ScottishNews.com

Energy

Deputy First Minister unveils new green heating in Dalmarnock

Published 2 years ago

The Deputy First Minister yesterday switched on an innovative new District Heating Network in the east end of Glasgow.

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Planning changes to enable renewables measures for businesses

Published 2 years ago

The Scottish Government is consulting on measures that will save businesses time and money by making it easier to install renewable energy equipment.

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North Ayrshire cable factory creating 900 jobs receives planning approval

Published 2 years ago

North Ayrshire Council has granted full planning permission to XLCC’s high-voltage direct current (HVDC) subsea cable manufacturing operations at a brownfield site in Hunterston, Scotland.

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SSE doubles profits and pledges more green energy investment

Published 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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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