Daily Debrief

Ørsted has entered into an agreement with Apollo-managed funds for a 50% equity ownership share in Ørsted’s 2.9 GW Hornsea 3 offshore wind farm in the UK.

Conclusion of $9.4bn rights issue and $6,5bn Hornsea 3 farm-down have put Danish developer in more 'robust' financial situation, CEO says

Nuclear developer announces landmark funding deal with support from National Wealth Fund and BpifranceAE export credit facility

The costs of scaling up offshore wind platforms are expected to peak in the first half of this year, says Vestas CEO Henrik Andersen, who believes offshore wind is being subjected to unfair criticism.

Battery electric vehicles made up 26 per cent of all new car registrations in October, while plug-in hybrids' market share grew to 12 per cent

Analysts say Britain’s biggest power plant in line to earn £458.6m a year under new government subsidy contract Britain’s biggest power plant will continue to earn more than £1m a day from burning wood pellets under a new government subsidy contract designed to halve its financial support, according to analysts. The Drax power plant in North Yorkshire is in line to earn £458.6m a year between 2027 and 2031 after the government agreed to extend its subsidies beyond 2026, according to analysts at Ember, a climate thinktank. Continue reading...

Speech by Energy Minister Michael Shanks to the Cornwall Insight annual energy conference 2025.

Report calls for scaling-up of renewable energy and electrification of key sectors to limit peak of global heating There is still a chance for the world to avoid the worst ravages of climate breakdown and return to the goal of 1.5C if governments take concerted action on greenhouse gas emissions, a new assessment argues. The Climate Analytics report says governments’ goals are inadequate and need to be rapidly revised, and calls for the rapid scaling-up of the use of renewable energy and electrification of key sectors including transport, heating and industry. Continue reading...

Workforce report shows UK can support oil and gas, expand renewables, and reach climate goals The UK could add thousands of jobs, retain economic value and lead the world in energy with the right policies, collaborative action, and a focus on an integrated energy workforce, according to OEUK’s 2025 Workforce Insight. Providing a blueprint for […]

Unlike Equinor’s CEO, who has called for ”new business models” in the industry, Ørsted has made the necessary adjustments to its offshore wind business model, says Rasmus Errboe.

New report from Pexapark attributes recent slowdown in number of clean energy PPAs to price divergence between developers and corporate customers - but could the energy storage boom spark a revival?

Multilateral efforts to tackle climate change can still deliver for the UK and for the world

Despite the “asymmetry,” whereby Apollo will receive the vast majority of the revenue from production in the first 13 years, the 50% sale of Hornsea 3 is both beneficial and important, the CEO says.

UK chancellor’s expected move in the Budget is set to fall short of Labour party’s pre-election pledge

Treasury reportedly considering scaling back energy efficiency schemes, as part of efforts to curb energy bills