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The Latest Breaking News on Renewable energy

Orsted achieves record earnings as sale of huge stake in Hornsea Two brings strong return

Largest ever project's proceeds push Danish giant with major Grimsby interests on to new levels

Birmingham Post

Shared strategy for North Sea renewables signed up to by UK after Brexit loss

MoU signed with key stakeholders for collaboration across vital energy zone as NSTA sets up carbon capture team

Birmingham Post

India finance minister announces new clean energy funds

Indian finance minister Nirmala Sitharaman announced several new clean energy initiatives in her annual federal budget speech on Wednesday, saying “green growth” is a top priority for the country

The Independent UK

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UAE-France Program to Accelerate Clean Energy Development

The UAE and France agreed to launch a bilateral program that combines French and Emirati expertise to develop commercial and investable opportunities that accelerate clean energy development, notably in the decarbonization of hard-to-abate (HTA) industries, including clean hydrogen solutions for mobility. The program's operations will be officially launched during COP28,…

Asharq Al-Awsat

EU to loosen state aid rules in response to US green tech subsidies

Leaked European Union proposals reveal the bloc is to expand state aid rules in an effort to counter US green energy subsidies and unfair competition from China that are threatening European industry. The EU is to present its proposals on Wednesday.

Radio France Internationale

Public concern sees plans for Dumfries and Galloway windfarm scaled back

Community Windpower Limited has reduced the number of turbines proposed from 75 to 60

Daily Record

'Urgent action needed' to help firms accelerate low carbon energy shift

Industry body calls on government to provide a stable regulatory and fiscal framework

Insider UK

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Can the EU keep up with the US on green subsidies?

The huge incentives in the Inflation Reduction Act are provoking a debate in Europe with ramifications for the entire single market

Financial Times

You could be owed an electricity bill refund from ESB after being overcharged for 12 years

It emerged the move, which residential customers were not made aware of, was put in place as a result of the financial crash to help big businesses

Irish Mirror

United Airlines announces partnership to develop ethanol-based biofuel to power jets

The technology would reduce carbon emissions.

Chicago Sun-Times

Ofgem boss DEFENDS forcing people onto pre-payment meters as 'some choose not to pay'

Facing MPs today, Jonathan Brearley branded the controversial step 'reasonable' - but was met by disbelief, with Labour's Darren Jones responding: 'I'd assume most people who aren't paying their bills, it's because they can't afford it.'

Daily Mirror

Leaked EU plan reveals response to US and Chinese green subsidies

Draft plan to loosen state aid rules follows Joe Biden’s Inflation Reduction Act and Chinese subsidies

The Guardian - UK

Europe scrapes out economic growth by dodging gas disaster

Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants

The Independent UK

Nearly one million households will be able to apply for £400 energy bill help later this month

The application portal for the one-off lump sum is now expected to open by February 27, 2023.

Daily Record

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Birmingham Post

North East areas identified among UK's net-zero jobs 'hot spots'

The green economy is supporting nearly 20,000 jobs and worth more than £2bn to the regional economy, the CBI report says

AAP

Moelis & Co appointed advisors to Sun Cable sale

The voluntary administrators to Sun Cable say the sale process has commenced for the $30 billion solar project, with binding proposals due by the end of April.

AAP

Gas intervention, bottlenecks could slow energy change

Gas price caps, contractor shortages and a bottleneck of network expansions could slow the pace of transition from coal-fired power to clean energy generation.

Insider UK

Nova doubles the size of Shetland tidal array

Installation of the fifth and sixth turbines makes it the array with the largest number of turbines in the world

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ABC News

Australia adding green energy at less than half the required rate to keep grid stable: UNSW

A top energy expert says Australia is adding renewable energy at less than half the pace required to replace retiring coal-fired power generation and meet its 2030 climate targets.

Chicago Sun-Times

Chicago reaches tentative deal with ComEd on city electric service, City Council members say

Besides a franchise agreement to continue operating the city’s electric grid, there’s also an “Energy and Equity Agreement” that sets economic impact objectives ComEd and the city will pursue together.

The Guardian - UK

EU plans to loosen state aid rules to boost renewables investment

Proposed use of tax credits follows pressure to respond to Biden’s $369bn green subsidy scheme in US

Tribune News Service

Replacing US coal plants with solar and wind is cheaper than running them

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Irish Mirror

Fears government energy credits could be stopped leaving thousands unable to pay soaring bills

The measure was announced and implemented after Budget 2023 last September

Asharq Al-Awsat

Saudi Arabia Seeks to Increase Reliance on Renewable Energy

Prince Faisal bin Nawaf bin Abdulaziz, governor of Al-Jouf region (northern Saudi Arabia), revealed efforts to provide innovative technical solutions for the production of renewable energy with high economic efficiency, to meet energy and water needs. Addressing the opening session of the Renewable Energy Conference at Al-Jouf University on Sunday,…

The Guardian - UK

Global carbon emissions forecast cut due to Ukraine war and Biden, says BP

Oil and gas group says countries are pursuing energy security by backing domestic, renewable supplies

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