Government consults on creation of industrial energy efficiency fund

It is inviting views on the design of the £315 million Industrial Energy Transformation Fund

Solar panel
AMP Clean Energy and Eden Sustainable launch subsidy-free solar partnership

The organisations already have a 30MW pipeline in place, representing around a £10 million investment

Ofgem considers further action to make URE Energy pay renewables fine

The supplier failed to pay into a fund when it did not source the required proportion of electricity from renewable sources

Clean energy fund launch announced

A specialist investment advisory firm is to launch a clean energy fund on the 1st of December. Gravis Advisory Limited says its VT Gravis Clean Energy Income Fund will be made up of investments in renewable power generation, large scale battery storage and pollution reduction. The company claims it will provide investors with a regular […]

UK invests half a million on taking out the trash

The government has announced a £500,000 fund to help communities tackle littering. The Government Litter Innovation Fund will help support the development of innovative new approaches for slashing the amount of rubbish ending up in the natural environment. This will include actions ranging from behavioural research for better positioned bins and recycling points to digital technology […]

World’s first offshore wind fund assets pass £1bn

The world’s first dedicated offshore wind energy fund has passed its £1 billion asset target. The Green Investment Bank Financial Services (GIBFS) Offshore Wind Fund hit the milestone with the acquisition of its sixth asset, a 44% stake in the Lincs wind farm off the coast of Skegness. The share in the 270MW site was bought for […]

Ex-Centrica boss heads $5bn oil and gas fund

The former boss of UK energy company Centrica is to head a new $5 billion (£3.3bn) fund to buy oil and gas assets globally. London-based Neptune Oil and Gas is backed by private equity firms Carlyle Group and CVC Capital Partners. It will focus on investing in large-scale fields and companies in the North Sea, […]

Welsh Water pledges £160k for environmental projects

Dwr Cymru Welsh Water has pledged to invest £160,000 in environmental projects. Funding from the not-for-profit company will be available to voluntary and community groups through two schemes. The ‘Water Framework Directive Funding Scheme’ is receiving £100,000 for projects that aim to improve inland, ground or coastal waters. It will also help implement the objectives of the […]

Lithuania bags €150m for energy efficiency

The European Investment Bank (EIB) has launched a €150 million (£108m) fund to boost energy efficiency in Lithuania. The project called ‘Jessica II’ is expected to help cut energy bills in hundreds of Lithuanian multi-apartment buildings. It follows on the success of the project’s first phase, which has seen up to 250 buildings refurbished. Around 1,000 buildings […]

Greener taxis and fire engines to hit UK roads

More than 1,000 buses, taxis, fire engines and ambulances across the UK are to be fitted with pollution reducing technologies. The Government announced 17 successful bidders for the £5 million Clean Vehicle Technology Fund (CVTF) yesterday and allocated an extra £50,000 of funding to help local authorities monitor the results of their clean technology projects. […]