Improved reward schemes offered to onshore wind local communities
The UK Government yesterday (11 May) set out new proposals to improve reward schemes offered to communities living locally to onshore wind farms.
Irish government awards over 3GW for offshore wind in ‘breakthrough moment for Ireland’
Ireland’s first Offshore Renewable Electricity Support Scheme (ORESS-1) auction has seen over 3GW awarded for offshore wind projects.
Octopus Renewables Infrastructure Trust sees NAV decrease in Q1 2023
Octopus Renewables Infrastructure Trust (ORITs) saw its net asset value (NAV) decrease in Q1 2023 primarily due to lower forecast wholesale power prices across Europe.
Optimisation software providers seek scale-up in key US battery storage markets
Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.
Final price cap prediction for Q3 set at £2,053
Cornwall Insight has released its final forecast for the Q3 2023 Default Tariff Cap (price cap) set at £2,053.77.
UK must address cost-competitiveness to spur nuclear industry growth
The UK will need to address nuclear’s cost-competitiveness with alternative low-carbon technologies to spur growth, a report has indicated.
Octopus Energy to invest £1.2 billion into Asia-Pacific renewables
Octopus Energy has confirmed it will make a £1.2 billion investment in the Asia-Pacific renewables sector by 2027.
Increased UK-EU cooperation could cut energy costs by £1.1 billion a year
Trade association Energy UK has published new analysis showing that increased UK cooperation with the EU could cut wholesale energy costs.
