Tag: Scotland

PolicyTrade

Chinese Wind Power Giant Proposes Major Scottish Manufacturing Hub Amid European Expansion

Chinese wind turbine manufacturer Ming Yang is reportedly planning a major Scottish manufacturing facility that could bring £1.5 billion in investment and up to 3,000 jobs. The proposal comes as China accelerates its offshore wind capacity while European manufacturers face increasing competition.

Major Chinese Wind Investment Proposed for Scottish Coast

A significant renewable energy manufacturing proposal from Chinese industrial giant Ming Yang is generating both excitement and scrutiny across Scottish political and business circles, according to reports. The company, which has emerged as a dominant player in China’s rapid offshore wind expansion, is reportedly planning a factory that would produce massive turbine components for the European market along the Moray Firth.

by Priya Kapoor
EnergyPolicy

Energy Standing Charge Overhaul Faces Industry Pushback as Debt Hits Record £4.4bn

Energy suppliers have expressed significant concerns about Ofgem’s proposed standing charge overhaul, warning the changes could worsen affordability issues for vulnerable households. Meanwhile, customer debt to energy companies has reached a record £4.4 billion, with over one million households having no repayment arrangements in place.

Energy Industry Leaders Question Ofgem’s Standing Charge Reforms

Energy executives have expressed significant reservations about regulator Ofgem‘s proposed overhaul of standing charges, warning MPs that the plans could potentially backfire and worsen affordability issues for struggling households. According to reports from the Energy Security and Net Zero Committee hearing, industry leaders from the UK’s largest suppliers questioned the effectiveness of the proposed changes.

by Samuel Kim