Consumers could miss out on more than a billion pounds of energy bill savings from the world’s biggest offshore wind farm after its owner delayed a contract to provide cheap power from the project. The Hornsea Two wind farm, capable of supplying 1.4 million homes, is fully operational, Orsted said yesterday. The Danish energy group…
Two of Britain’s ageing nuclear power plants will stay open for two years longer than expected to reduce the risk of an electricity supply crunch. EDF, the French state-owned energy group that operates Britain’s five remaining nuclear power plants, said Heysham 1 in Lancashire and its Hartlepool plant in Teesside were likely to remain in…
Britain’s energy regulator has ditched its attempts to force The Times and one of its reporters to hand over confidential personal notes in a row over journalistic independence. Officials at Ofgem had sent notices to the newspaper and Paul Morgan-Bentley, its head of investigations, asking them to hand over all the reporter’s relevant materials —…
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Manhattan is a long way from the pottery kilns of Stoke-on-Trent, but the high-end China cups and saucers made by Richard Brendon look at home in New York’s famous Saks Fifth Avenue department store. The United States is now the eponymous tableware brand’s fastest-growing and largest retail market, with the entrepreneur, who received the 2024…
The government will fail to secure any new wind farms through a recently launched auction because the financial support on offer insufficiently reflects soaring costs, the boss of SSE has said. Renewable energy developers are encouraged to invest in Britain by auctions for contracts guaranteeing consumers will pay a fixed price for the electricity their…
SSE has green projects entailing about £20 billion of investment waiting in the wings, all of which have been subject to policy and regulatory delay. As Britain builds more renewable energy generation, plants that can provide clean back-up power will be critical. The FTSE 100 energy group wants to build a pumped storage project at…
Nine new offshore wind farms were among the record number of projects agreed in the Labour government’s first renewable energy auction. The sixth annual auction round for state subsidies yielded 131 new green infrastructure projects. This was the highest yet, and up from 92 in the previous auction, according to the Department for Energy Security…
Volkswagen is considering closing factories in Germany for the first time as it pursues ways to save several billion euros in a cost-cutting drive at its namesake brand. The carmaker, whose brands also include Skoda, Audi, Lamborghini, Bentley, Porsche and Ducati, considers one large vehicle plant and one component factory in Germany to be obsolete,…