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Largest ever number of renewable projects in Wales backed in UK Goverment auction round

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The 20 projects have a combined capacity to generate 530 megawatts of clean energy

Generic picture of a wind turbine.

A wind turbine.(Image: Local Democracy Reporting Service)

The largest ever number of renewable energy projects in Wales to be awarded guaranteed prices for energy generated through a UK Government auction has been confirmed. The 20 projects, with a capacity to produce more than 530 megawatts of green electricity and which range from solar to tidal and onshore wind, can now move to the delivery stage.

They have received contract for difference (CfD) awards in the latest auction (allocation round 7) from the Westminster government. They consist of five onshore wind, 12 solar and three tidal energy projects. A CfD is a contractual guarantee for the price of the electricity generated to ensure commercial viability. If market prices rise there is a claw back mechanism for the government. Wales secured 99.65% of all the tidal funding available.

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First Minister Eluned Morgan said: “I am delighted these projects have been successful in the latest auction round. As well as meeting vital targets to reduce carbon, onshore wind and tidal energy bring major economic benefits and high-quality jobs to Wales. The Welsh Government is committed to ensuring Wales is at the forefront of the green energy revolution.”

Cabinet Secretary for Economy, Energy and Planning Rebecca Evans said: “We know how important clarity and certainty are for developers, which is why we are working hard to speed up the planning process for major infrastructure projects. Our new legislation and our investment in capacity building is already making a difference.”

The onshore wind farm projects receiving CfDs include Bute Energy’s 94 megawatt Twyn Hywel Energy Park in Caerphilly. It will consist of 14 wind turbines, which at capacity could power 84,000 homes. Work is expected to start in the spring. Its is the largest onshore wind farm on capacity awarded a CfD in the latest round.

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Martin Chown, interim chief executive of Bute Energy, said: “Securing a contract for Twyn Hywel Energy Park is a landmark moment for Bute Energy and our first project to enter the auction.

Onshore wind is one of the UK’s cheapest sources of renewable power and offers exceptional value for billpayers. Wales’ improved performance in this auction shows the depth of appetite from developers, investors and governments to realise the nation’s energy potential.

“With a strong partnership between industry and the Welsh Government, energy security can go hand-in-hand with transformational investment in jobs, local businesses and community benefits across Wales.”

On the onshore wind farms securing CfDs Jessica Hooper, director of RenewableUK Cymru, said: “This result is a much needed, and very welcome, breakthrough for onshore wind in Wales, and a clear sign that the sector is ready to move again after years of stalled progress.

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“However, this must be the start of a sustained recovery. Wales is still constrained by limited grid capacity, particularly in mid-Wales, and a planning system that has suffered historically from under investment and understaffing. These barriers make it difficult to catch up and deliver a steady pipeline of projects eligible for UK auctions.”

The tidal schemes in the auction include a further award of 10MW to HydroWing Tidal Energy Projects – part of Inyanga Marine Energy Group – for its Ynni’r Lleuad scheme at Morlais off the coast of Anglesey.

The additional capacity builds on the 20MW already awarded to HydroWing through earlier rounds of CfD and under development. It represents a major step forward in the industrialisation of tidal energy in Anglesey.

The phase three project is scheduled for delivery in 2030 and will make it the largest tidal energy project in the world.

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The first HydroWing device is scheduled for deployment at Morlais in 2027 as part of phase one.

Richard Parkinson, chief executive of Inyanga Marine Energy Group, said: “This latest award allows us to focus on economies of scale and drive momentum towards delivering clean and stable power to the grid in Anglesey at an industrial scale.

“The award enables us to drive costs down while unlocking the investment necessary to make this project a reality. Our team is working extremely hard with our supply chain and investment partners as we ramp up manufacturing and move towards delivery.”

Welsh Secretary Jo Stevens said: “Wales is at the forefront of the clean energy revolution and today’s results have delivered a record-breaking number of new solar and onshore wind projects for Wales.

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“This follows the recent announcement of a contract for Awel y Môr fixed offshore wind farm in North Wales, and Erebus floating offshore wind farm off the coast of Pembrokeshire and shows that renewable energy is delivering good well-paid jobs in every part of Wales, helping to grow our economy and drive down household bills.”

