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05 Mar 26 |
UK energy transition falling short due to lack of 'whole system' thinking, DNV report finds DNV issued its annual Energy Transition Outlook (ETO) for the UK, finding that the UK’s energy transition risks being delayed by a lack of 'whole system' thinking. UK remains global decarbonization frontrunner but will miss 2030 clean power target, 2035 Nationally Determined Contribution (NDC) and legally binding 2050 net zero goal. |
05 Mar 26 |
UK: Industry meets with Chancellor to reform Energy Profits Levy in the national interest Offshore Energies UK CEO, David Whitehouse and industry leaders met Chancellor of the Exchequer, Rachel Reeves MP at Number 11 Downing Street to lay out the steps to reform of the Energy Profits Levy this year. The meeting closed with a commitment to work together to safeguard UK energy, UK jobs, strengthen supply chains, and secure affordable, homegrown energy for the long term. |
03 Mar 26 |
UK: Ocean Winds signs Agreement for Lease for Celtic Sea site Ocean Winds, the 50-50 joint venture between EDPR and ENGIE, has signed an Agreement for Lease with The Crown Estate for a floating offshore wind project site in the Celtic Sea – marking a significant milestone for the UK’s floating offshore wind ambitions. |
03 Mar 26 |
UK: GEL achieves double first for UK with production of geothermal electricity and zero-carbon lithium on a commercial scale On 26 February GEL started delivering the UK’s first ever geothermal electricity 24/7 from its United Downs plant in Cornwall, marking a huge breakthrough for the nation’s renewable energy mix and for UK geothermal power. Octopus Energy has signed a long-term deal to purchase at least 3 MW of constant, weather-independent power from United Downs – enough to supply 10,000 homes. |
03 Mar 26 |
UK: SSEN Transmission accepts Ofgem’s RIIO-T3 Final Determination Following a thorough review of Ofgem's Final Determinations for the RIIO-T3 Price Control period, SSEN Transmission confirms its acceptance of the settlement, recognising it as an investable and deliverable settlement overall. The RIIO-T3 price control comes at a critical time for securing clean, affordable and reliable power for families and businesses across the country. |
