Almost £250 million is to be spent by the UK government on the development of batteries for electric vehicles over the next four years should the Conservatives be returned to Parliament in June.
Philips has agreed a unique deal with a consortium of international banks that links the company’s sustainability performance to the interest rate attached to a €1 billion (£836 million) loan.
Australian finance giant Macquarie Group has concluded the contentious purchase of the UK Green Investment Bank for a total consideration of £2.3 billion.
Energy technology provider Utiligroup has been bought up by US investment firm Accel-KKR as the company seeks to enter the competitive European market and make its presence felt in the UK.
Flow battery provider redT will deliver a 1.08MWh energy storage project to support the distributed energy system in Cornwall and potentially take part in Centrica’s developing virtual energy marketplace.
Rolf Martin Schmitz, the chief executive of German energy giant RWE, has said his company is casting at least one eye on the UK energy market for future M&A activity.
The government’s long awaited strategy for meeting the UK’s carbon budgets currently “sits in a holding pattern” following the announcement of a general election in June, according to climate change minister Nick Hurd.
Six of the UK’s leading renewable energy trade associations have called on energy secretary Greg Clark to embrace low carbon sectors in the UK’s industrial strategy or miss the chance to take a strategic lead.
