EU wind power spending down 19% as costs fall

  Investments in new wind energy capacity in Europe fell to €22.3 billion (£19.8bn) last year. It was down 19% from 2016 as the sector saw reduced costs, according to the latest statistics from WindEurope. While offshore wind investments dropped by 60%, down to €7.5 billion (£6.7bn), onshore investments hit a record level of €14.8 […]

Edinburgh University divests from fossil fuels

The University of Edinburgh has announced it is ditching all its fossil fuels investments. It follows its commitment, made in 2016, to become carbon neutral by 2040. The university aims to complete its transition out of fossil fuel investments – currently representing less than 1% of its total funds under management, which is around £1 […]

Department for International Trade raises £16bn

The Department for International Trade (DIT) has secured more than £16 billion of foreign investment in five months. It states the money raised since the creation of the new department has boosted job creation and industry growth across the whole of the UK, including the energy sector. In November, International Trade Minister Greg Hands spoke to DONG […]

IEA urges Czech Republic to encourage energy investments

The Czech Republic has been urged to encourage more energy investments. The International Energy Agency (IEA) recently praised the country in its latest energy policy review, stating it has the highest level of power interconnection capacity within Central Europe and is equally well connected to surrounding gas markets. However, the report also says the government needs […]

A fifth of renewable firms make a loss

More than a fifth of renewable energy firms have recorded a loss this year. Of these, around half have recorded a loss for the second year in a row. Analysis of 961 green companies from Plimsoll Publishing, shows 257 firms recorded a loss this year, 126 made a loss for the second year running and […]