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Gas-fired power still looks a safe bet for Centrica in the renewables era
NEWS
5/7/2026

Gas-fired power still looks a safe bet for Centrica in the renewables era

There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchaseThe eye-catching non-Hormuz news in energy-land last month was that Great Britain is set for a record-breaking summer for wind and solar power generation. The national energy system operator even thought there could be periods – a sunny weekend or a bank holiday afternoon of low demand, for example – when more renewable power would be available than the electricity grid needed.So, on the face of it, it is an odd moment for Centrica, owner of British Gas, to fork out £370m to buy a 16-year-old combined-cycle gas turbine plant in south Wales. After all, the government’s clean power plan imagines that, come 2030, Great Britain’s entire fleet of gas plants will be used to generate only 5% of its electricity, down from 31.5% in 2025. Continue reading...

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Guardian Business
Can Chinese scientists bring Nasa’s ‘space spider’ dream to life?
NEWS
4/23/2026

Can Chinese scientists bring Nasa’s ‘space spider’ dream to life?

For years, Nasa funded a dream called SpiderFab – a spider-like robot that would crawl through orbit, weaving solar power stations and giant antennas from spools of carbon fibre – creating structures too large for any rocket to carry whole. Although SpiderFab never ended up in space, scientists from the Shenyang Institute of Automation in northern China say they have built the key technologies to reach a similar goal. The team first made the building blocks from a carbon-fibre composite, shaping...

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SCMP Economy
China Calls for Concerted Efforts to Address Solar Power Overcapacity Crisis
Developing
Business·4/20/2026AI summary

China Calls for Concerted Efforts to Address Solar Power Overcapacity Crisis

China's government agencies met Friday to address severe overcapacity in the solar power industry, proposing capacity control, price enforcement, and M&A measures to end the domestic price war. The country produces over 80% of global solar panel components but faces intense domestic competition labeled 'involution' and shrinking export opportunities due to US tariffs and EU supply chain diversification.

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CNBC