Archive | October, 2011

Thousands of jobs will ‘go to the wall’ after FiTs cut

Tags: , , , , , , ,

Thousands of jobs will ‘go to the wall’ after FiTs cut

Posted on 31 October 2011 by Vicky Ellis

Tens of thousands of jobs could be at risk after the Government's proposed changes to the Feed in Tariff (FiTs), the subsidy for solar power.

Today DECC announced the FiTs would be halved, with a new tariff for schemes up to... Read More

Comments (0)

Government should ‘honour’ subsidy rate for signed solar contracts

Tags: , , , , , , ,

Government should ‘honour’ subsidy rate for signed solar contracts

Posted on 31 October 2011 by Vicky Ellis

The Government's proposal to slash a solar subsidy has been picked over by a consumer group which warns that a month deadline to get projects covered by the scheme's current support level is too short notice.

DECC announced its plans to... Read More

Comments (0)

BG Group issue £750m of bonds

Tags: , , , , ,

BG Group issue £750m of bonds

Posted on 31 October 2011 by Tom Gibson

UK-based natural gas producers BG Group have issued £750 million of bonds. The 25-year bonds are due in November 2036 and pay a coupon of 5%.

BG Group Chief Financial Officer, Fabio Barbosa said: "Today's offering builds upon... Read More

Comments (0)

Government gives thumbs up to new Yorkshire plants

Tags: , , , , , , , ,

Government gives thumbs up to new Yorkshire plants

Posted on 31 October 2011 by Vicky Ellis

DECC has given the go ahead to two new power plants in Yorkshire. The energy department says they will create over 1,000 jobs and generate enough energy to power almost two million homes.

Scottish and Southern Energy are investing £250m into... Read More

Comments (0)

Scottish Government saves renewables £4m in 2011

Tags: , , , ,

Scottish Government saves renewables £4m in 2011

Posted on 31 October 2011 by Tom Gibson

The Scottish Government has made it easier for companies investing in renewables by reducing business rates the industry would normally have to pay. Figures show that the relief scheme for renewable energy generators has saved the industry £4 million this... Read More

Comments (0)

Every little helps… for E.ON customers

Tags: , , , ,

Every little helps… for E.ON customers

Posted on 31 October 2011 by Tom Gibson

E.ON has teamed up with supermarket giants Tesco to help reduce their customers' bills this winter. For every £10 worth of Tesco Clubcard vouchers used, E.ON customers will have £15 deducted from their bill.

Ian Simkin, Clubcard Rewards Director... Read More

Comments (0)

Nexen nets Golden approval for North Sea oil project

Tags: , , , , , ,

Nexen nets Golden approval for North Sea oil project

Posted on 31 October 2011 by Vicky Ellis

Nexen Petroleum UK, subsidiary of Canadian energy firm Nexen, has won approval for its Golden Eagle area development in the North Sea. The second largest oil producer in the UK got the go ahead from DECC for the £2billion project.... Read More

Comments (0)

Vestas shares drop over delays to new factory

Tags: , , ,

Vestas shares drop over delays to new factory

Posted on 31 October 2011 by Tom Gibson

Shares in wind turbine manufacturer Vestas dropped by more than 20% this morning on the Copenhagen stock exchange as the company were forced to announce huge profit losses as a result of delays to the construction of a new factory.Read More

Comments (0)

Shell takeover part of larger European expansion by UGI

Tags: , , , , ,

Shell takeover part of larger European expansion by UGI

Posted on 31 October 2011 by Tom Gibson

America-owned distributor and marketer of energy products and services UGI Corporation has officially taken over Shell Gas UK and changed its name to AvantiGas. The acquisition is one of 12 by the company across Europe in the last year.
Read More

Comments (0)

EDF puts in planning consent for Hinkley Point nuclear

Tags: , , , ,

EDF puts in planning consent for Hinkley Point nuclear

Posted on 31 October 2011 by Vicky Ellis

EDF Energy has applied for planning permission to build a new nuclear plant at Hinkley Point. The French energy firm must now wait for approval from the Infrastructure Planning Commission (IPC).

Hinkley Point C already has local planning permission. Now the... Read More

Comments (0)