Following the UK’s decision to leave the Energy Charter Treaty, the EU is the next in line to ditch the agreement.
Dating from 1990s to ensure energy stability in former Eastern Bloc countries, the Treaty has become a block to moving away from fossil fuels and to renewables.
The European Parliament may vote as early as April to leave, and the vote will almost certainly pass.

£10bn boost to UK by NatPower
NatPower will invest more than £10bn of investment in energy transition, as it develops the over 60GWh of battery storage and clean energy projects, in a boost to the UK renewable ambitions.

Storage of 60GWh battery storage could provide 15-20 per cent of the energy storage needed in the UK by 2040, and further solar and wind projects will be announced this year. NatPower UK will also help the grid to cope with the energy transition by earmarking £600m of investments in new substations.

“The UK has the unique chance to transform itself into an energy transition powerhouse, generating tens of thousands of highly qualified jobs, with the City of London becoming a central player in managing the $5tr of investment needed every year until 2030 globally, to make the energy transition a reality,” said Stefano Sommadossi, CEO at NatPower UK.

With grid operators currently unable to cope with the sheer scale and speed of the energy transition, NatPower is banking on large-scale battery storage rolled out nationwide, with the first three “GigaParks” undergoing planning permission in 2024 and ten more in 2025, and creating substations in this initial phase to help overcome grid bottlenecks and connection delays. These will be complemented by large scale solar and wind projects to be announced later this year.

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