Greg Hands has said not giving the green light to projects like Cambo would be “bad” for the UK’s energy security and emissions

Siccar Point Energy’s acquisition by Ithaca Energy has been hailed as a ‘transformational deal’

Shell told ELN the company will “evaluate all potential future options for the project”

Three-quarters of this investment will support offshore wind, hydrogen and EVs

The oil and gas giant had previously said the economic case for investment in this project was not “strong enough”

Scotland’s First Minister said that more renewables could provide energy independence in the long-term

Ministers are reportedly pressed to fast-track licences for the development of these projects

The company’s announcement follows its decision to scrap its head office in the Netherlands

Savion has currently more than 18GW of solar power and battery storage in the pipeline

The Chief Executive of the developer company said they will “evaluate the next steps” of the project