EVOL: Money Money Money, Shell sells, CCS support and Labour funding

This week Ryan, Erikka and Mat discuss everything from SctoWind troubles to the investment needed in the UK's energy transition, can you spot the common theme? Money!

Ryan has been looking into the market speculation that Shell is looking to sell up its stake in the two ScotWind leases it secured in 2022. The firm and its partner Scottish Power forked out £154,400,000 for the two floating wind sites that are set to produce a combined 5GW of power during Crown Estate Scotland's leasing round. 

CCS investment is a "risk worth taking", said the National Audit Office. Mat has been diving through some of the reports that got held up with this summer's general election. The NAO explained that warned slow progress on the first phase of ‘Track-1’ projects means the government will struggle to achieve its 2030 CCUS ambitions.

Finally, Erikka looks at the UK's Contracts for Difference (CfD) scheme and how it might change under the Labour Government. She is also speculating on what assets GB Energy may be looking to take over, but for that to happen Labour has to "get their finger out" as she said.

 

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