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Eco News

Scottish Power says UK will need to boost capacity

Article taken from BBC News: Britain will need to boost its generation of electricity by about a quarter, Scottish Power has estimated. The energy firm said electric cars and a shift to electric heating could send demand for power soaring. Its chief executive also said there would have to be a major investment in the wiring necessary to handle rapid charging of car batteries. Keith Anderson was speaking as the firm reached the milestone of 2,000 megawatts of wind power Read More...

Tesla completes its $2.6 billion acquisition of SolarCity

Article taken from The Verge: As expected, Tesla completed its $2.6 billion acquisition of SolarCity, a company spokesperson confirmed Monday. The deal unites two of Elon Musk’s companies, enabling the billionaire to sell both electric cars and solar roofs to his customers under one corporate brand. Last week, over 85 percent of Tesla shareholders approved the deal, which was first announced by Musk back in August. At the time, Tesla said that merging the two companies would allow them to scale Read More...

Climate change: EU eyes new green energy targets

An EU summit has begun in Brussels aiming for agreement on carbon emission cuts that could make Europe a global leader again in climate policy. The European Commission has proposed a 40% cut in CO2 emissions by 2030. The EU also aims to boost the use of renewable energy to 27% in the total energy mix. Europe’s reliance on Russian gas has become a hot topic because of the Ukraine crisis, besides the climate impact of CO2. The leaders will Read More...

Green deal finance firm warns about funding gap

A finance company established to provide loans to homeowners as part of the government’s flagship energy efficiency programme has warned it may consider voluntary liquidation at a board meeting next week. The Green Deal Finance Company, set up with more than £240m of public money, has run into trouble partly because it has been unable to convince the state-owned Green Investment Bank to continue funding. The GDFC said talks were continuing with the bank and the company, which is backed Read More...

Save green deal by offering financial incentives to households, MPs say

Report advocates council tax discounts and stamp duty rebates to revive flagship energy efficiency scheme. Stamp duty discounts, variable council tax rates and other financial incentives should be offered to help households reduce energy bills and revive the government’s flagship conservation initiative, a group of MPs has urged in a scathing report. The green deal, launched in January 2012 to encourage energy efficiency, has been a failure and needs a complete rethink, says the energy and climate change select committee. Although Read More...

GREEN DEAL Loan for PV Solar Installations

Green Deal loan could provide up to 37% of installation costs The Department of Energy and Climate Change (DECC) has produced a useful guide detailing how homeowners can benefit from changes that will not only provide long term savings from the Feed-in Tariff but also recover some of their installation costs from the Green Deal. To view the full guide visit: https://www.gov.uk/government/uploads Read More...

Press release from Department of Energy and Climate Change

Green Deal to be the best for consumers   Climate Change Minister Greg Barker has set out plans to ensure the Green Deal won’t rip off consumers. The Green Deal is the government’s flagship energy saving plan to transform the country’s homes to make them warmer and cheaper to run. From next year, people will be able to access up to £10,000 upfront to pay for energy efficiency work, repaying the costs through savings on energy bills. Similar support will be available Read More...