Finance and investment

Swansea Bay tidal lagoon firm enters into debt agreement

A “Tidal Lagoon Taskforce” has convened in Wales to enable local and national authorities, as well as community and business leaders, to consider the full suite of options for financing and delivering Swansea Bay tidal lagoon independent to Westminster.

Rising wholesale energy costs cause ‘one price rise a week’

Rising wholesale costs resulted in British energy customers facing on average one price rise a week so far this year, according to research from uSwitch.

United Utilities spends extra £80m following dry summer

Electricity generation costs could rise by 15% without nuclear

Wylfa nuclear site will be ‘considerably cheaper’ than Hinkley

Leon Flexman, corporate affairs director at Hitachi-backed Horizon Nuclear Power said that cost reductions in the Wylfa project are having a knock-on impact on the strike price, the guaranteed floor for the sum it will be paid for generating electricity.

Interview: Colin Skellett, chief executive, Wessex Water

‘Perverse’ price cap outcome could increase bills for poorest

The poorest customers could end up paying more for their energy bills following the introduction of the government’s price cap, Alan Whitehead has warned.

Corbyn pledges ‘green jobs revolution’ to reduce emissions

In his keynote speech at the Labour annual conference today (26 September), the opposition leader said the investment required to deliver the party’s goal to achieve a 60 per cent cut in emissions by 2030 will create more than 400,000 skilled jobs.

Cornish firm gets grant for ocean thermal energy conversion

Newquay-based Global OTEC Resources has received a £140,000 grant to help develop the company’s concept

SSE acquires 100 per cent of Seagreen offshore wind project

SSE has announced it is taking full ownership of the offshore wind projects under development by Seagreen Wind Energy. The move sees the company acquire the other half of shares in the offshore project from Fluor Ltd.

Labour targets water industry first for nationalisation

The shadow chancellor of the exchequer used his keynote speech at today’s (24 September) Labour party conference to unveil the party’s plans for a publicly-owned water system.

Almost half of Britons ‘secretly heat’ their home, Eon reveals

Research from Eon has found almost half (48 per cent) of people “secretly adjust” the

Domestic boilers could be used as ‘mini peaking plants’

The UK could massively cut both carbon emissions and investment in new generation plants by using domestic boilers as "mini peaking plants", according to new research.

Drax in talks to buy gas and hydro plants from Iberdrola

Drax has confirmed it is in talks with Iberdrola to buy a portfolio of gas, hydro and pumped storage plants from its UK subsidiary Scottish Power.

Yorkshire Water fined for ‘wholly avoidable’ death of worker

Yorkshire Water has been fined £733,000 and ordered to pay costs of £18,818 after a worker suffered fatal burns during a job in Tadcaster.