The UK government’s carbon-capture program rejected Drax Group Plc’s project, in a heavy blow to the introduction of the nascent technology at its power plant in northern England.
Articles
France’s weakened nuclear power output means the cost of its electricity for next winter is more than twice as expensive as Germany’s, as concerns over the health of the country’s reactors persist.
An ambitious project to send green power from Morocco to the UK through a subsea link has secured £30 million ($37 million) of funding from two major investors.
By: Jack Sidders, Todd Gillespie, Irene Garcia Perez
The Macquarie Group-backed company behind a long-delayed power plant in northern England is considering raising as much as £150 million ($188 million) from investors so it can start operating in July.
European coal fell below $100 a ton to the lowest in almost two years as a drop in power demand and gas prices curbed use of the dirtier fuel.
By: Todd Gillespie, Sonali Basak
SKKY flags Kardashian’s social reach as one of the reasons it “will win.”
The surge in wholesale electricity prices last year forced UK consumers to pay more than double the amount for power than they did before the crisis, according to a study by University College London.
British power generator SSE Plc will expand its green spending plan to £40 billion ($49.9 billion) over the next decade after earnings almost doubled last year.
The UK’s energy regulator may allow household suppliers to boost their profit margins by 27% as the industry seeks stability during its emergence from the past year’s crisis.
Traders are seeking buyers for piles of unused coal before it becomes worthless after the fuel was hoarded to save Europe’s economy from running out of power last year.