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BorgWarner Inc. (BWA) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

BorgWarner Inc. (BWA) Q4 2025 Earnings Call February 11, 2026 9:30 AM EST

Company Participants

Patrick Nolan – Vice President of Investor Relations
Joseph Fadool – President, CEO & Director
Craig Aaron – Executive VP & CFO

Conference Call Participants

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Colin Langan – Wells Fargo Securities, LLC, Research Division
Chris McNally – Evercore ISI Institutional Equities, Research Division
Joseph Spak – UBS Investment Bank, Research Division
James Picariello – BNP Paribas, Research Division
Dan Levy – Barclays Bank PLC, Research Division
Luke Junk – Robert W. Baird & Co. Incorporated, Research Division
Mark Delaney – Goldman Sachs Group, Inc., Research Division
Alex Potter – Piper Sandler & Co., Research Division

Presentation

Operator

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Good morning. My name is Michael, and I will be your conference specialist. At this time, I would like to welcome everyone to the BorgWarner 2025 Fourth Quarter and Full Year Results Conference Call.

[Operator Instructions] I would now like to turn the call over to Patrick Nolan, Vice President of Investor Relations. Mr. Nolan, you may begin your conference.

Patrick Nolan
Vice President of Investor Relations

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Thank you, Michael. Good morning, everyone, and thank you for joining us today. We issued our earnings release earlier this morning. It’s posted on our website, borgwarner.com, both on our homepage and our Investor Relations homepage. With regard to our upcoming Investor Relations calendar, we will be attending multiple investor conferences between now and our next earnings release. Please see the Events section of our IR page for a full list.

Before we begin, I need to inform you that during this call, we may make forward-looking statements, which involve risks and uncertainties as detailed in our 10-K. Our actual results may differ significantly from the matters discussed today.

During today’s presentation, we’ll highlight certain non-GAAP measures in order to provide a clearer picture of how the core business

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Children ‘bombarded’ with weight-loss drug ads online, commissioner warns

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Children ‘bombarded’ with weight-loss drug ads online, commissioner warns

Children are routinely exposed to adverts for weight-loss injections, diet products and cosmetic procedures online, according to a new report by Dame Rachel de Souza, who has called for tougher regulation of social media platforms.

The report, based on a survey of 2,000 children aged 13 to 17 alongside focus groups, found that young people were being “bombarded” with content promoting body transformation, despite restrictions on certain types of advertising.

Respondents reported seeing ads for weight-loss drugs and diet products, as well as skin-lightening treatments, some of which are illegal to sell in the UK. Others described beauty and cosmetic content, including promotions for lip fillers and aesthetic procedures, as “unavoidable” across major social media platforms.

Dame Rachel said the content was “immensely damaging” to young people’s self-esteem and urged ministers to consider a ban on targeted social media advertising to children.

“We cannot continue to accept an online world that profits from children’s insecurities and constantly tells them they need to change,” she said. “Urgent action is needed to create an online environment that is truly safer by design.”

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The findings come amid the rollout of the Online Safety Act, which aims to make the internet safer for users, particularly children, by placing duties on platforms to remove harmful material quickly.

Dame Rachel’s report suggests amending the Act to introduce a clearer “duty of care” obliging platforms to prevent children from being shown body-image related advertising in the first place. She also recommended changes to Ofcom’s Children’s Code of Practice to explicitly protect young users from “body stigma” content.

Ofcom said such material is already covered under its existing code. “Body stigma content can be incredibly harmful to children, which is why our rules require sites and apps to protect children from encountering it and to act swiftly when they become aware of it,” a spokesperson said. The regulator added it would not tolerate technology firms “prioritising engagement over children’s online safety”.

The commissioner also called for stronger enforcement of rules governing the online sale of age-restricted products and suggested the government consider limiting children’s access to certain social media platforms altogether.

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Dr Peter Macaulay, senior lecturer in psychology at the University of Derby, said restricting advertising to children was a necessary step but not sufficient on its own. “We also need stronger platform accountability, improved enforcement of age-appropriate design standards and better education to help children critically navigate online pressures,” he said.

A government spokesperson said ministers had always been clear that the Online Safety Act was “not the end of the conversation” and confirmed that a national consultation had been launched on further measures, including the possibility of banning social media use for under-16s.

The debate highlights growing concern among policymakers about the commercial drivers behind youth-facing content, as platforms face mounting pressure to demonstrate that their business models do not undermine children’s mental health.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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BAT Chairman Luc Jobin Stays, Holly Keller Koeppel to Exit

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BAT Chairman Luc Jobin Stays, Holly Keller Koeppel to Exit

British American Tobacco BATS 1.28%increase; green up pointing triangle said its board opted to extend Chair Luc Jobin’s tenure.

