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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

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    Climate Council of Australia Urges Clean Energy Storage Plan

    The U.S. Targets No Heavy-Duty Vehicle Emissions By 2040

    Stronger Hydrogen Regulations Introduced In South Korea

    UK To Charge Renewable Energy Generators A 45% Windfall Tax

    UK To Charge Renewable Energy Generators A 45% Windfall Tax

    IRENA, WMO Join To Support Renewable Energy Transformation

    U.S., Japan, And Allies Fund $20bn To Cut Indonesia Off Coal

    Norway to invest in renewable projects in developing countries

    By 2030, Mexico Aims To Double Its Renewable Energy Capacity

    Hull Street Energy Acquires Hydroelectric Plant From Enel Green Power North America And GE Energy Financial Services

    GE Renewable Energy to upgrade Don Pedro hydroelectric plant in California

    Acciona and Korea Zinc to build MacIntyre wind farm in Queensland, Australia

    Acciona Energia signs PPA to supply renewable energy to Stanwell Corporation

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

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BP to invest up to £18 billion in UK energy system by 2030

in Market Reports, News

BP intends to invest up to £18 billion in the UK energy system by the end of 2030, demonstrating its commitment to the country.

As one of the largest oil and gas producers in the UK, bp intends to continue investing in North Sea oil and gas, while driving down operational emissions. bp is also in action on a range of lower carbon energy investments in the UK, which are expected to bring jobs and develop new skills and capabilities.

“We’re backing Britain. It been our home for over 110 years, and we’ve been investing in North Sea oil and gas for more than 50 years. We’re fully committed to the UK’s energy transition – providing reliable home-grown energy and, at the same time, focusing on the drive to net zero. And we have ambitious plans to do more and to go faster,” said Bernard Looney, CEO at bp.

The UK projects that bp is looking at includes a £1 billion investment in EV charging in the UK over the next 10 years, tripling the number of bp UK charging points by 2030 and deploying more rapid and ultra-fast chargers in key locations.

Continuing to develop their retail network across the UK, providing advanced fuels and convenience through their partnership with M&S Food. There are more than 1,200 bp-branded retail sites in the UK, including around 300 operated directly by the company.

They are planning to create two large-scale hydrogen production facilities, H2 Teesside (blue) and HyGreen Teesside (green), aiming to produce 1.5GW of hydrogen by 2030 – 15% of the UK government’s 10GW target by 2030.

The investment also includes infrastructure, ports, harbours and shipyards, including the construction of four ships to support the offshore wind projects across the UK.

 

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