BP boosts its stake in solar energy firm Lightsource BP

It is buying additional equity in the firm via an issue of new shares, taking its interest from 43% to 50%

Pylon
UK ‘must introduce investment mechanism to help networks reach net zero’

That’s the suggestion from network operator SSEN, which has published a new report outlining a number of policy recommendations to ensure the UK’s network infrastructure is prepared to go carbon-neutral

Greencoat Renewables buys 14MW Irish wind farm in €10.5m deal

The Beam Hill Wind Farm, located in County Donegal, consists of eight turbines

Solar firm Naked Energy secures £5.25m from investors

The Virtu technology is said to deliver a peak efficiency of 80%, converting 20% of the sun’s energy to electricity and 60% as heat

World Bank splashes out with new bond for sustainable rivers and seas

Credit Suisse Securities has acted as the sole manager of the transaction

EU to set aside large portion of 2020 budget for climate change

Around 21% of the overall budget will be invested in climate-related projects

Octopus Renewables buys nine wind farms in €100m deal

It is acquiring the projects, which are a mix of operational and construction-ready facilities with a total capacity of 130MW, from global renewable energy company RES

UK ‘can get to net zero by 2050 but government must step up ambition’

That’s the call from SSE Chief Executive Alistair Phillips-Davies, who spoke on Radio 4’s Today Programme this morning

Government announces £315m to help industry cut emissions and bills

It expects the new finance will help energy-intensive industries cut emissions by two million tonnes between 2028 and 2032

Australia invests $1bn to improve power grid reliability

The funding will be used by the Clean Energy Finance Corporation for new energy generation, storage and transmission infrastructure