UK’s Brexit uncertainty leads to fall in clean investment

That’s according to EY’s latest Renewable Energy Country Attractiveness Index

Renewables help to drive power and utilities deal value to historic high

Clean energy accounted for around 46% of the agreements made in the most recent quarter

EY commits to banning plastic cups from the office

The move from the accountancy and consultancy firm aims to slash pollution and environmental damage

Power and utilities mergers hit all-time high of $97bn

EY says 15 multi-billion-dollar deals accounted for 90% of this figure

UK rises to seventh place on renewable attractiveness leaderboard

EY says this is largely due to embracing subsidy-free solar, building new onshore wind projects and repowering old wind farms

‘Energy customers need more transparent and visible data’

Simon Cox, Director at EY Advisory, said energy suppliers, brokers and TPIs need to work out their role in the changing marketplace as data becomes an increasingly valuable commodity

Oil & gas deals hit five-year low in 2017

The volume of global oil and gas deals hit a five-year low in 2017. That’s according to a new report from business services firm EY, which found the total value of global transactions fell to $343 billion (£247bn) from $390 billion (£281bn) the year before. Despite a 21% increase in single deals of more than $1 […]

EVs and traditional cars ‘to reach parity within decade’

  Electric vehicles (EVs) are to overtake traditional combustion engines in terms of price and performance within a decade. That’s according to Benoit Laclau, Global Power & Utilities Leader at EY, who spoke to ELN earlier this week about important stages in the energy sector becoming more decarbonised, digitised and decentralised. He said the first […]

Falling oil prices ‘continue to impact UK firms’

Falling oil prices continued to impact UK oilfield services (OFS) in 2016, with the sector’s turnover falling by 15.5%. That’s the suggestion from consultancy EY, which warns the industry’s approach to recovery in 2018 could prove critical for long-term success. The report shows turnover declined from £35.7 billion in 2015 to £30.2 billion the following […]

‘All energy suppliers vulnerable to cyber attacks’

Power utilities are poorly equipped to deal with increasingly frequent and unpredictable cybersecurity threats. That’s according to a survey of 1,200 global utilities conducted by consultancy EY, in which all organisations responding said their defences against hackers did not match up to their needs. It also found 58% of these companies in the energy sector […]