Greencoat UK Wind hit by low power generation as share buybacks continue Investing The value of Greencoat UK Wind’s underlying assets dipped by 0.4 per cent across the quarter as power generation came in nine per cent below budget. “We suspect that many of the managers’ expectations have been optimistically biased,” said Stifel analyst Iain Scouller. “We think we will see a similar generation undershoot at many of [...]
Don’t believe Miliband’s spin on green energy Opinion The only thing “record-breaking” about the latest clean energy auction is the subsidies Ed Miliband’s thrown at it. Time to level with taxpayers about the true cost of net zero, says Tim Focas Here we go again – it didn’t take long did it. The new government, with Ed Miliband at the helm of energy [...]
Lifting the ban on onshore wind was step one. Now Britain must move faster Opinion Labour’s reversal of the de facto ban on onshore wind is encouraging, but Britain must do more to get building again, writes John Caudwell One of Labour’s first acts in government was to lift the de facto ban on onshore wind. This change in planning policy means that onshore wind projects no longer need to [...]
GB Energy to work with Crown Estate to develop offshore wind farms, says government July 25, 2024 Britain’s newly created state-owned energy company, Great British Energy, is to partner with the monarchy’s property firm to help speed up the building of offshore wind farms.
The business case for the King July 25, 2024 In a cost of living crisis, headlines suggesting that the King is set for a “£45m pay rise” funded by taxpayers are bound to rankle – but they are misleading. The monarchy is not funded out of the public purse in the ordinary sense. The money the King receives – the Sovereign Grant – is [...]
A King’s windfall: Turbines help Crown Estate to record payday. Here’s how much King Charles gets July 24, 2024 King Charles is in line for a bumper £45m pay rise, a 50 per cent increase on last year's packet, thanks to sky high profit at the Crown Estate.
Greencoat UK Wind shrugs off slow winds with ambitious share buyback scheme July 24, 2024 Greencoat UK Wind has pushed ahead with an ambitious share buyback programme, even as the trust struggles with low wind speeds and falling electricity prices.
Orsted: Wind farms tank as market bets on Trump win after assassination attempt July 16, 2024 Wind farm manufacturers like Orsted have seen their share prices tank following the assassination attempt on former president Donald Trump, as markets bet that the more likely it is he's re-elected, the worse it will be for renewable energy.
Housebuilding giants Bellway, Berkeley and Barratt laud Reeves’ planning pledge July 8, 2024 Some of the UK's largest property and housebuilding firms have welcomed the new Labour government's promise to "get Britain building again" with a reintroduction of compulsory housebuilding targets, calling them "hugely encouraging".
Ørsted: Wind energy giant invests in Tesla battery to help lower electric bills June 12, 2024 Wind-power giant Ørsted has invested in a Tesla battery storage system for what is set to be the world's single largest offshore wind farm.