BP has made its first stride into the offshore wind market in a deal to develop the renewable generation technology in the US with Equinor.
UK Prime Minister Boris Johnson has announced £350 million worth of funding to help decarbonise industry, including dedicated funding for green hydrogen.
A green recovery from COVID-19 could be delivered through increased support for onshore renewables, according to investor Thrive Renewables.
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.