British firms secure almost half of UK’s offshore deals

  Almost half (48%) of the investment in planning, building and running offshore wind projects has been awarded to British companies. That’s a 5% increase from the previous report published in 2015, according to latest figures from RenewableUK. That means the sector has almost hit its target of sourcing 50% of its work in Britain […]

UK cleantech firms set their sights on Brazil

Innovative UK cleantech companies are gearing up for a trip to Brazil to explore business opportunities aimed at tackling climate change and improving resource efficiency. Called the ‘Clean and Cool Mission Brazil’, the £150,000 initiative is backed by the Technology Strategy Board (TSB), the UK’s innovation agency, together with UK Trade and Investment (UKTI) and […]

Green policy could cost householders ‘£600 a year’

The move from fossil fuels to green energy could cost British households £600 a year by 2020, according to an industry analyst. A new report by think tank Civitas claims the total price tag of pursuing renewables could rise above £16 billion a year when VAT is included. Dr John Constable (pictured), Director of the […]

Low gas storage levels last week

The UK power system was well supplied but there were concerns over gas storage levels last week. That’s according to our weekly market report from npower, which suggests UK gas storage was only 36% full compared to 46% the same time last year. The tight gas supply also meant near term contracts for both power […]

Manufacturers warn UK could miss out on £880bn green growth

British manufacturers have warned that UK green technology output is “faltering” and the country could miss out on a potential £880 billion boost to the economy by 2050. A new report by the manufacturers’ organisation EEF suggests the UK is the sixth and largest producer and provider of low carbon goods and services, with £112 […]

British public favour wind to oil and gas

Around 69% of the British public want the current level of wind energy increased or maintained. That’s according to a new poll by YouGov, which claims a clear majority of the public want more wind farms to be built. More than half of the people questioned said the number of wind farms should be higher […]

North Sea tax relief could attract £2bn

The Treasury’s decision for a new tax relief scheme in the North Sea could attract £2 billion worth of investment. Trade body Oil & Gas UK made the claim as it welcomed the Chancellor’s announcement today and said it would benefit the nation’s energy security and the public “purse”. It also claims there could be […]

Rise in UK subsea exports to Norway

Norway’s increase in oil developments could mean a boom for UK subsea businesses in the next 12 months. That’s according to the nation’s industry body, Subsea UK, which found around 80% of its members expected Norwegian subsea exports to rise as a result of an increase in deepwater developments. Neil Gordon, Chief Executive of the […]

British firm wins contract for German offshore study

A British science and technology firm has won an €18million contract for a geotechnical study at a German offshore wind farm. Spanish energy group Iberdrola awarded the contract to Gardline and GEO, a Danish engineering firm. Both companies will help carry out a seabed survey of the Baltic Sea and help determine the type of […]

Subsea industry could create 10,000 jobs

The British subsea industry could create 10,000 jobs within the next 12 months, according to a new survey. Subsea UK, which represents more than 250 companies across the UK, said 43 of the companies already have 800 vacancies to be filled. The survey also found almost one-fifth of the companies will need more than 2000 […]