The tobacco company said Tuesday the board had evaluated various credible candidates for Jobin’s succession but decided to give him up to two more years in the role he has held since April 2021. It will continue the search for a successor, the company said.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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South Carolina sees dip in daily measles cases but too early to call slowdown, health official says

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South Carolina sees dip in daily measles cases but too early to call slowdown, health official says


South Carolina sees dip in daily measles cases but too early to call slowdown, health official says

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(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to Launch T20 World Cup Campaign in Style

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(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to

COLOMBO, Sri Lanka — Australia opened their T20 World Cup 2026 campaign with a ruthless 67‑run victory over Ireland, combining a muscular batting display with a suffocating bowling performance to underline their title credentials in Group B.

(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to
(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to Launch T20 World Cup Campaign in Style

Sent in to bat after stand‑in captain Travis Head won the toss at the R. Premadasa Stadium, Australia posted an imposing 182 for 6 before skittling Ireland for just 115 in 16.5 overs. The result not only delivered two points but also handed Australia a hefty early boost to their net run rate in a group where every decimal could prove crucial.

Stoinis and Inglis power Australia to 182

Australia’s innings began in chaotic fashion when Head, leading the side in the absence of the injured Mitchell Marsh, was run out for 6 after a mix‑up with opening partner Josh Inglis. Inglis had already survived a chance — dropped at point — and capitalised on his reprieve with an aggressive, counter‑punching cameo.

Inglis and Cameron Green quickly wrested back momentum from Ireland. The pair kept the powerplay run rate above 10 an over, mixing clean hitting down the ground with sharp running between the wickets. Green raced to 21 off 11 balls before miscuing to mid‑wicket, but by then Australia had 64 on the board at the end of six overs, with the Irish seamers struggling for control on a placid surface.

Inglis continued to attack, racing to 37 off just 17 balls with a flurry of boundaries through point and over extra cover. His dismissal, holing out after earlier striking George Dockrell for four, briefly checked Australia’s charge, and a quiet middle phase followed as new batsmen adjusted to a pitch that began to slow and grip.

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Matt Renshaw and Marcus Stoinis then rebuilt the innings in a decisive fifth‑wicket stand worth 61. Renshaw played the anchor role with 37 from 33 balls, rotating the strike and allowing Stoinis to dictate terms. Stoinis, who top‑scored with 45 from 29 deliveries, picked his moments to accelerate, driving powerfully down the ground and muscling a six over mid‑wicket while still collecting the majority of his runs in hard‑run ones and twos.

Glenn Maxwell’s brief stay offered flashes of intent without a big payoff, but Australia’s refusal to panic after losing early wickets meant they always had a platform to launch from. Late nudges and hustled doubles in the final overs ensured Australia reached 182, a total that looked slightly above par once the ball began to hold in the surface.

For Ireland, Mark Adair and Barry McCarthy fought hard in the death overs to prevent a 190‑plus score, but the damage from the powerplay and the Stoinis‑Renshaw partnership left them facing a daunting chase.

Ellis and Zampa rip through Ireland

Ireland’s reply unravelled almost immediately. Captain Paul Stirling, their most experienced and explosive batter, retired hurt for 1 in the opening over after what appeared to be a hamstring issue, dealing a psychological blow to a side already up against it.

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Australian seamer Nathan Ellis took full advantage of the unsettled top order. Renowned for his clever changes of pace and skiddy trajectory, Ellis struck twice inside the first few overs, removing both set batters and exposing Ireland’s middle order before they could settle. By the end of the powerplay, Ireland had slumped to 40 for 4, their chase effectively in ruins.

Curtis Campher (4), Benjamin Calitz (2) and Gareth Delany (11) all fell cheaply during a brutal collapse that left Ireland tottering at 43 for 5 by the seventh over. Any hopes of a miracle hinged on wicketkeeper Lorcan Tucker and all‑rounder George Dockrell, who mounted the only meaningful resistance of the innings.

The pair added 46 for the sixth wicket, with Dockrell in particular showing composure and intent. He compiled a spirited 41 off 29 balls, finding gaps and punishing anything short or wide. Tucker supported with 24 as the duo briefly quieted the Australian fielders and forced Travis Head to juggle his bowling options.

