Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
The government has delayed its decision on whether two offshore wind projects can proceed, pushing the deadline to 1 July.
Drax is transitioning its executive management structure for its generation business.
As the COVID-19 lockdown changes demand patterns, the grid's flexibility is put to the test.
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.
The government is planning to bring the phase-out date for coal generation in the UK forward to 2024.
Centrica’s local energy market (LEM) trial has been beefed up with the addition of a new wind turbine and battery storage.
Exports of battery storage and solar PV have seen “exponential” growth as weather independent generation falls to less than 40%, according to data from ElectraLink and the Renewable Energy Association (REA).
The “exceptionally low” results in today’s Contracts for Difference auction are proof that renewables are “blowing the competition of the water”, the green economy has said this morning.