Foresight Solar acquires second battery energy storage asset as high power prices drive up NAV
Foresight Solar has completed its second acquisition of a standalone battery energy storage asset.
Articles tagged with: Financial Results
Gore Street sees net income surge 191% as average revenue for assets increases by 68%
Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.
NextEnergy ‘weathers turbulence’ of past year as revenues jump on power price surge
Increased power price forecasts boosted NextEnergy Solar Fund’s (NESF) full year results as its revenue grew by 19% to £114 million.
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‘Unprecedented’ power prices driving commercial PV interest, ROOF says as it details 500MW pipeline
Commercial solar firm Atrato Onsite Energy (ROOF) has developed a 496MW pipeline of assets, with the company expecting interest in PV to rise with the increase in energy bills.
Gresham House earnings rise 170% in year of ‘significant momentum’ as trading becomes key
Gresham House Energy Storage Fund is transitioning towards a trading-centric business model, with the company to upgrade all of its enhanced frequency response (EFR) battery storage sites to two-hour durations.
Octopus Renewables looks to embrace merchant revenue amid high wholesale prices and strong results
Octopus Renewables Infrastructure Trust (ORIT) expanded its portfolio by 179MW over the last year, and is looking to capitalise on high commodity prices to continue its growth over the coming year.
Strong asset performance sends Downing Renewables & Infrastructure Trust’s profit above expectations
Downing Renewables & Infrastructure Trust (DORE) – which entered the UK solar market in 2021 – has recorded an operating profit of investments 16.9% above expectations as it continues to pursue UK opportunities.
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Bluefield Solar Income Fund earnings rise as it restrikes PPAs at ‘significantly higher levels’
Bluefield Solar Income Fund (BSIF) has seen its underlying earnings rise to £21.4 million as high power prices, investments into battery storage – with two-hour durations a possibility – and lower than expected irradiation all shaping H2 2021.
High irradiation drives strong solar generation for Foresight as it eyes further PV pipeline
Strong asset operational performance and above budget irradiation in the first half of 2021 resulted in generation from Foresight Solar Fund’s UK portfolio being 1% above budget over the last year.
Gresham House lauds expected doubling of earnings as it eyes two hour duration batteries
Gresham House Energy Storage Fund is targeting a market share of c.25% to 30% in the UK and Ireland in 2022 following an increase in earnings over 2021.
NESF doubles down on PPA strategy as its installed capacity increases by 10%
NextEnergy Solar Fund’s (NESF) total installed capacity now stands at 895MW, with the company continuing to focus on long-term corporate power purchase agreements (PPAs).
Bluefield’s solar, storage pipeline breaks 700MW mark in ‘challenging’ year for energy markets
Bluefield Solar Income Fund is celebrating a jump in earnings in a year that also saw an increase in debt and a drop in share price.
Octopus Renewables Infrastructure Trust to focus on increased diversification after strong H1
Octopus Renewables Infrastructure Trust (ORIT) saw its gross asset value (GAV) continue to grow, as it looks optimistically towards future renewables growth post-pandemic.
Frequency response drives Gresham House’s earnings to £22.4m
Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020.
Highest power prices since Foresight’s inception drive strong H1 results
Rebounding power prices have driven Foresight Solar Fund’s results in the first half of 2021, with its net asset value jumping to £596.4 million.
NESF sees solar portfolio boost despite a year ‘dominated by uncertainty’
NextEnergy Solar Fund (NESF) is pursuing a 500MW pipeline of energy storage assets after achieving what it said were “solid” financial results.
Gresham House reveals 802MW pipeline as profits soar in ‘milestone’ year
Gresham House Energy Storage Fund has unveiled an 802MW pipeline, with 275MW of this currently funded and due to start construction shortly.
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Octopus Renewables looks to further growth after strong first year results
Octopus Renewables Infrastructure Trust (ORIT) has hailed the success of its inaugural year with a gross asset value of £441 million from 24 assets.
Gresham House records boost in profits despite ‘one of the most challenging years’
Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million.
Bluefield NAV remains strong at £476.7m through H2 2020
Bluefield Solar Income Fund has posted strong results for the six months ending 31 December 2020, with net asset value (NAV) growing to £476.7 million.
Gore Street NAV up 1.7% as Ireland assets continue construction on time
Gore Street Energy Storage Fund’s NAV has risen by 1.7% in its latest quarterly results.
PPAs help Bluefield Solar’s earnings to remain strong despite challenging 2020
Thanks to fixed power purchase agreements (PPAs) and strong irradiation throughout the last year, Bluefield Solar Income Fund’s underlying earnings continued to grow to record levels.
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Foresight Solar Fund sees overperformance of 15.9% but low power prices mar NAV
Despite challenges created by the COVID-19 pandemic, Foresight Solar Fund has seen its UK portfolio perform 15.9% above base case.
Gresham House Energy Storage Fund sees NAV per share fall due to COVID
Gresham House Energy Storage Fund (GRID) has seen its Net Asset Value (NAV) per share fall 2.6p as a result of COVID-19 over the first half of 2020.
NESF NAV falls £66m due to plunging power prices
NextEnergy Solar Fund (NESF) has released its full year results, revealing its ordinary shareholders’ net asset value (NAV) has fallen to £579 million.
Foresight’s portfolio outperforms budget as company focuses on asset optimisation
Despite challenges to net asset value (NAV), Foresight Solar Fund’s portfolio continued to outperform budget as the company turned its focus to asset optimisation.
Bluefield eyes ‘exciting’ new investments as PPA strategy side-steps tumbling power prices
Bluefield Solar Income Fund (BSIF) said it continues to eye up “exciting” new investments after a year in which its power purchase agreement strategy helped it side-step tumbling power prices.
TRIG announces strong financial results and increased focus on battery storage in UK
The Renewables Infrastructure Group (TRIG) has released its financial results, highlighting an increasing focus on battery storage in the UK.