investment
It is buying additional equity in the firm via an issue of new shares, taking its interest from 43% to 50%
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
The Beam Hill Wind Farm, located in County Donegal, consists of eight turbines
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
Credit Suisse Securities has acted as the sole manager of the transaction
Around 21% of the overall budget will be invested in climate-related projects
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
That’s the call from SSE Chief Executive Alistair Phillips-Davies, who spoke on Radio 4’s Today Programme this morning
It expects the new finance will help energy-intensive industries cut emissions by two million tonnes between 2028 and 2032
The funding will be used by the Clean Energy Finance Corporation for new energy generation, storage and transmission infrastructure