The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capable of producing 220 MW clean powers. With the acquisition, GIBF will produce 3,970 GWh of clean power each year. Meanwhile, BlackRock will own and manage 66 wind and solar projects in Europe and North America on behalf of its clients.
Collapsing oil prices are prompting energy firms to lay off workers. Royal Dutch Shell and Centrica -- two of Britain's leading energy firms -- are cutting more than 12,000 jobs this year.
Centrica announced that it expects to close its USD 1 billion buy of Hess's Energy Marketing this year.
Centrica Plc finalized the deal that enabled them to acquire Direct Energy Business for US$731 million.
Centrica's subsidiary,Direct Energy, has agreed to acquire Bounce Energy.