News

Equinor, the Norwegian state-owned energy giant formerly known as Statoil, has invested in a near 10% stake in compatriot solar firm Scatec.

Energy secretary Greg Clark has triumphantly declared the energy trilemma to be over in a landmark speech which established a new set of principles to steer future development of the energy market.

I​nvestor sentiment is the "biggest casualty” of yesterday’s ruling by the European Court of Justice that has resulted in a 'standstill’ being imposed on the UK Capacity Market (CM), indefinitely postponing auctions and payments to existing contract holders.

​The government could be making decisions on the future of UK energy without considering their potential to impact consumer bills, according to a House of Lords select committee.

​The government has failed to rule out that it may have to recover capacity market payments already made to contract holders as a result of today’s landmark ruling by the European Court of Justice.

The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.

​Continued cooperation on energy trading and climate policy should be included in any final Brexit deal between the UK and the European Union, according to trade bodies from both sides of the channel.

SSE has spun out its renewables activities into an entirely new unit, SSE Renewables, as it bids to lead on low carbon energy.

Germany energy giant innogy has been forced to revise down some divisional forecasts on the back of what it has described as “extraordinary low” wind levels.

Scottish Power Energy Networks (SPEN) has supported a raft of decentralised energy measures through a £20 million Green Economy Fund.