A view of Sullom Voe Terminal, an oil and gas terminal in the Shetland Islands on September 2021.
Adrian Dennis | Afp | Getty Images
LONDON — British regulators on Wednesday gave approval for Norway’s energy giant Equinor to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands.
The North Sea Transition Authority said it has also given the necessary consent.
The U.K. government said it had given operator Equinor and British energy company Ithaca Energy — which hold respective 80% and 20% stakes in the field — permission to proceed following “extensive scrutiny by the regulators,” including regarding the environmental impact of the development.
Ithaca Energy shares jumped 7% by 9 a.m. London time, following the announcement, with Equinor shares higher by roughly 1%. Rosebank stands as the largest untapped field in the U.K.
Equinor says the project will be pursued in two phases and estimates it will create £8.1 billion ($9.8 billion) of direct investment. The company expects the field’s start-up stage to take place over 2026-27 and estimates that Rosebank’s recoverable resources are over 300 million barrels of oil for its two phases.
“We are investing on our world-leading renewable energy but, as the independent Climate Change Committee recognise, we will need oil and gas as part of that mix on the path to net zero and so it makes sense to use our own supplies from North Sea fields such as Rosebank,” U.K. Energy Security and Net Zero Secretary Claire Coutinho said in a statement.
Finance Minister Jeremy Hunt said: “We are accelerating renewables and nuclear power, but will still need oil and gas for decades to come — so let’s get more of what we need from within British waters.”
The Rosebank development has faced repeated delays and intense public backlash amid questions over its environmental impact.
Burning Rosebank’s oil and gas would produce over 200 million metric tons of CO2, #StopRosebank campaign activists say, on Wednesday pledging in a statement that the “fight is far from over” and the group will “pressure the UK to reverse this terrible decision, and use every tool we can to stop this field,” as “climate justice demands nothing less.”
Green Party Member of Parliament, Caroline Lucas, echoed these feelings on Wednesday.
“This is morally obscene. It won’t improve energy security or lower bills – but it will shatter our climate commitments & demolish global leadership. Govt is complicit in this climate crime – as is Labour unless they pledge to do all possible to revoke it,” she said on the X social media platform, previously known as Twitter.
Compounding concerns over Westminster’s commitment to transition, British PM Rishi Sunak last week revealed his government would postpone a ban on the sale of new gasoline and diesel cars by five years, to a new 2035 deadline.
“We don’t support Rosebank,” the opposition Business Secretary Jonathan Reynolds said in a televised Sky News interview in the wake of the announcement. “We think the priority for the country should be transitioning away from fossil fuels, partly because of the volatility of the price in fossil fuels, and we’ve seen since Russia’s invasion of Ukraine just what that’s meant, not just for heating prices, but for electricity, because our electricity system is pinned, it’s matched to that gas price. So real energy security will only come from moving to nuclear, to renewables, to technologies that will insulate us from those pressures.”
Energy security has stepped into the forefront of the European policy agenda after Russia’s full-scale invasion of Ukraine and subsequent sanctions deprived regional buyers of Moscow’s seaborne crude and refined oil products.
“By approving Rosebank, Rishi Sunak has confirmed he couldn’t care less about climate change. As we’ve heard repeatedly, our world can no longer sustain new oil and gas drilling. And when we’re witnessing scorching temperatures, wildfires, devastating flooding and heatwaves in our seas, it could not be clearer that this is a decision by the Prime Minister to add more fuel to the fire,” said Tessa Khan, executive director of the Uplift activism group, in an emailed statement.
“Rosebank will do nothing to lower fuel bills or boost UK energy security. ”
On today’s hyped up hydrogen episode of Quick Charge, we look at some of the fuel’s recent failures and billion dollar bungles as the fuel cell crowd continues to lose the credibility race against a rapidly evolving battery electric market.
We’re taking a look at some of the recent hydrogen failures of 2025 – including nine-figure product cancellations in the US and Korea, a series of simultaneous bus failures in Poland, and European executives, experts, and economists calling for EU governments to ditch hydrogen and focus on the deployment of a more widespread electric trucking infrastructure.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Believe it or not, you can lease an EV for under $200 a month. New deals on models like the 2025 Hyundai IONIQ 5 and Kia EV6 are hard to pass up this month.
Electric vehicles have been all over the news lately, with the Trump administration threatening to end federal incentives and introducing new tariffs that are expected to lead to higher prices.
On the positive side, new EV models are arriving, giving buyers more options and driving prices down. Many automakers reported record US electric car sales in the first three months of 2024.
GM remained the number two seller of EVs behind Tesla after sales doubled in Q1 2025. With the new Equinox, Blazer, and Silverado EVs rolling out, Chevy is now the fastest-growing EV brand in the US. Ford’s Mustang Mach-E is off to its best sales start since launching, with over 11,600 models sold in the first quarter.
