Energy

Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023. Moray West is situated 22km off

Two oil and gas sector specialists from law firm CMS have launched a new book outlining the ‘radical’ approach of the UK’s MER (maximising economic recovery) regime governing North Sea drilling operations. Maximising Economic Recovery: A New Approach to Regulating the UK's Offshore

Virgin Money has made a £14 million agreement with Ripple Energy to facilitate the development of an innovative 18.8MW wind farm in Ayrshire. The Kirk Hill Wind Farm, which will be partly owned by individuals, small businesses and commercial property investor Bruntwood, will be operated on a c

Aberdeenshire-headquartered services provider to the energy sector, AquaTerra Group, has revealed two developments that are expected to double its annual turnover to £14 million. These advances include the introduction of a bespoke non-destructive testing (NDT) reporting software and the estab

Gordon McIntosh has assumed the chairmanship of Scottish tidal energy firm QED Naval. Mr McIntosh's is also chairman at Aberdeen International Associates and a director of Aberdeen Renewable Energy Group, which he established. He has also held senior roles at the Aberdeen City Council from 1995 to 2

AMTE Power, Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has said it is urgently seeking to raise new funds as it contends with a dwindling cash position.

Scottish energy giant SSE has been fined £9.78 million by the energy regulator, Ofgem, for excessive charges during a time when output had to be reduced to prevent overloading of the national electricity grid.

Edinburgh-based Carbogenics, which has developed proprietary technology that boosts green energy production, has raised more than £1 million in investment to build its first production and R&D facility in Scotland. The company turns difficult-to-recycle food, farm and paper waste which wou

Blackfish Engineering Design, a company specialising in offshore engineering, has launched its services into Scotland to tap into the rapidly growing offshore wind sector – with the goal of helping operators accelerate innovation and drive down cost. Based in Bristol, Blackfish has establ

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.

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.

Shell reported a record Q1 profit of $9.6 billion (£7.64bn), surpassing analysts' estimates of $8bn (£6.37bn), as higher trading earnings and liquefied natural gas (LNG) production compensated for lower oil and gas prices.

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. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa

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. The funding will acceler

Scottish energy storage company Gravitricity is set to enter the US market, after it partnered with Illinois-based IEA Infrastructure Construction to secure funding for renewable energy projects. This collaboration comes as the Biden administration recently allocated $450 million (£361m) for c