EDF have fallen by more than 6% after profit forecasts were cut for 2018. Earnings before interest, tax, depreciation and amortisation are now expected to be in the range of €14.6 billion to €15.3 billion, compared to its previous estimates of at least €15.2 […]

Vestas shares dive following concerns over GOP tax bill

Vestas shares dive following concerns over GOP tax bill

Shares in the world’s largest wind turbine manufacturer, Vestas, have plummeted 20 per cent after it lowered its profit guidance following the proposed cuts in US subsidies. The wind industry has been unsettled since the introduction of the Republican tax bill earlier this week, which will promote the use of […]

Rise in energy bills for homes with solar panels

Rise in energy bills for homes with solar panels

A million household in the UK that have solar panels will see an increase in their energy bills under Ofgem’s plans to improve fairness in the way networks are funded. The government regulator’s proposals aim to ensure fairness in the way in which the networks are paid for as technology […]