Page 49 - Climate Intelligence Unit News Today

The government’s green energy ambitions have been dealt a blow after plans for a giant offshore windfarm off the Norfolk coast ground to a halt due to spiralling supply chain costs and rising interest rates. The Swedish energy giant Vattenfall said it would stop work on the multibillion-pound Norfolk Boreas windfarm, designed to power the equivalent of 1.5m British homes, because it was no longer profitable.

Britain is particularly ill-prepared for the advent of hotter weather, scientists say, and the Government is not adapting the country fast enough to cope with even moderate increases in temperatures

Skys Tom Heap gained exclusive access to Zero Petroleum, a producer of synthetic fuel, to understand its possible role in the future of energy.

Work has stopped on one of the UK’s largest offshore wind farms after its developer said that the cost of the project had soared by so much it no longer made financial sense to push forward. Swedish energy giant Vattenfall, one of Europe’s biggest wind producers, said that the market conditions had deteriorated since it signed a contract that fixes the price of the electricity it sells for 15 years. It will shut down work on the development of the Norfolk Bo...

The Competitions and Markets Authority (CMA) has been urged to examine the UK fertiliser market following record profits.

Vattenfall stops work on the Norfolk Boreas offshore wind farm over soaring costs.

Swedens Vattenfall said that it was considering the best way forward for three projects off the coast of Norfolk.

Work has stopped on one of the UK’s largest offshore wind farms after its developer said that the cost of the project had soared by so much it no longer made financial sense to push forward.Swedish energy giant Vattenfall, one of Europe’s biggest...

Swedish energy giant Vattenfall says costs have climbed 40% due to rise in global gas prices

Industry calls on government to urgently review offshore wind contracts as 40 per cent cost increase forces Vattenfall to pause scheme that is set to power 1.5 million homes