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UK Windfall Tax Here to Stay Despite Energy Sector Overhaul

Downing Street’s latest energy announcements this morning will not lead to a reversal in the controversial windfall tax, despite industry hopes of it being softened to make the country’s investment climate more attractive.

read more... 01/08/2023

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Capital Energy to sell $1 billion renewable energy portfolio

Spanish-based renewable energy investor Capital Energy has hired Lazard to sell a portfolio of 4.3 gigawatts (GW) of onshore wind and solar power plants in Spain, according to the sale of documents seen by Reuters.

read more... 31/07/2023

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Investing in new nuclear is ‘bad for the climate’

New nuclear is less cost-competitive than wind, solar or electricity storage options and hinders investments in renewable energies that could otherwise be deployed much faster, according to a peer-reviewed commentary published in the scientific journal Joule.

read more... 27/07/2023

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German offshore wind capacity up 3.1% in H1, manufacturers demand law amendments

Germany raised installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbies said on Tuesday, demanding better revenue guarantees to maintain a build-out pace and ensure it will reach a 30,000 MW target by 2030.

read more... 26/07/2023

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Britain's Octopus Energy to invest $20 billion globally in offshore wind by 2030

Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday.

read more... 25/07/2023

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