LONDON : With climate change and resource scarcity looming, the global green technology sector is leading the charge to create a cleaner energy future. Green technology (greentech) is a broad term for innovative companies that are working toward carbon-neutral solutions for a sustainable planet. In tandem with its historically hydrocarbon-powered economy, the UAE is now […]
UK watchdog studies “range anxiety” in electric vehicle charging
Research showed range anxiety was a key concern for many consumers and ensuring easy access to chargepoints was key to persuading drivers to switch to electric vehicles, the Competition and Markets Authority (CMA) said LONDON: Britain’s competition regulator said on Wednesday it would study whether the fast-growing electric vehicle charging sector worked well in helping […]
India leader on renewables, natural partner for Britain: Thompson
India is a leader on renewables and a natural partner for Britain in the shared mission to create a greener planet and enable a clean and resilient recovery from Covid-19, British Acting High Commissioner to India Jan Thompson said on Friday. New Delhi: India is a leader on renewables and a natural partner for Britain […]
UK energy regulator to introduce new rules for suppliers to protect customers
Ofgem said the new licence rules will give those in financial distress some breathing space but ultimately all customers need to pay for the energy they use LONDON: Britain’s energy market regulator Ofgem said on Monday it will introduce new licence rules for power suppliers from Dec. 15 to help protect customers who are struggling […]
Britain’s SSE sells stake in West Yorkshire facilities for $1.3 billion
British utility SSE SSE.L on Tuesday agreed to sell its 50% stake in West Yorkshire-based Ferrybridge and Skelton Grange assets for 995 million pounds ($1.30 billion) in cash, as part of its strategy to dispose of non-core assets by autumn 2021. The company said the stake in the two facilities, which convert residual residential, commercial […]
Infinite Power signs agreement with Marubeni to use power cell technology
BRITAIN-INFINITEPOWER/Infinite Power signs agreement with Marubeni to use power cell technology LONDON: Britain’s Infinite Power said on Friday it has signed a letter of intent with Marubeni’s Nuclear Fuel Dept of Japan to seek potential markets to use the firm’s power cell technology in Japan. Infinite Power has developed power cells which operate in a […]
Britain’s SSE sticks with 7.5 bln stg investment plans
The company turned its focus to renewable power generation and networks after selling its household energy supply and services arm to OVO Energy at the beginning of the year in a deal worth 500 million pounds ($628.40 million) LONDON: British renewable power generator and network operator SSE Plc said on Thursday it will stick with […]
Greencoat UK Wind to buy 320 mln stg wind UK wind project from Vattenfall
Britain has a climate target to reach net zero emissions by 2050 which will require it to build several more power renewable power plants LONDON: Infrastructure fund Greencoat UK Wind PLC has agreed to buy the South Kyle wind farm in Scotland from developer Vattenfall for 320 million pounds ($397.66 million) once the farm begins […]
Germany, Britain call for ‘green recovery’ from pandemic
Schulze suggested that one way to do this would be to help care workers buy electric vehicles for house calls. “These are many, many vehicles,” she told The AP. “It would help the economy and it would move us forward (in curbing emissions)” BERLIN: Germany and Britain said Monday that efforts to revive the global […]
Britain’s CDC adds $400 million of investments in Africa push
LONDON : UK government-owned finance agency the CDC Group has signed $400 million worth of African investment deals, part of a wider drive by Britain to develop new trade ties as it prepares to leave the European Union. CDC announced the new deals on Monday as Prime Minister Boris Johnson called for deeper links between […]