Investment

Renewable energy developer OnPath Energy has shared plans to invest £1 billion in clean energy projects in the UK over the next five years.

A private investor has acquired a 50% stake in global renewable energy company Ethical Power Group, formerly held by Hive Energy.

Scottish and Southern Electricity Networks (SSEN) Transmission, energy company SSE’s transmission business, is planning a £22.3 billion grid infrastructure investment.

The pathways to clean power set out by the National Energy System Operator (NESO) all follow a route along the far reaches of feasibility, necessitating significant changes in approach from industry, regulators, government and NESO.

Independent global private asset management firm Capital Dynamics has received a major investment to help develop the UK clean energy sector.

British utility Octopus Energy’s generation arm has surpassed $2 billion (£1.5 billion) offshore wind investments in two years.

Brookfield has signed an agreement to take a 12.5% minority stake in four of Danish energy company and developer Ørsted’s UK offshore wind farms.

Energy ministers from the Scottish, Welsh and UK governments have asked the newly formed National Energy System Operator (NESO) to provide a blueprint for Great Britain’s energy infrastructure out to 2050.

As the UK’s international investment summit secured a total £24 billion for clean energy projects, the government has opened consultation for its “Invest 2035: the UK’s modern industrial strategy”.

Managing director and CEO of Australian-headquartered Macquarie, Shemara Wikramanayake, confirmed that part of the group’s £20 billion UK investment package will support rollout of fast-charging EV infrastructure.