Perth-based waste manager Binn Group and French recycling and green energies firm Paprec have partnered on a new energy from waste (EfW) facility in Tayside. This €120 million project aims to provide low carbon energy to local industries, creating 200 jobs during construction and 30 long-term p
Energy
Drax Group has announced it is investing £80 million in a major refurbishment of its Cruachan pumped storage hydro power station in Scotland – increasing its capacity and supporting UK energy security.
Shipbuilder and fabrication company Harland & Wolff has received a nod of approval from the Scottish Offshore Wind Energy Council (SOWEC) for its £270 million plans to revamp facilities at its two Scottish locations into premier hubs for renewable infrastructure. Proposals for Harland &
Scottish startup Clyde Hydrogen Systems has completed a £1 million pre-seed funding round, marking a significant milestone in its mission to revolutionise the hydrogen energy sector.
Harper Macleod has advised on the sale of the assets and operations of the Glendevon Hydro Scheme in Dollar, by Torishima Service Solutions Europe Limited to Renfin & Hydropol Group. The scheme, constructed by Torishima in partnership with Scottish Water in 2022, was one of the first of its kind
Edinburgh-based Corran Capital has secured £80 million for its second fund, Corran II, dedicated to investments in clean energy and climate-focused companies throughout the UK. The specialist clean energy private equity firm has invested part of the funding to acquire a 30% stake in Vital Ener
Energy regulator Ofgem has ordered electricity generator Dorenell Windfarm Limited (DWL) to make a payment of £5.53 million following a breach of energy market rules. Following a period of engagement with Ofgem, DWL, who generate electricity in Northern Scotland, will pay £5.53m into Of
Edinburgh-based green energy integrators, Logan Energy, has successfully secured a substantial £5 million investment to advance its systems-led approach within the burgeoning hydrogen power sector. Logan Energy, with manufacturing facilities in Wallyford and development facilities at Heriot-Wa
Energy major Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the coast of Orkney through a combination of wave power and subsea energy storage. The £2 million demonstrator initiative, which is currently nearing 12 mo
The Dundee Renewable Energy Society has raised £2.46 million in a recent crowdfunding campaign to build a new solar farm on the outskirts of Dundee. Construction is set to begin soon, after 589 people supported the crowdfunder.
ScottishPower has announced an unprecedented £5.4 billion worth of contract opportunities, marking its largest-ever issued contract initiative, as it ramps up its next phase of electricity network investment.
Energy industry firm Wood Group has released its full-year trading update for the year ending 31 December 2023, demonstrating robust financial results in line with expectations.
In response to persistent advocacy by the Aberdeen & Grampian Chamber of Commerce, the UK government has announced changes to the windfall tax, slated to take effect from April.
North Sea oil and gas operator Ithaca Energy has announced the departure of its chief executive officer, Alan Bruce, who led the company through its successful IPO in November 2022. Effective immediately, the board has appointed Iain Lewis, the chief financial officer, as the interim CEO while activ
SGN has announced the appointment of Darren Elsom as its new chief operating officer. Mr Elsom is a highly respected senior leader in the energy sector with over 30 years’ experience. He will oversee SGN’s operations, engineering, asset management and customer service.