Here are some of the latest headlines from around the energy industry.
The Scottish Government has allocated £26m to an ‘energy transition zone’ in Aberdeen to help transition from oil and gas jobs to green energy in hopes of creating a hub for cleaner energies such as offshore wind and hydrogen. More on the Scottish Government’s support for the energy transition zone at the BBC here.
On Monday 21st June, The Department for Business, Energy & Industrial Strategy (BEIS) launched the Green Heat Network Fund (GHNF) Transition Scheme, a £10mn fund that will be available to public, private, and third sector applicants in England. The fund will aim to support the development of zero and low carbon heat networks, scheduled to begin in April 2022. There’s more about the Green Heat Network Fund Transition Scheme at the BEIS page here.
The International Renewable Energy Agency has found that ~two-thirds of wind and solar projects built globally last year will be able to generate cheaper electricity than the world’s cheapest coal plants. The director general said the agency’s latest research proved that “Today renewables are the cheapest source of power … Renewables present countries tied to coal with an economically attractive phase-out agenda that ensures they meet growing energy demand, while saving costs, adding jobs, boosting growth and meeting climate ambition.”
Read more about the report’s findings at the Guardian here.