Energy shock pushes Bank of England closer to a rate rise
September 21, 2026
The Bank has held its policy rate at 3.75%, but three of nine policymakers voted for an immediate increase to 4%.
Finance & Legal
Ofgem sets delay penalties for UK’s first offshore hybrid interconnectors
September 21, 2026
LionLink and Nautilus would provide a combined 3.2 GW of cross-border capacity while connecting continental offshore wind. Ofgem is proposing start
Drax earnings upgrade puts diversification beyond biomass in the spotlight
September 21, 2026
Drax expects 2026 adjusted EBITDA near the top of analysts’ £680-711mn range. Its £561mn purchase of Bluefield Solar Income Fund adds
Great British Energy launches £30 million ‘People’s Power’ fund
September 17, 2026
Community groups can apply for grants of up to £3 million, while English councils can receive up to £100,000 to develop
EIB makes first SMR investment with €40 million backing for Steady Energy
September 17, 2026
The European Investment Bank has made its first investment in small modular reactor technology, offering Steady Energy up to €40 million.
Shell: From Aberdeen to London – what we know so far
September 17, 2026
Contrary to recent reports, Shell is not mulling an exit from Aberdeen or the North Sea. Nevertheless, the relocation of global
Scotland and Wales formalise renewables cooperation through Cardiff Agreement
September 15, 2026
The Cardiff Agreement creates a non-binding framework for cooperation between the Scottish and Welsh governments on renewables, climate resilience, sustainable growth
€2.1 billion Gennaker financing offers a bankability template for offshore wind
September 14, 2026
Skyborn has secured €2.1 billion of non-recourse debt for the 976.5 MW Gennaker wind farm in the German Baltic Sea. Amazon
Ørsted tax final opinion strengthens UK claim over offshore wind profits
September 14, 2026
An arbitration commission has concluded that Walney Extension and Hornsea 1 should be taxed primarily in the UK over their operating
OEUK urges early North Sea tax reset, puts £70 billion value on investment revival
September 11, 2026
Offshore Energies UK is calling on Chancellor John Healey to replace the Energy Profits Levy with the new Oil and Gas
Recent News
Energy bills top public’s Budget priorities in Survation poll
October 27, 2026
A new era: How politics is re-thinking energy and waste
October 21, 2026
Perenco completes Leman South and Durango subsea decommissioning
October 20, 2026
