Recession hampers utilities' renewable energy investment

clock • 2 min read

Utility company debt continued to rise in 2008, slowing renewable and smart grid investment

The global recession has led to a 3.5 per cent drop in electricity consumption, forcing utilities to cancel much-needed investments in low-carbon infrastructure such as smart grids and increased renewable...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Technology

UK heat pump installations reached record levels in 2025

UK heat pump installations reached record levels in 2025

Number of heat pump installations last year was over four times higher than in 2020, new government figures confirm

Stuart Stone
clock 12 March 2026 • 4 min read
'UK first': Heidelberg Materials completes hydrogen fuelled asphalt production

'UK first': Heidelberg Materials completes hydrogen fuelled asphalt production

Trial marks the first time 100 per cent hydrogen has been used to produce asphalt in the UK

clock 11 March 2026 • 2 min read
CDP and Google fellowship aims to harness AI to bolster climate adaptation efforts

CDP and Google fellowship aims to harness AI to bolster climate adaptation efforts

Environmental disclosure non-profit and tech giant’s charitable arm to create new tool to help transform how cities, states, and regions apply CDP's dataset

Stuart Stone
clock 10 March 2026 • 3 min read