The UK government has reaffirmed its commitment to the global energy transition with a pledge of £160 million in climate support funding for developing countries.
Energy company EDF has signed a seven-year Power Purchase Agreement (PPA) with Brockwell Energy to purchase renewable energy from North Kyle onshore wind farm.
Scottish and Southern Electricity Networks (SSEN) Distribution has upgraded its Revolving Credit Facility (RCF) to align it with the company’s Environmental Action Plan and broader sustainability ambitions.
The UK and US hosted financiers and philanthropists in Windsor yesterday as richer countries aim to show that they are keeping up with climate finance pledges.
BP has detailed in a strategy update that the oil and gas giant will invest up to £54 billion ($65 billion) in its transition growth engines (TGEs) but has reduced its emissions reduction target by 2030 due to continued investment in oil and gas.
So Energy has revealed it is no longer exploring additional funding options, citing a fall in future wholesale prices, continued governmental support and ESB backing as a means of becoming more financially sound moving into 2023.
SSE Energy Solutions has agreed to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers’ Pension Plan Board for £1.465 billion.
