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LSE report: £330 billion investment needed in energy sector

The UK will need to invest a staggering £330 billion in its energy sector by 2030 in order to meet its carbon emissions targets, according to a new report by the London School of Economics (LSE). The huge investment is required to limit the country's energy demands, as well as to fund the construction of ...

09 November

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Hitachi purchases Horizon nuclear power project from E.ON and RWE

Japanese multinational conglomerate Hitachi is set to provide the UK nuclear power market with a boost after it bought Horizon Nuclear Power. It's signed a deal worth £700 million to purchase the company from energy suppliers E.ON - which is partaking in the Warm Home Discount Scheme - and RWE. Horizon was planning to build ...

30 October

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UK could face blackouts by 2015 - Ofgem warns

Industry regulator Ofgem has warned that the United Kingdom could face blackouts in the near future. Currently the chances of a blackout occurring stand at zero, however, this is expected to reach one in 12 by 2015-16, the Telegraph has reported. This is because the amount of operational power stations in the UK is decreasing ...

09 October

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RWE and E.ON abandon plans to construct nuclear power plants

Energy companies RWE npower and E.ON have abandoned to plans to develop nuclear power plants, in a decision which could severely impede the government's nuclear energy plans, according to an article published by the Independent. RWE and E.ON originally had plans in place to develop plants at Wylfa, North Wales, and Oldbury-on-Severn, Gloucestershire; however because ...

02 April

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