Without additional investment and policy support, the UK will fall short of its net zero ambition according to a new report from the Association for Renewable Energy and Clean Technology (REA).
The Financial Conduct Authority (FCA) has given final approval for the Octopus Energy Group’s acquisition of its sister company Octopus Renewables.
OVO Energy has appointed a new director of sustainability, with Dr Rebecca Heaton joining from Drax where she was group head of climate change.
Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
Drax is estimating that it is to take a £60 million hit from the impact of COVID-19 as its Customers business feels the bite due to plummeting demand.
Drax is transitioning its executive management structure for its generation business.
Drax CEO Will Gardiner spoke to Current± about why ending coal made sense, what will happen to the remaining units post-2022 and how bioenergy alongside carbon capture and storage (BECCS) fits into the future energy mix.
