• Green Loans Dry Up As UK Govt Ends Subsidies For Renewables

    • Date: 15/06/18
    • Peer2Peer Finance News

    A dearth of renewable energy loans has been blamed on over-zealous lenders chasing “low hanging fruit” and an end to a government-backed subsidy programme. In May, Assetz Capital closed its Green Energy Account (GEA) and in March, defunct P2P platform Trillion Fund paid off its final renewable energy loan. Both platforms have blamed a lack of new loans […]

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  • Blow To Campaigners As Fracking Appeal Wins Approval

    • Date: 08/06/18
    • BBC News

    A fracking firm has won an appeal for exploratory drilling near Rotherham. Petrochemical firm Ineos wants to drill a test well at Common Lane, Harthill. The council had opposed its plan over concerns about the impact on roads. Now, a planning inspector has ruled drilling equipment can be installed for up to five years, said […]

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  • Still No Wind Power: UK Wind Drought Is Driving Up Energy Prices

    • Date: 07/06/18
    • Bloomberg

    Britain’s gone nine days with almost no wind generation, and forecasts show the calm conditions persisting for another two weeks. The wind drought has pushed up day-ahead power prices to the highest level for the time of year for at least a decade. Apart from a surge expected around June 14, wind levels are forecast […]

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  • Wind Disappears in Britain Leaving Turbines at a Standstill

    • Date: 05/06/18
    • Bloomberg

    Britain’s gone seven days with almost no wind generation and forecasts show the calm conditions persisting until the middle of the month. The wind drought has pushed up day-ahead power prices to the highest levels for the time of year for at least a decade. U.K. turbines can produce about as much power as 12 […]

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  • Taxpayer Bankrolls £15bn New Nuclear Power Plant

    • Date: 04/06/18
    • The Times

    Ministers will this week reverse decades of opposition to investing taxpayer money in nuclear energy by agreeing to bankroll a £15bn-plus power station in Wales. The government will commit to taking a direct stake in the Wylfa plant on Anglesey, planned by the Japanese industrial giant Hitachi, after more than two years of negotiations. It […]

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  • Cuadrilla Secures New Injunction Against Fracking Protesters

    • Date: 01/06/18
    • The Guardian

    A major energy firm has secured an expanded injunction against protesters after it took a big step towards starting fracking on a substantial scale. Cuadrilla Resources went to court to obtain the injunction against all campaigners who opposed its drilling operations at its Preston New Road site in Lancashire. The injunction was granted on Friday […]

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  • Britain’s Energy Costs Keep Rising Fast

    • Date: 30/05/18

    More than 2m customers will have to pay more for their electricity and gas bills after SSE announced it is increasing its tariffs by an average of 6.7 per cent. The hike equates to an increase of £76 per year for a typical dual fuel bill. The FTSE 100 energy company on Wednesday blamed “sustained […]

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  • Britain’s Man-Made Gas Crisis

    • Date: 27/05/18
    • The Sunday Telegraph

    The UK’s looming winter gas crisis may have been ignited by a string of fluke blows, but their outcome was far from unexpected. For years experts have warned that the stark reversal of Britain’s energy fortunes over the last decade has left the country vulnerable to the eye-watering price shocks which have emerged this week. […]

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