UK renewables allocation moves into February as government rejects faster timetable
AR8 will follow its longest indicative timetable, with results expected in February 2027. The government says allowing qualification appeals to conclude will support competition and give bidders preparation time. Developers face a longer period of commercial uncertainty, although construction delays are not an automatic consequence. The UK’s next renewables auction will follow its longest indicative […]
CO₂ transport could attract $211 billion by 2060 as infrastructure shapes economics
Wood Mackenzie estimates that global CO₂ transport infrastructure could attract $211bn of investment by 2060. Its projections favour pipelines overall, while shipping can offer flexibility where volumes or routes remain uncertain. UK opportunities depend on… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Minister warns of tougher funding choices for next UK carbon capture projects
Carbon capture minister Martin McCluskey has warned that the next deployment phase faces difficult funding decisions. The government continues to support CCUS, but expects subsidy requirements to decline as the sector develops. Industry says uncertainty… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Electric cars displaced $20 billion of crude during supply crisis – Ember
Ember estimates that electric car fleets displaced 200 million barrels of crude oil in importing economies during March-August 2026. The estimated value was $20bn, including around $790m attributed to the UK. The findings strengthen the… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Ares buys into Statera portfolio as investors back UK grid flexibility
Ares has acquired a significant minority interest in Statera’s approximately 1.9 GW UK flexibility portfolio. The investment supports Statera’s expansion plans, although its value and precise ownership percentage remain undisclosed. The portfolio combines batteries and flexible generation, with individual projects at different stages of delivery. Ares Infrastructure Equity funds have acquired a significant minority stake […]
ORIT agrees £34.6 million Barnsdale solar acquisition with completion tied to delivery
ORIT has signed a conditional agreement to acquire the 55 MWp Barnsdale Solar Park from OnPath Energy. The approximately £34.6m price includes remaining construction expenditure, with completion linked to contractual delivery requirements. The project’s inflation-linked… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]