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Investment in subsea cable network to create thousands of green jobs

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Investment in subsea cable network to create thousands of green jobs



A power firm has announced a multimillion-pound investment in the subsea cable network serving Scotland’s islands, in a move expected to create “thousands of high-quality green jobs”.

SSEN Distribution is set to upgrade its network of 113 subsea electricity cables, which provide power to 60 islands, saying it will improve resilience and increasing capacity to meet growing demand.

The work is set to support more than 450 specialised jobs each year for up to eight years – which the company said equates to or more than 3,500 fixed-term roles in and around installation sites and at company bases.

SSEN said the investment – worth up to £950 million – will enable islanders to connect new technologies like electric vehicle (EV) chargers, solar panels and heat pumps to the network.

It is also expected to benefit local energy generators looking to produce and export green power, and to support the decarbonisation of island-based industries such as distilleries.

The announcement was welcomed by Energy Secretary Gillian Martin, who said it would help the country achieve its net zero target.

“This welcome investment by SSEN Distribution will help upgrade the subsea network serving Scotland’s islands, improving its resilience and supporting Scotland’s net zero ambitions,” she said.

“It will also support thousands of high-quality green jobs and drive new growth across the local, regional and national economies as part of our net zero transformation.”

Kevin Galbraith, SSEN Distribution’s subsea project director (large capital delivery), said: “Subsea connections are becoming ever more important as Scotland’s island communities seek to invest in EV charging, heat pumps, and the decarbonisation of their industries.

“In addition to providing the networks fit for supporting this growth in the use of clean power, these framework agreements will also underpin the ambitions of islanders to generate, store, and export more renewable energy.”

The work of upgrading the network will be delivered by five “contract partner” companies, with a “strong focus” on using locally-based supply chains.

The firms are Burntisland-based Briggs Marine; DOF Subsea UK and N-Sea, both of which have bases in Aberdeen; and Enshore Subsea and Jan De Nul.

Specific projects will be allocated according to each contract partner’s specialisms and resources.

SSEN said working with multiple companies will enable multiple subsea cables to be upgraded at the same time during the relatively narrow summer window, when weather conditions are more favourable.

Mr Galbraith went on: “The agreements themselves will ensure delivery of this investment will be rolled out in a seamless, co-ordinated way, and this will provide both customers and supply chains with the certainty they’re looking for.

“This multi-year investment will also provide greater job security and new opportunities for employment in this growing sector.”



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Kanye West: Pepsi withdraws as Wireless Festival sponsor after backlash

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Kanye West: Pepsi withdraws as Wireless Festival sponsor after backlash



Sir Keir Starmer says it is “deeply concerning” the rapper is set to headline a festival after recent antisemitic comments.



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Stock markets outlook: Dalal Street braces for swings as RBI MPC decision, war risks weigh on sentiment–Check key triggers – The Times of India

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Stock markets outlook: Dalal Street braces for swings as RBI MPC decision, war risks weigh on sentiment–Check key triggers – The Times of India


Domestic equities are expected to remain volatile this week as investors track the Reserve Bank’s monetary policy decision, global macroeconomic cues and evolving developments in the West Asia conflict, analysts said, according to PTI.Market participants will also keep a close watch on crude oil price movements and foreign fund flows, which continue to influence sentiment.Vinod Nair, Head of Research at Geojit Investments Ltd, said the RBI’s Monetary Policy Committee (MPC) meeting will be the key domestic trigger, with investors focusing on the central bank’s stance on inflation and growth.“A rate pause is near-certain consensus, the central bank walks a tightrope between crude-driven inflation risks and a four-year low Manufacturing PMI signalling a softening growth impulse. The governor’s commentary on the rate cycle trajectory and FY27 projections will be closely monitored.“Globally, the US March CPI reading will carry significant importance, as it buries residual Fed rate-cut hopes, strengthens the dollar and tightens financial conditions for emerging markets, including India,” Nair said.He added that geopolitical developments in West Asia will remain the dominant factor shaping market direction.“Indian markets return after a three-day gap and remain acutely vulnerable to weekend war developments, with crude trajectory and any credible ceasefire signal being the decisive variable that could either trigger a sharp relief rally or extend the current sell-on-rise mode,” he said.In the previous holiday-shortened week, the BSE Sensex declined 263.67 points, or 0.35%, while the NSE Nifty fell 106.5 points, or 0.46%.Siddhartha Khemka, Head of Research (Wealth Management) at Motilal Oswal Financial Services Ltd, said investor sentiment will remain closely linked to developments in the West Asia conflict.Brent crude prices have stayed elevated near $107 per barrel, fuelling concerns around imported inflation. Currency pressures have also intensified, with the rupee weakening sharply before recovering towards Rs 93 against the US dollar following RBI intervention, he noted.Foreign institutional investor (FII) outflows remain a key overhang, with March witnessing heavy selling of Rs 1.2 lakh crore, among the highest monthly outflows in recent years.“Investors will monitor the US Federal Open Market Committee (FOMC) meeting minutes, GDP data, and initial jobless claims for further cues on growth and the policy trajectory.“Overall, markets are expected to remain volatile as geopolitical developments, crude price movements, FII flows and global macro data continue to drive sentiment,” Khemka said.Analysts said any signs of de-escalation in the West Asia conflict could ease crude prices and stabilise the currency, offering relief to markets, while further escalation may prolong risk aversion and keep pressure on foreign flows.



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Home heating oil costs in rural Lancashire doubles – councillors

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Home heating oil costs in rural Lancashire doubles – councillors



One elderly couple had to find £1,000 for an oil delivery and suppliers are not giving quotes, a councillor says.



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