The UK is the latest country to ready for blackouts and power shortages this winter, as Europe’s energy crisis intensifies, according to a report

The UK is the latest country preparing to implement emergency measures this winter as soaring gas and electricity prices fuel an energy crisis in Europe. The British government is prepared to trigger emergency measures in January to conserve gas as electricity imports fall, according to Bloomberg. A number of countries, including Germany, the Netherlands and Denmark…

MaresConnect Interconnector Secures Ofgem Licence

Dublin, 06 July 2022 – Ofgem’s licence grants MaresConnect the right to own and operate an electricity interconnector project in the UK and provides certain associated powers as a statutory undertaker. MaresConnect is a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain¹. The cable route is approximately 245km underground and…

MaresConnect Interconnector Raises New Capital From Foresight Energy Infrastructure Partners

London, 11 May 2022 • Funding secured for the project’s development to position MaresConnect as Ireland’s next interconnector • MaresConnect will make a major contribution to achieving Ireland’s 2030 environmental goals Foresight Group Holdings Limited¹, the listed sustainability-led infrastructure and private equity investment manager, has acquired a majority stake in the MaresConnect² interconnector project (“MaresConnect”),…

Energy: What do we know about the UK’s new strategy?

The plan will aim to boost UK energy production, including from renewable sources, in a bid to move away from Russian oil and gas. Boris Johnson has been holding talks with figures from the nuclear, renewables, and North Sea oil and gas sectors ahead of the launch. Ministers are also under pressure over soaring energy…

Inside Britain’s energy crisis – and how to fix it

Wind farms deliver almost a fifth of Britain’s electricity, but a freak anticyclone has hovered over Western Europe since mid-August, bringing calmer weather and low wind speeds, sapping power production.  According to energy consultant Cornwall Insight, wind typically accounts for 18pc of the nation’s power mix, a share which has dropped to just 2pc in…