RERevenues

Octopus Investments Penyrheollas solar farm image ORIT

May 10, 2023

Octopus Renewables Infrastructure Trust sees NAV decrease in Q1 2023

Octopus Renewables Infrastructure Trust (ORITs) saw its net asset value (NAV) decrease in Q1 2023 primarily due to lower forecast wholesale power prices across Europe.

May 9, 2023

93,000 firms at risk of closing, downsizing or restructuring due to energy prices, says FSB

The Federation of Small Businesses (FSB) has urged energy suppliers to renegotiate fixed contracts for small businesses on market-peak tariffs.

Power prices predicted to drop by 18% in new Cornwall Insight research. Image: EDF.

May 4, 2023

CfD scheme to ‘fall well short’ in delivering required offshore wind projects by 2030, says Energy UK

Trade association Energy UK has said that the upcoming Contracts for Difference (CfD) auction will fall short of delivering the required expansion of offshore wind to hit the government’s 2030 target.

Gore Street’s Lower Road battery energy storage system (BESS), which has in the past been one of the top performing assets in the UK market. Image: Gore Street.

May 4, 2023

UK FFR prices fall to lowest since 2019 due to market saturation, says Modo

Market analytics platform Modo Energy has said that Firm Frequency Response (FFR) auction prices in the UK have reached its lowest level since 2019 as a result of market saturation.

May 2, 2023

BP announces first quarter 2023 profits of £4 billion

Oil giant BP announced profits for the first quarter of 2023 of £4 billion, and a further share buyback of £1.4 billion.

May 2, 2023

Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy

Australian power company Origin Energy has upgraded its 2023 financial year energy markets earnings due to a “stronger than expected” contribution from Octopus Energy.

Despite the eagerness for renewables in the North East

April 28, 2023

UK set to miss 2035 decarbonised power system target, says BEIS Committee

A Business, Energy and Industrial Strategy (BEIS) Committee has said that the UK’s decarbonised power system by 2035 target is in jeopardy.

Leaderboards are flawed, but here’s why we make one

LCP Delta aims to help asset owners quickly compare and understand their performance and strategies against their competitors.

April 25, 2023

Octopus ‘Fan Club’ expands to the US and Germany

Octopus Energy Group has announced it is launching its green tariff, ‘Fan Club’ in the US and Germany.

Amazon increases share in Moray West wind farm to 473MW. Image: moraywest.com

April 25, 2023

Moray West wind farm in Scotland secures £2 billion to reach financial close

Ocean Winds has secured £2 billion of non-recourse project finance and reached a Final Investment Decision (FID) on funding for its Moray West offshore wind farm in the Moray Firth.

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