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2 clusters · 2 sources · 26 days · First seen · Last updated

UK renewable energy and investment trends

Overview

The UK energy sector is experiencing developments in renewable energy infrastructure and shifts in investment sentiment. In Scotland, significant progress has been made in wind and tidal power. ScottishPower awarded £102.9 million in contracts for the operation and maintenance of 24 onshore wind farms, while TagEnergy secured planning permission for the Sclenteuch and Cairnmore Hill wind farms to add 75 MW of capacity. Additionally, the MeyGen tidal energy project in the Pentland Firth has returned turbines to service following maintenance by Ampeak Energy and Proteus Marine Renewables.

However, the broader energy sector is facing economic scrutiny. Following a report by the think tank Onward regarding the costs of electricity transport and system balancing, shares in National Grid and SSE saw declines as investors anticipated the conclusion of a major electrical grid investment cycle.

Entities

Onward · Whitelee wind farm · National Grid · TagEnergy · Ricardo Folgado

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    UK energy sector faces investment shifts and tidal power advances

    UK energy stocks National Grid and SSE have declined amid projections of reduced grid investment, while Scotland's MeyGen project continues to advance tidal energy operations in the Pentland Firth.

  2. about 1 month ago

    [BUSINESS] 6 sources
    ScottishPower and TagEnergy secure record onshore wind contracts and approvals in Scotland

    ScottishPower awarded £102.9 m for 24 onshore wind farms, while TagEnergy secured approval for two new Scottish wind projects adding 75 MW capacity and significant local investment.

Sources

elperiodicodelaenergia.com · hsbnoticias.com