But Adam Zampa, who had been held back specifically for the middle overs, quickly reasserted Australia’s control. The leg‑spinner broke the stand by removing Tucker, drawing him into a miscued stroke. Once that partnership ended, Ireland’s lower order crumbled.

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Zampa and Ellis then turned the screw in tandem. Zampa’s drifting leg‑breaks and sharp googlies dismantled the middle order, while Ellis continued to choke off scoring opportunities with a mix of cutters and yorkers. Both bowlers finished with identical figures of four wickets apiece, underlining their dominance and leaving Ireland shot out for 115 with more than three overs unused.

Dockrell was the last semblance of resistance before the tail fell away, underscoring how little support Ireland’s top order offered in the face of Australia’s relentless attack.

Bowling discipline sets the tone

Australia’s performance with the ball was as clinical as their batting was controlled. Ellis’ 4 for 12 stood out not just for the wickets but for the pressure he applied; his economy and accuracy forced Ireland’s batters into high‑risk shots far earlier than they would have liked.

Zampa’s 4 for 23 demonstrated once again why he is central to Australia’s white‑ball plans. On a surface that rewarded patience and changes of pace, he consistently attacked the stumps, forcing errors from batters unsure whether to commit forward or back.

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Xavier Bartlett and Matthew Kuhnemann provided useful support, tightening the screws from the other end and ensuring Ireland never found a passage of play in which they could counter‑attack freely. In the field, Australia were sharp, with direct hits and diving stops adding to Ireland’s sense of suffocation.

Perfect start to Group B campaign

The 67‑run margin sends Australia to the top of Group B on net run rate and serves as a statement of intent to the rest of the tournament. Coming into the World Cup with key players missing and questions about depth, they answered emphatically on both fronts: the batting card produced multiple contributions, and the attack functioned as a well‑drilled unit.

For Ireland, the defeat leaves them winless after two matches and with serious concerns over both form and fitness. Stirling’s hamstring issue looms as a major worry, and the fragility of the top order under pressure was laid bare. Their bowlers showed patches of discipline, particularly in the latter half of Australia’s innings, but the early overs with both bat and ball ultimately proved decisive.

As the tournament moves forward, Australia will look to build on the momentum of this comprehensive opening victory, while Ireland face a quick turnaround to resurrect their campaign and repair both confidence and combinations.

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Australia may have needed four days to get on the park, but once they did, they wasted no time reminding everyone why they remain perennial contenders in global T20 cricket.

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McDonald’s (MCD) Q4 2025 earnings

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McDonald's (MCD) Q4 2025 earnings

A McDonald’s cheeseburger, fries, and soda arranged in Celina, Texas, US, on Tuesday, Sept. 2, 2025.

Jake Dockins | Bloomberg | Getty Images

McDonald’s is expected to report its fourth-quarter earnings after the bell on Wednesday.

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Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:

  • Earnings per share: $3.05 expected
  • Revenue: $6.84 billion expected

The fast-food giant, often viewed as a bellwether of consumer spending, has been warning for more than a year that low-income consumers are spending less. In response, McDonald’s has embraced discounted offerings, from rolling out a value menu to relaunching Extra Value combo meals.

One bright spot for McDonald’s and the broader fast-food segment has been high-income diners, who are trading down from fast-casual restaurant options. Buzzy promotions have won over those consumers and boosted the chain’s sales, too; the fourth quarter included the return of Monopoly, as well as the Grinch meal, timed for the holiday season.

Analysts are projecting that McDonald’s same-store sales will rise 3.9%, fueled by a 5.4% increase in the U.S., according to StreetAccount estimates.

Despite the rebound in its sales, McDonald’s shares have risen only about 4% over the last year, hurt by broader concerns about the consumer and the rise of GLP-1 drugs.

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M2 Ingredients opens innovation center

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M2 Ingredients opens innovation center

Center will accelerate functional mushroom product development.

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Lloyds Banking Group to close another 95 branches

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Lloyds Banking Group to close another 95 branches

The closures have been announced days after Santander said it would shut branches.

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Instagram head questioned in social media addiction trial

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Instagram head questioned in social media addiction trial

Instagram’s longtime lead Adam Mosseri arrived on Wednesday at a courtroom in Los Angeles.

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Fiberstar, Inc. adds acacia gum alternative

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Fiberstar, Inc. adds acacia gum alternative

Citri-Fi Pro may replace up to 75% of acacia gum in beverages.

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