Author: Alex Lawson

National Grid taps shareholders to help fund £60bn low-carbon energy switch

Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on …

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World’s largest solar manufacturer to cut one-third of workforce

China’s Longi looks to slash costs as renewable energy sector faces tough headwinds from inflationThe world’s largest solar manufacturer has slashed nearly a third of its workforce after a cost-cutting drive that included telling staff to only print in…

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Sunak faces anger over gas-power strategy for ‘backing up renewables’

PM says he will not gamble on energy security, in move likely to be seen as backwards step in decarbonising networkRishi Sunak risks further criticism from green campaigners after throwing his weight behind the building of new gas-fired power stations,…

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Labour would lift block on onshore windfarms, says Ed Miliband

Tory government has ‘ducked’ difficult decisions, leading to higher bills, says shadow energy secretaryBusiness live – latest updatesLabour has claimed a “culture of inertia and stasis” has blocked renewable energy projects under the Conservatives and …

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Danish windfarm firm Ørsted to axe up to 800 jobs and pause dividend

Company developing world’s largest offshore windfarm in North Sea attempts to recover from turbulent yearBusiness live – latest updatesEurope live – latest updatesThe Danish company developing the world’s largest offshore windfarm in the North Sea is t…

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