EPA scraps core power plant carbon rules, targets future federal authority
The US Environmental Protection Agency has finalised the repeal of most of the Biden administration’s 2024 carbon standards for coal and gas generation. It has separately proposed removing every remaining federal greenhouse gas performance standard… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK government prepares to acquire Speciality Steel UK after rejecting private rescue
The government will develop a proposal to acquire Speciality Steel UK, but the company has not yet formally been nationalised. Ministers rejected the preferred private sector bid after concluding it offered insufficient stability, certainty and… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Europe has never entered September with this little gas in store
By Silvia Merler, Algebris Investments head of responsible investment & policy research Europe has never entered September with this little gas in store. The EU Storage Regulation establishes a 90% target for gas storage filling… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Lords inquiry to examine how clean energy system mitigates ‘Dunkelflaute’ risk
A House of Lords inquiry will this week examine whether the UK can maintain secure, affordable and low-carbon electricity during prolonged periods of weak wind and solar generation. It will scrutinise long-duration storage, dispatchable low-carbon… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Europe puts Arctic energy and minerals at the heart of its security strategy
European leaders meeting in Rovaniemi have moved Arctic policy from a predominantly environmental portfolio towards security, infrastructure and economic resilience. Melting sea ice is increasing interest in shipping and mineral development, but routes remain difficult… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Houston G20 sharpens divide over the meaning of ‘energy security’
The US has put affordable baseload generation, faster permitting and critical mineral security at the centre of a three-day G20 energy ministerial in Houston. The meeting was used to finalise the repeal of most Biden-era… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
€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 […]
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 […]
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 […]
Clean hydrogen investment passes $130 billion, but demand remains uncertain
Cumulative committed investment in clean hydrogen has reached $130 billion across 579 projects, according to the Hydrogen Council. Those projects represent 6.9 million tonnes a year of production capacity, although only 1.7 million tonnes is… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]