Businesses are not installing energy efficient technologies due to large upfront costs in the short term and savings only seen in the long term. That’s according to a new report which states the payback period for energy efficiency projects “varies greatly based on the client’s energy consumption and the technologies involved”. It adds: “Energy-saving lighting with movement sensors can have a […]

The eight largest nuclear plant operators in Europe were faced with €100 billion (£70bn) of debt for nuclear clean-ups last year. The figure accounts for 22% of their total debt, according to financial services firm Standard & Poor’s report. It adds European utilities are setting aside “large sums to cover the costs of decommissioning nuclear power plants […]

UK-based natural gas producers BG Group have issued £750 million of bonds. The 25-year bonds are due in November 2036 and pay a coupon of 5%. BG Group Chief Financial Officer, Fabio Barbosa said: “Today’s offering builds upon the equally successful $3 billion US bond issue we completed earlier this month. It also takes advantage […]

Steve Thomas, professor of energy studies at Greenwich University, claims that the coalition government’s policy of offering no subsidies “will either lead to no new nuclear plants being built, or a humiliating climb-down if government wants new nuclear at any cost”. Writing in a special Labour conference edition of Parliament’s weekly magazine The House, Prof […]