Ofgem has unveiled a £25 billion investment programme, to upgrade Great Britain’s energy networks over the next five years.
In a speech today in the Midlands, Prime Minister Boris Johnson has set out his “new deal”, however it has faced criticism for being conspicuously lacking in green investment.
SSE has unveiled a plan to spend more than £7 billion on major low carbon infrastructure projects over the next five years, supporting net zero ambitions and spurring a green recovery from the COVID pandemic.
With renewable energy more cost-efficient than ever before, there is a clear opportunity to forward decarbonisation in COVID-19 recovery plans.
COVID-19 has sent investment in the power sector tumbling, with the International Energy Agency (IEA) expecting power sector spending alone to fall by 10% in 2020.
The government should set a target of achieving a net zero power system by 2040, SSE has recommended as part of a five-point action plan.
The UK government has announced a £40 million fund for green startups, designed to help “supercharge the development of next generation clean, low-carbon technologies.”
Hitachi Capital (UK) has made a multi-million pound investment into EV charging and solar company GRIDSERVE.
Speaking to Current±, Zouk Capital’s infrastructure partner Massimo Resta discussed the second close, investor interest and the opportunity EVs offer.