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With the 2025 models rolling out and about 15 new EVs arriving this year, many automakers are introducing steep discounts to move vehicles off the lot.
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)
EVs for lease for under $200 a month in April
Although the decade-old Nissan LEAF remains one of the most affordable this April at just $149 per month, there are a few EVs under $200 right now that are worth taking a look at.
The new 2025 Hyundai IONIQ might be the best EV deal this month, with leases as low as $199. Hyundai is currently promoting a 24-month lease deal with $3,999 due at signing.
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)
Hyundai upgraded the electric SUV with a bigger battery for more range (now up to 318 miles), a sleek new look inside and out, and it now comes with an NACS port so you can charge it at Tesla Superchargers.
The offer is for the IONIQ 5 SE RWD Standard Range, which has a driving range of up to 245 miles. For just $229 a month, you can snag the SE RWD model, which has a range of up to 318 miles and a more powerful (225 horsepower) electric motor. It’s also a 24-month lease with $3,999 due at signing.
To sweeten the deal, Hyundai is offering a free ChargePoint Home Flex Level 2 EV charger with the purchase or lease of any 2024 or 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.
After slashing lease prices this month, the 2025 Nissan Ariya is actually cheaper than the LEAF in some regions. In Southern California, the 2025 Nissan Ariya Evolve AWD is listed at just $129 per month. The AWD model has a range of up to 272 miles.
The deal is for 36 months, with $4,409 due at signing. In April, Nissan cut Ariya lease prices to around $239 in most other parts of the country.
Kia has a few EVs available to lease for under $200 a month in April. The 2025 Kia Niro EV Wind is listed at just $129 for 24 months, with $3,999 due at signing. Kia’s crossover SUV has EPA-estimated range of 253 miles.
2024 Kia EV6 (Source: Kia)
The 2024 EV6 may be worth considering at just $179 for 24 months ($3,999 due at signing). In California, the EV6 Light Long Range RWD is only slightly more than the Niro Wind.
In most other parts of the country, you can still find the EV6 for under $200 a month. The Light Long Range RWD trim offers up to 310 miles of EPA-estimated range.
Lease Price
Term (months)
Amount Due at Signing
Driving Range
2025 Hyundai IONIQ 5 SE RWD Standard Range
$199
24
$3,999
245 miles
2024 Kia EV6 Light Long Rang RWD
$179
24
$3,999
310 miles
2024 Kia Niro EV Wind
$129
24
$3,999
253 miles
2025 Nissan Ariya Evolve AWD
$129
36
$4,409
272 miles
2025 Nissan LEAF S FWD
$149
36
$2,629
149 miles
2024 Fiat 500 INSPI(RED)
$199
24
$2,999
149 miles
EVs for lease for under $200 a month in April 2025
And don’t forget the 2024 Fiat 500e, which is now listed at just $199 for 24 months with $2,999 due at signing. The electric hatchback offers a range of up to 149 miles.
Ready to snag the savings while they are still here? At under $200 a month, some of these EV lease deals are hard to pass up right now. Check out our links below to find deals in your area.
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Project Nexus, the first solar panel canopies over irrigation canals in the US, is now online in California, and there are plans to expand the project to other areas.
Project Nexus is a $20 million pilot in central California’s Turlock Irrigation District launched in October 2022. The project team is exploring solar over canal design, deployment, and co-benefits using canal infrastructure and the electrical grid.
India already has solar panels over canals, but Project Nexus is the first of its kind in the US.
The Turlock Irrigation District was the first irrigation district formed in California in 1887. It provides irrigation water to 4,700 growers who farm around 150,000 acres in the San Joaquin Valley.
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Project Nexus will explore whether the solar panels reduce water evaporation as a result of midday shade and wind mitigation, create improvements to water quality through reduced vegetative growth, reduce canal maintenance as a result of reduced vegetative growth, and, of course, generate renewable electricity.
The California Department of Water Resources, utility company Turlock Irrigation District, Marin County, California-based water and energy project developer Solar AquaGrid, and The University of California, Merced, are partnering on the pilot. Project Nexus originated from a 2021 research project led by UC Merced alumna and project scientist Brandi McKuin.
Solar panels were installed at two sites over both wide- and narrow-span sections of Turlock Irrigation District canals in Stanislaus County, in various orientations. The sections range from 20 feet wide to 100 feet wide. University of California, Merced has positioned research equipment at both sites to collect baseline data so the researchers can decide where solar will work and where it won’t.
In February 2023, Project Nexus announced it would also deploy long-term iron flow battery storage in the form of two ESS 75kW turnkey “Energy Warehouse” batteries.
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