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Renewables are thriving, with Africa breaking solar energy records – but action is needed to plug financing gapThe first signs of a takeoff of Africa’s green economy are raising hopes that a transformation of the continent’s fortunes may be under way, …
Patrick Tiernan says market will no longer discourage underwriting of such projects, stressing ‘apolitical’ stanceBusiness live – latest updatesThe new chief executive of Lloyd’s has stressed the insurance market’s “apolitical” stance in an apparent sh…
Former energy tsar suggests the ‘radical step’ as one of the few options the government has for cutting billsThe government could save energy users £5bn a year by overhauling the electricity market to stop gas-fired power stations from setting the whol…
Oil firm, which paused project in 2024, will not restart work because facility deemed ‘insufficiently competitive’Shell has axed the construction of its biofuels plant in the Netherlands, ending what would have been one of the biggest converters of was…
Heysham 1 in Lancashire and Hartlepool in Teesside to continue operating until March 2028Business live – latest updatesThe lifespan of two UK nuclear power stations that power more than 4m homes a year has been extended by France’s EDF and British Gas …
FCA will look at allegation the biomass power station misled investors, and Whitehall, about its wood sourcingDrax shares plunge after FCA launches investigationThe financial watchdog’s decision to investigate the sustainability claims made by the owne…
FCA inquiry into biomass power station relates to disclosures and transparency over two-year periodAnalysis: Latest Drax inquiry will raise fresh questions about its billions in subsidiesBusiness live – latest updatesThe power generator Drax has reveal…
Typical annual bill to increase by just over £35 to £1,755 from October when Ofgem raises government price cap by 2%Business live – latest updatesEnergy bills will rise more than expected for millions of British households this autumn as a result of th…
Shares drop by 18% after stop-work order on $1.5bn project off Rhode Island, which was 80% completeShares in Ørsted hit an all-time low on Monday after the Trump administration ordered Europe’s largest wind power company to stop work on a near complete…
Hungary’s foreign minister claims missile strike on energy infrastructure is ‘another attempt to drag us into war’Ukraine has hit a key pumping station on the Druzhba oil pipeline bringing fuel to Europe from Russia, knocking out supplies to Hungary an…