Scottish wind lifts SSE’s profit as boss says he will step down Energy London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]
BP puts US onshore wind power business up for sale Energy BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
Lack of wind dents profit at one of EDF’s biggest UK windfarms Energy A lack of wind has dented profit at EDF’s Dorenell Windfarm in Scotland, with turnover dropping by more than £20m in 2023, according to newly-filed documents. Dorenell Windfarm, a 59-turbine site south of Dufftown with the capacity to power more than 106,000 UK homes, saw its turnover slump to £56m during the 12 months, down [...]
UK’s largest electricity transmission project gets green light from Ofgem August 13, 2024 The £3.4bn Eastern Green Link Two, described as a subsea "superhighway," will run for 436km between Yorkshire and North-East Scotland.
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.
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.
What is The Crown Estate and how is the government reforming it? July 18, 2024 In his King's Speech, King Charles announced changes to the Crown Estate. What is the arcane entity, and how is it changing?
SSE: Windy conditions boost company’s renewable energy output July 18, 2024 Energy giant SSE has committed some £20bn to a multi-year investment plan covering a string of UK major projects.
Square Mile and Me: So Energy’s Simon Oscroft on disrupting the energy industry July 18, 2024 Simon Oscroft, CEO and co-founder at So Energy, takes us through his career, from serving Ray Wilkins to shaking up the energy sector.