Finance & Legal

Ørsted’s £15 million Gunfleet buyback puts lifetime extension in focus

October 13, 2026

Ørsted will acquire the remaining 49.9% of Gunfleet Sands 1 and 2 under a longstanding contractual right. Full ownership would simplify

Heat pump funding uncertainty puts UK’s growing installation industry at risk

October 13, 2026

Reported cuts to the Boiler Upgrade Scheme could weaken demand and investment before any funding changes take effect. Government evaluation suggests

E.ON completes OVO acquisition as retail competition shifts towards flexibility

October 12, 2026

Completion brings OVO’s approximately four million customers alongside E.ON Next’s 5.6 million. Existing tariffs and customer service arrangements remain unchanged immediately

UK widens Russian oil sanctions, commits £20 million to Ukraine

October 12, 2026

New measures target two oil companies and 12 additional shadow fleet tankers within a package of 38 designations. The government says

Ofgem backs £16.2 million innovation fund targeting UK electrification bottlenecks

October 9, 2026

Sixteen projects receive funding, spanning household decarbonisation, network maintenance and faster infrastructure delivery. The programme targets practical obstacles to electrification, including

Meta-backed solar financing takes Zelestra beyond $1 billion in US funding

October 9, 2026

Zelestra has secured $350 million for a 203 MW Indiana solar project backed by a long-term Meta power-purchase agreement. The financing

BAM’s €504 million A.Hak deal targets the infrastructure behind the energy transition

October 9, 2026

BAM has agreed an acquisition valuing underground infrastructure specialist A.Hak at €504 million. The target’s utility relationships and specialist capabilities offer

Pavilion Power’s Teesside marketplace seeks to bring cost certainty to renewables

October 8, 2026

Pavilion Power has launched a regional electricity marketplace programme, starting with Teesside. It aims to connect renewable generators and industrial users

Shell flags surging Q3 refining margins as emissions payments bite

October 8, 2026

Shell’s indicative refining margin rose 75% quarter on quarter, while its chemicals margin fell approximately 23%. Higher integrated gas production includes