Renewable Energy

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Investment in renewable energy projects at risk due to cost of capital

Rising interest rates and soaring inflation isn’t just having an impact on consumers, with some reconsidering investment in renewable energy.

Hornsea Four offshore wind farm on hold due to dispute with CCUS project

Ørsted has been forced to delay its Hornsea Four offshore wind farm due to an ongoing dispute with a CCUS project being led by oil giant BP. 

UK’s lack of energy storage meant 1.35TWh of renewable energy was lost

The UK wasted 1.35 TWh of renewable energy between October 2022 and January 2023 due to a lack of energy storage, new research has suggested.

Offshore wind turbines could soon be cheaper to fabricate

A new welding methodology for offshore wind foundations has the potential to cut the cost of wind turbine fabrication.

Energy bills could be £1,750 lower had UK transitioned to renewables faster

Had the UK transitioned to renewable energy faster than it has, energy bills could have been £1,750 lower in 2022.

Renewables generated a record-breaking 40% of UK electricity in 2022

A record-breaking 40% of all electricity generated in the UK in 2022 came from renewable energy sources, such as wind and solar.

Autumn Statement could risk investment in renewables, experts warn

Rishi Sunak’s Government could be risking investment in renewables, after the Government announced a windfall tax on producers. 

Renewables met 100% of global electricity demand growth during the first half of 2022

In the first half of 2022, renewable energy was capable of meeting 100% of the increased demand for electricity globally. 

Irish homes set to receive energy rebate thanks to renewables

Consumers in Ireland are set to receive a rebate of €89.10, thanks to profits generated by the country’s renewable power infrastructure. 

Kansas wind farm reclaims $450k in lost revenue after efficiency upgrades

A wind farm in Kansas found it was losing $450k a year in lost revenue due to inefficiency issues that were identified by ONYX Insight. 

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