Ørsted cancels two US offshore wind projects

has decided to cancel the development of two US offshore wind projects, Ocean Wind 1 and Ocean Wind 2, incurring an impairment cost of £3.3 billion

Offshore wind auction failure may hike wholesale energy prices by 20%

The failure of the latest UK offshore wind auction to secure new projects poses risks to climate targets, potentially resulting in higher power prices and increased carbon emissions, according to a new report

Energy bill crisis: Missed offshore wind contracts

An estimated £1 billion in energy savings is at risk following a government oversight in contract allocation for offshore wind projects, experts have warned

Blown away! UK offshore wind misses contracts

The UK offshore wind industry faces disappointment as no new contracts are awarded in the latest round of Contracts for Difference

Global energy transition faces $18tn investment gap

To limit global warming to 1.5°C, the energy transition must see renewables and low carbon solutions grow from 12% in 2021 to 50%-70% by 2050, according to a new report

Missed bill payments surge to winter levels

Around 2.4 million households have missed at least one essential bill payment, including energy and water bills, in the month to mid-July, according to a report

New energy price cap: What to expect?

Energy bills are predicted to fall by £214 from 1st October, according to the latest estimates

Ireland announces support for winter energy bills

Ireland’s Government will offer support to households and businesses, assisting with winter energy bills amid “slow price drops”

UK Prime Minister calls for “pragmatic” pursuit of net zero

Rishi Sunak has reaffirmed the government’s commitment to net zero progress in a “proportionate way”, minimising hassle and costs for people

UK massive wind farm halted as costs surge 40%

Swedish energy group Vattenfall has suspended the development of its 1.4GW Norfolk Boreas offshore wind farm, which was set to power 1.5 million homes