ScottishNews.com

Energy

SSE doubles profits and pledges more green energy investment

Published 1 year ago

Perth-based power generator and network operator, SSE, has revealed a near doubling of annual profits, driven by surging energy prices which fuelled a boom for its gas-fired power plants.

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Brimmond forecasts £10m turnover for FY 2023/24 after reporting record results

Published 1 year ago

Engineering firm, Brimmond, is celebrating a record financial year, having realised a turnover of £6.5 million, marking a 10% increase from the prior year.

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Blackfish launches Scottish arm to support offshore wind sector

Published 1 year ago

Offshore engineers Blackfish have today launched a Scottish arm to support the fast-expanding offshore wind sector – with the goal of helping operators accelerate innovation and drive down cost.

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Sumitomo’s £200m investment in subsea cable factory to boost Highlands green jobs

Published 1 year ago

In a significant boost to Scotland’s green energy sector, Sumitomo Electric Industries, a Japanese multinational corporation, has announced a £200 million investment in a new high-voltage subsea cable manufacturing plant.

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Steyn Group funds Carbon Capture Scotland’s ambition for largest carbon capture plant

Published 1 year ago

Supported by Thorntons, Dumfries and Galloway-based Carbon Capture Scotland has secured a seven-figure sum investment from Steyn Group to facilitate further growth.

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Forth Ports commits to be net zero by 2042

Published 1 year ago

Scotland’s biggest port operator Forth Ports has outlined a commitment for its operations to be carbon neutral by 2032 and net zero by 2042.

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Apollo drops £1.7bn bid for Wood Group

Published 1 year ago

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.

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Scottish wind to power Canary Wharf in new deal with Brookfield

Published 1 year ago

Canary Wharf Group (CWG) has entered into a 15-year power purchase agreement (PPA) with global asset manager and renewable energy provider Brookfield to buy clean energy and support the construction of a new wind farm in Scotland.

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TowerBrook Capital invests in Glasgow EV charging firm Envevo

Published 1 year ago

International investment firm TowerBrook Capital Partners has invested an undisclosed amount in Envevo, an EV charging points design and installation firm catering to B2B clients.

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Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth

Published 1 year ago

Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans.

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Ardersier Port receives £300m to advance offshore wind and decommissioning initiatives

Published 1 year ago

Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port’s redevelopment into a major energy transition facility.

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Wood Group considers Apollo’s £1.7 billion takeover bid

Published 1 year ago

Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.

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Dundee gigafactory plans at risk as AMTE Power eyes US subsidies

Published 1 year ago

AMTE Power, a UK-based battery manufacturer, is considering relocating its planned gigafactory from Dundee to the United States due to the Inflation Reduction Act’s subsidies.

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Energy sector expects windfall tax relief as oil and gas prices fall

Published 1 year ago

UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.

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Crown Estate Scotland secures £262m from North Sea decarbonisation projects

Published 1 year ago

Crown Estate Scotland has secured £262 million in applicant fees from the first leasing round designed to enable offshore wind energy to directly supply offshore oil and gas platforms.

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