€2.1 billion Gennaker financing offers a bankability template for offshore wind
Skyborn has secured €2.1 billion of non-recourse debt for the 976.5 MW Gennaker wind farm in the German Baltic Sea. Amazon and Uniper have contracted 700 MW of capacity, while Stadtwerke München has taken a… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK-US fusion agreements link regulation with AI-led research
The UK and US have announced a regulatory joint statement and a supercomputing partnership intended to accelerate fusion commercialisation. The computing work brings together UKAEA and Princeton Plasma Physics Laboratory, building on a broader memorandum signed in June. Separate announcements include a £2.63 million fusion-materials collaboration and up to £3 million of Japanese investment in […]
Ørsted tax final opinion strengthens UK claim over offshore wind profits
An arbitration commission has concluded that Walney Extension and Hornsea 1 should be taxed primarily in the UK over their operating lives. Ørsted expects only a minor increase in Danish tax and interest, covered by… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
US power plant carbon repeal set to redraw climate regulation
The US Environmental Protection Agency is preparing to repeal federal carbon standards for existing coal plants and new gas generation. A companion measure could make it harder for a future administration to regulate power sector CO₂ under the Clean Air Act. The larger consequence is a weaker US market signal for carbon capture, with implications […]
Essar doubles UK forecourt network with £400 million-plus SGN Retail deal
Essar Energy Transition Retail has agreed to acquire SGN Retail, adding 118 petrol stations and taking its UK forecourt network to 235 sites. The deal accelerates Essar’s plan to build an 800-site network by 2031,… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Hydrasun and Nel bring electrolyser assembly to Aberdeen
Hydrasun will establish Scotland’s first facility dedicated to electrolyser assembly and integration under a framework agreement with Norway’s Nel. The Aberdeen plant will assemble modular 1.25 MW and 2.5 MW PEM systems, supported by £1.9 million from Scotland’s Just Transition Fund. Up to 12 jobs will be created and 11 safeguarded, but the electrolyser stacks […]