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China’s Longi looks to slash costs as renewable energy sector faces tough headwinds from inflationThe world’s largest solar manufacturer has slashed nearly a third of its workforce after a cost-cutting drive that included telling staff to only print in black and white fell short and as a chill ripples through the renewable energy sector.China’s Longi is to cut as much as 30% of its...

Exclusive: party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines Thames Water should be put into special administration by the government and reformed as a public benefit company, the Liberal Democrats have said.Sarah Olney, the Lib Dems’ Treasury spokesperson, will call in a parliamentary debate for the biggest privatised English water company to be wound...

Ministers disappointed by decision of one of worst sewage dumpers not to join England-wide initiativeThames Water has risked a fresh backlash over its commitment to tackling sewage dumping after it declined to commit funds to a £180m industry-wide initiative to fast-track efforts to reduce pollution in England’s waterways. The government said on Monday that the sum would be spent by six companies over the...

Green businesses and jobs are booming – in stark contrast to the national economy – but political U-turns risk future growthThe UK’s net zero economy grew by 9% in 2023, a report has revealed, in stark contrast to the 0.1% growth seen in the economy overall. Nevertheless, the report pointed out that strong future growth from green businesses was being put at risk by...

Remarks by head of trade authority come amid fears UK firms could be undercut ‘to extinction’The head of Britain’s post-Brexit trade watchdog has said it is ready to follow Brussels in launching an investigation into Chinese companies flooding the market for electric cars, but the government has not asked it to do so.Oliver Griffiths, the chief executive of the UK’s Trade Remedies Authority (TRA),...

French energy company to invest a further £1.3bn in its British nuclear fleet up to 2026EDF Energy is planning to extend the life of four nuclear power stations in the UK and step up investment in its British nuclear fleet.The French energy company said it would make a decision on whether to extend the life of the four UK plants with advanced gas-cooled reactors...