“Centrica’s strength lies in being a customer-facing business”, providing energy and services, the company has concluded after a fundamental strategic review.
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E.On remains on track to split into two companies in early 2016, one (E.On) focused on renewables, energy networks and customers solutions, and one (Uniper) on global commodity trading, the company said in a trading update on the six months to 30
Operating profit at Npower fell €53 million in the six months to the end of June, down 60% on the period the previous year, and parent company RWE said the UK division would finish the year with a “significant deterioration” on the previous year.
There has been a 10% reduction in private investment in UK oil and gas infrastructure since December 2014, new figures from the Treasury reveal.
Major offshore wind developers including Dong Energy, A2Sea and London Array did not infringe patents on technology that allows wind turbines better to ride out stormy weather, the High Court has determined, but the case sounded a warning for comp
Dong Energy is acquiring the Hornsea Zone, including Projects Two and Three, from Mainstream Renewable Power and Siemens Financial Services (SFS).
The Forewind consortium has relinquished development rights to offshore wind projects that could total 2.4GW, saying it wants to focus on the four projects (Creyke Bank A and B, Teesside A and B) that have development consent.
Seabed owner The Crown Estate has signed a project-specific deal with the Navitus Bay Development consortium, comprising EDF Energy Renewables and Eneco.
Ofgem has agreed that the go-live date for Project Nexus should be delayed by a year, to 1 October 2016.