ScottishNews.com

Energy

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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Gravitricity secures route to Czech market with Nano Energies partnership

Published 1 year ago

Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology.

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Prax acquires Hurricane Energy in £249 million deal

Published 1 year ago

Prax Exploration & Production has reached an agreement to acquire North Sea oil firm Hurricane Energy in a deal worth £249 million.

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