This newsletter peddles many and various stories, but none as big as the Inflation Reduction Act. It is not a stretch to imagine that the next generation will point to Joe Biden’s initiative as the moment that the energy transition got its wings. COMPANY NEWS Ørsted Posts All-Time High Offshore Wind EarningsEarnings from the company’s … Read More
Two stories today about drilling holes in the ground: This is just my view, but I suggest that the Government would be better advised to support Enhanced Geothermal that CCS. If CCS was really the answer it would have been built years ago. I shall watch with interest to see how enthusiastically the Harbour/BP venture … Read More
Looking forward to “Green Day” where the Government responds to Chris Skidmore’s Net Zero Review and, less directly to the USA’s Inflation Reduction Act. It must be said that the IRA has raised the bar for Government involvement in Net Zero spending, first in the US, then the EU and now, hopefully, the UK. It … Read More
Everyone has a view on Elon Musk, he’s hard to ignore. But I do like the description of him by Charlie Munger as “gifted but weird”. Charlie has earned the right to his views as it was him who suggested to Warren Buffet that he invest in $232m in a then unknown Chinese battery company … Read More
For those of you who are unsure as to whether to take the plunge and buy or lease an EV, a subscription like that offered by ONTO (below) is useful. You can try a couple of cars for a month or so each and see how you go or, if you are an occasional driver … Read More
Re-reading this week’s ‘bits, it occurs to me that if the Government were to implement enough of the recommendations of Chris Skidmore’s review, we would be a lot less likely to suffer disasters such as British Volt. COMPANY NEWS Lightsource bp closes first tax equity deal with Wells Fargo for 481 megawatt solar portfolioLightsource bp … Read More
Encouraging to start the year with record levels of wind generation in the UK. Good news, but might it be seen as a metaphor for some turbulence to come? There are plenty of challenges ahead as highlighted in the Focus section below. COMPANY NEWS Insurance giant Chubb launches global climate businessProperty insurance giant Chubb has … Read More
COP27 continues to debate the EU’s late arriving proposal on a loss and damage fund, so we shall have to wait on that, the most important decision at this year’s summit. In the meantime the UK’s Autumn statement is with us, and with it the expected windfall tax on electricity generators. General consensus seems to … Read More
Glad to see the post about the boom in renewables, below. I hope that the UK will join in, although messages are mixed currently. A good example being that we criticise the President of DR Congo for issuing licenses to drill for oil in peatlands and then issue plenty of our own in the North … Read More
Does the Government really want to restart fracking in their Red Wall constituencies, or is it all just a ruse, a virtual stick to poke us Woke-y’s with? COMPANY NEWS Iberdrola sells share of wind farm for €700mIberdrola has signed an agreement with Swiss investment firm Energy Infrastructure Partners (EIP) for the sale of a … Read More