Edition:
United Kingdom

Susanna Twidale

Britain’s new renewable subsidies hit record low on the path to net zero

20 Sep 2019

LONDON Britain has awarded record low subsidies to twelve renewable energy projects capable of generating enough power for some 7 million homes, the government said on Friday, as a drop in the cost of offshore wind projects curbs the need for state support.

Britain launches first major auction for offshore wind leases in a decade

19 Sep 2019

LONDON Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes.

OVO Energy to break into Britain's Big Six suppliers with SSE deal

13 Sep 2019

LONDON Relative newcomer OVO Energy is set to become one of Britain's Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE's retail arm, announced on Friday.

Britain's Cuadrilla pauses gas fracking after earth tremor

22 Aug 2019

LONDON British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, due to an earth tremor late on Wednesday.

EDF gets OK to restart Scottish nuclear plant where cracks found

20 Aug 2019

LONDON EDF Energy will be allowed to restart a reactor at its Hunterston plant in Scotland where cracks were found last year, for an initial four month period, Britain's nuclear regulator said on Tuesday.

From bin bags to planes: Shell, BA plan EU's first waste-to-jet fuel plant

20 Aug 2019

LONDON Aeroplanes could be powered by jet fuel made from household rubbish from 2024 under plans by Shell , British Airways and Velocys to build Europe's first large-scale plant to produce jet fuel from domestic and commercial waste.

EDF gets OK to restart Scottish nuclear plant where cracks found

20 Aug 2019

LONDON EDF Energy will be allowed to restart a reactor at its Hunterston plant in Scotland where cracks were found last year, for an initial four month period, Britain's nuclear regulator said on Tuesday.

Centrica cuts dividend, CEO to step down

30 Jul 2019

Centrica CEO Iain Conn will step down next year after the company cut its dividend and announced plans to exit its oil and gas business, sending its shares to a 21-year low.

Drax first half profit boosted by Iberdrola deal

24 Jul 2019

British power generator Drax Group Plc on Wednesday reported a 35% jump in adjusted core earnings for the first half and affirmed its forecasts for the year, helped by a recent purchase of gas, hydro and pumped storage power plants.

Power traders tackle renewables puzzle in Danish 'Silicon Valley'

23 Jul 2019

AARHUS, Denmark Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.