Energy

Aberdeen-based Parkmead Group has announced a substantial pre-tax loss of £35 million after impairments related to the relinquishment of North Sea licences.

SSE plc has published details of its 2023/24 interim results and announced a £2.5 billion increase to its existing five-year investment programme, expecting £20.5bn of investment to 2027 compared to £18bn previously.

Scottish wave energy firm Mocean Energy has secured a total of £2.7 million through equity and grants to advance the commercialisation of its innovative wave energy converters.

Aberdeen-based energy and engineering services firm Wood Group has reinforced its annual financial projections following a lucrative third quarter, which saw several substantial contract gains.

Abrdn has announced that its Infrastructure team has expanded its portfolio by securing a 49% stake in the Finnish regional energy provider Etelä-Savon Energia Oy, based in Mikkeli, Eastern Finland.

Scottish energy firm Aurora Energy Services Ltd has expanded its international footprint with the acquisition of Cotech Group, a US wind turbine blade repair and maintenance specialist. The deal – for an undisclosed sum – is the fourth and largest acquisition to date by Inverness-ba

THREE60 Energy, an energy services company based in Aberdeen, has acquired fellow Scottish firms Pryme Group and Flexlife, in a significant move to form a £200 million global enterprise with extensive industrial diversification and immense growth prospects.

Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has sold a 16.6% stake in the 950 MW Moray East Offshore Wind Farm to Equitix.

Aberdeen-based Global Wind Projects (GWP) is set to expand its operations after successfully completing the first of three contracts in Ireland, collectively valued at around £8.6 million. Owned by Highland entrepreneur Roy MacGregor, the company is a division of Global Port Services and was e

With millions in funding secured, ETZ Ltd, a not-for-profit company tasked with spearheading North East Scotland’s energy transition ambition, has unveiled its plans to build a transformative Energy Transition Skills Hub that aims to equip the workforce of the future with the skills industry n

Battery manufacturer AMTE Power, which has a plant in Thurso and plans for a 'megafactory' in Dundee, has had its share trading temporarily suspended on the London Stock Exchange (LSE). In recent months the company has been faced with a precarious financial situation. In July, the company warne

Edinburgh-based tidal energy firm QED Naval has secured funding through the UK government’s AR5 programme, with the potential to generate £30 million in gross value added (GVA) for company over the next three years. The renewable energy company, through its Welsh subsidiary Mor Ener

VINCI Energies has solidified its position in Scotland by acquiring NorPower, a Muir of Ord-based company specialising in extra high voltage overhead lines in the UK. Founded in 2003, NorPower has expertise in the construction, installation, reconfiguration, and refurbishment of woodpole and steel o

Projects in Aberdeenshire and the Humber have been chosen as the third and fourth carbon capture usage and storage (CCUS) clusters in the UK.

Thai state petroleum company PTTEP has joined a collaborative green technology initiative based in Scotland, aimed at demonstrating the potential of wave-powered subsea equipment. The project, dubbed Renewables for Subsea Power (RSP), includes a £2 million demonstrator initiative which is curr