Hints and tips:
...The sector has had a troubled year, particularly in the US, where several developers have been trying to renegotiate power sales deals to factor in surging costs due to high interest rates and supply chain...
...The U-turns included pushing back a ban on the sale of new petrol and diesel cars from 2030 to 2035 and diluting the phaseout of fossil fuel boilers....
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
...The NAO said the 2028 annual heat pump sales target of 600,000 had assumed the plan to fine gas boiler makers would come into force next month....
...Last September, the government delayed the planned national ban on the sale of new petrol and diesel cars, from 2030 to 2035....
...Yet industry executives said that hitting the ambitious 2028 installation target required clear signals from the government that it planned to stick to its proposed phaseout from 2035 of sales of all new...
...In September, the government delayed the UK’s planned ban on the sale of new petrol and diesel cars from 2030 to 2035, and also weakened measures to get households to move away from gas-fired boilers for...
...Macquarie said there was no change in strategy despite the sale....
...Ørsted, the world’s largest offshore wind developer, has walked away from two projects in the US and others are trying to negotiate sales....
...The pressures are particularly affecting projects in the US, where several developers are trying to renegotiate electricity sales agreements to take into account rising costs....
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
...oil and gas producer will pay an initial £254mn for the 50.03 per cent it does not already own of Lightsource BP, with the potential for further payments depending on the company’s performance and the sale...
...Of the rest, about 18GW are “experiencing some level of stress” and 5GW have backed out of their long-term power sales deals to try to renegotiate....
...It has earlier-stage agreements with several other companies including glassmaker Pilkington but these are not yet firm sales deals....
...The prime minister announced a series of U-turns on Britain’s green ambitions last month, including delaying a ban on sales of new petrol and diesel cars to 2035, the phaseout of fossil fuel boilers and...
...Sunak has also promised legislation to phase out smoking, announcing plans to ban the sale of tobacco to anyone born after January 1 2009 in his Tory conference speech this month....
...Delaying the ban on new petrol and diesel car sales could be costly in the long run Sunak justified his measures by saying he did not want to pass on additional costs to consumers....
...The longstanding 2030 pledge had helped spur electric car sales and drive investments into the UK....
...As part of the sale, Shell and Octopus have also agreed to explore what they described as a “potential international partnership” on electric vehicle charging....
...Birol also criticised UK prime minister Rishi Sunak’s decision to delay the ban on the sale of petrol and diesel cars to 2035, saying advanced economies should take the lead and “increase ambition rather...
...Industry figures said the 2030 target helped drive sales....
...Labour’s decision not to challenge the Conservative prime minister’s weakened goals is in contrast to its pledge to reverse the government’s five-year delay on the ban on sales of new petrol and diesel cars...
...In Italy, tax credits worth up to 110 per cent of the cost of energy efficiency upgrades have boosted sales to be the seventh highest in Europe last year....
...National Grid said the £700mn proceeds from the 20 per cent further stake sale in National Gas would be put to several uses including paying down debt....
...“Glimmers of the net zero transition can be seen in growing sales of new electric cars and the continued deployment of renewable capacity, but the scale-up of action overall is worryingly slow,” it said....
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