The Western Isles and Spittal-Peterhead subsea links will be part of a larger framework agreement that aims to deploy up to five HVDC power corridors, enabling the efficient transfer of renewable power from northern Scotland to areas of higher consumption in the south.

This project, claimed to be the country's largest single hybrid project catering to the commercial and industrial sector, was built within 14 months.

The proposed sites could have a combined storage capacity of 90MW and would support the national grid during peak periods.

This substantial funding boost comes at a crucial time for the renewable power sector, which requires significant capital to meet climate goals while grappling with rising interest rates.

The European Investment Bank conducted the 2022 Municipality Survey, which gathered insights from 744 municipalities in the EU. The findings highlight concerns related to funding, regulatory processes, and a lack of skilled labor required for successful green and digital transitions.

A new plan to cut greenhouse gases and lower energy costs by investing in renewable energy and nuclear is being unveiled by the government.

A package of green policies is expected to be announced to aid the UK’s net zero target, but what exactly are the hopes of the energy industry for the following day?

Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year despite the lingering effects of COVID-19 and the growing energy crisis, according to a new report by International Renewable Energy Agency (IRENA).

The representatives of a number of European energy industry associations and universities have issued a joint letter, urging for the adoption of a European-wide 45% or higher renewable energy target by 2030 to counteract rising energy prices.

The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.