BP has detailed in a strategy update that the oil and gas giant will invest up to £54 billion ($65 billion) in its transition growth engines (TGEs) but has reduced its emissions reduction target by 2030 due to continued investment in oil and gas.
Ireland is set to benefit from a new agreement between Statkraft and investment management firm Copenhagen Infrastructure Partner (CIP) in which up to 2.2GW of offshore wind will be developed in the nation.
The UK Government has announced two new green freeports, with the sites in Inverness and Cromarty Firth and Firth of Forth set to receive £52 million in backing.
Legal and General Capital (LGC) allocated £5 billion for alternative asset investment in 2022 with a focus on several areas including clean energy infrastructure.
In the second in our Current± Predicts series, Robert Buckley from Cornwall Insight and Fintan Devenney and Phil Hewitt from EnAppSys share their views on what 2023 holds in store for the energy transition.
The Department of Business, Energy and Industrial Strategy (BEIS) has committed over £120 million to spearhead nuclear fusion innovation and boost energy security prospects for the future.
Rishi Sunak, the UK Prime Minister, has reaffirmed his and the UK’s commitment to spearheading the global green revolution, pledging to make the nation a clean energy superpower at COP27.
Octopus Energy Generation is set to make its first investment in the UK’s EV charging infrastructure with the allocation of £110 million to Manchester-based Be.EV.
European-based Fastned has received a €75 million (£65 million) investment from British multinational asset management firm Schroders Capital to expand its EV charging network.
