Indian government seizes $216m after sale of part of Cairn’s Vedanta stake
Cairn Energy yesterday said the Indian government had sold part of the Scottish firm’s stake in Vedanta and seized the $216 million (£162m) proceeds as arbitration over a long-running tax dispute nears.
Comment: Devolved seabed powers spell promising future for Scotland
Management of the Scottish seabed is a current topic for developers and those with an interest in offshore renewable energy projects, following the recent transfer of the Crown Estate’s Scottish functions to the control of the Scottish Parliament.
Edinburgh firm get smart with £20m in savings to UK businesses
An Edinburgh-based energy firm that started at a kitchen table is celebrating its tenth anniversary of “smart grid” operations, by announcing it has surpassed the £20 million mark in benefits for its customers.