Energy

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.

Businesses operating in the UK energy sector should consider how they can use their gender pay gap (GPG) data as a catalyst for change in their organisation, writes Susannah Donaldson. Analysis by Pinsent Masons has found that many businesses in the sector are already taking positive action to

Aberdeen-based OEG Energy Group Limited has enhanced its capabilities in the subsea and inspection realms with the acquisition of Bluestream Offshore B.V, a Dutch company specialising in subsea and topside services, for an undisclosed sum. This move marks OEG’s fifth acquisition of the year an

Aberdeen-based Parkmead Group has announced a substantial pre-tax loss of £35 million after impairments related to the relinquishment of North Sea licences.

SSE plc has published details of its 2023/24 interim results and announced a £2.5 billion increase to its existing five-year investment programme, expecting £20.5bn of investment to 2027 compared to £18bn previously.