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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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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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    HANetf launches Europes first solar energy ETF

    US Clean Energy Sector Sees A Record Investment Due To IRA

    NIC Says, Onshore Wind In UK Should Re-Join The NSIP System

    enercast Wins Nationwide Contract for Wind and Solar Energy Forecasts in Ukraine

    Australia Hits Record Numbers In Renewable Energy Projects

    Offshore Wind Creation In Japan Finds Active Role By Britain

    Asia Pacific to Become Largest Offshore Wind Power Market by 2030

    2030 To See Japanese Offshore Wind Segment Hitting 6GW

    Nawah Energy starts Unit II of Barakah Nuclear Power Plant in UAE

    Nuclear, Renewables To Get A Boost With UK, South Korea Deal

    Enel plans to expand power distribution business into US

    Asia Power Consumption To Grow 3.5% Per Year In Next Decade

    Norway to invest in renewable projects in developing countries

    Wind, Solar Contribute 12% In Global Power Mix In 2022

    OMV and VERBUND begin construction on Austria's largest area photovoltaic plant

    India To Be Second Largest PV Producer Globally In 3 Years

  • 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

    Sustainable energy: industry get-together at hy-fcell

    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    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

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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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