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Shell injects $1.5 bln into UK retail power business to help it weather volatility
Shell has injected nearly $1.5 billion in cash and credit into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.
read more... 09/12/2022
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UK government to ease ban on onshore wind farms to head off revolt
British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support.
read more... 08/12/2022
Global renewables capacity set to double over next five years
Global renewable power capacity is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday.
read more... 06/12/2022
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France s EDF in the running to build new Czech nuclear plant
France’s EDF, South Korea’s KHNP, and US-Canadian group Westinghouse Electric have made initial bids to build a new unit at the Czech Republic’s Dukovany nuclear power plant, Czech utility ČEZ said on Wednesday (30 November).
read more... 02/12/2022
Ofgem sets out UK grid investment package
Ofgem has confirmed a five-year investment package for the electricity distribution network companies, which it says will help deliver cheaper, cleaner, more reliable local grids at no extra cost to consumers.
read more... 30/11/2022