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Solar project development costs ‘increased by 50% off back of windfall tax and inflation’
The cost of developing solar projects has increased in upwards of 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said.
Articles tagged with: Low Carbon
Lightsource bp confirms two new solar projects operational with 50MWp output
Lightsource bp, Schroders Greencoat and H&M Group have confirmed two solar power stations, with a total power output of around 50MWp, are now online.
Prestigious engineering prize awarded for research and development in PERC solar technology
The 2023 Queen Elizabeth Prize for Engineering (QEPrize) has been awarded for the research and development of passivated emitter and rear cell (PERC) solar photovoltaic technology.
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Wienerberger releases integrated solar roof tile to comply with the Future Homes Standard
Austrian building company Wienerberger’s UK and Ireland branch has launched a new roof tile which provides homebuilders with an integrated solar energy source.
Windfall tax sees Octopus Renewables’ portfolio NAV decrease by £10.6 million
The UK’s newly introduced Electricity Generator Levy has seen Octopus Renewables’ net asset value (NAV) on its renewable portfolio decrease by £10.6 million as of 31 December 2023.
FRV completes financial close of 133MW/266MWh BESS portfolio in UK
Renewable development company Fotowatio Renewable Ventures (FRV) has completed the financial close of a UK-based battery energy storage system (BESS) portfolio with a combined capacity of 133MW/266MWh.
SSE confirms acquisition of three solar sites with potential co-located battery storage
SSE Energy Solutions has confirmed the acquisition of three solar sites in Nottinghamshire from PV developer Gridmove.
TagEnergy reaches financial close for fourth UK battery energy storage project
TagEnergy has confirmed it has reached financial close on its fourth UK battery energy storage facility with a capacity of 49.9MW/100MWh in Fife, Scotland.
Gravitricity appoints Gneiss Energy to lead £40 million raise to spearhead energy storage projects
Energy storage company Gravitricity has appointed Gneiss Energy to support the development of a £40 million funding drive to spearhead the creation of three demonstrator projects for its technology in the next five years.
Consultation begins for SSE Renewables’ first solar and battery co-location project in Ireland
SSE Renewables has begun a public consultation for its proposed 21MWp solar photovoltaic (PV) array and 10MW/2hr battery energy storage system (BESS) facility in Ireland.
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Super-sized solar projects and NSIPs: Botley West’s Mark Owen-Lloyd on PV and public policy
In the UK, a new wave of large-scale solar projects continue to emerge as the country accelerates towards net zero targets, including reaching a decarbonised power system by 2035. At the heart of these are Nationally Significant Infrastructure Projects (NSIPs).
Renewable Connections’ 50MW solar farm receives approval from Cornwall Council
A 49.9MW solar farm near Quintrell Downs was approved by elected members of the Cornwall Council yesterday (16 January), following a recommendation by Council officers.
Atrato confirms Roebuck as senior commercial manager
Atrato has confirmed the appointment of Tim Roebuck as senior commercial manager from SSE.
Net Zero Review calls for ‘rooftop revolution’ to unlock 70GW of solar by 2035
The Department for Business, Energy and Industrial Strategy (BEIS) has released the Chris Skidmore MP independent review into the UK’s net zero prospects which calls for a “rooftop revolution” to unlock 70GW of solar generation by 2035.
Viridian Solar to supply solar technology for Legal & General Modular Homes
Solar manufacturer Viridian Solar has signed a group deal with Legal & General Modular Homes to see buildings exclusively use clearline fusion roof integrated solar until 2025.
Octopus Energy to break into solar installation market
Octopus Energy has announced it will add domestic solar photovoltaic (PV) to its home energy tech installation portfolio, to help customers cut down on energy costs.
ILI Group seeking buyers for 300MW BESS project portfolio
Scottish energy storage developer ILI Group has confirmed a sales tender for a 300MW battery energy storage (BESS) portfolio.
TagEnergy, Harmony Energy begin construction of 49MW/98MWh BESS project in Scotland
TagEnergy and Harmony Energy have confirmed construction has started on a 49MW/98MWh standalone energy storage system (BESS) situated near Abernethy, Scotland, with financial support from Santander UK.
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YuanTech Solar gains MCS certification for PV modules
YuanTech Solar, a newly established solar PV manufacturer based in China, has confirmed it has received Microgeneration Certification Scheme (MCS) certification granting greater access to the UK market.
350MW Mallard Pass solar farm moves to public consultation stage
The 350MW Mallard Pass Solar Farm has now moved into the public consultation stage via pre-examinations after the Planning Inspectorate (PINS) accepted the project's Development Consent Order (DCO).
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University of Warwick to explore perovskite solar cells via £2.2 million grant
The University of Warwick is set to explore the use of a new type of solar cell material via a £2.2 million grant provided by the European Research Council (ERC).
CWL-commissioned poll shows windfall tax on solar lacks public support
A poll commissioned by electric utility company, Community Windpower Ltd (CWL) showed that 41% of the nationally representative sample of 1,000 UK adults disagreed with the proposed increase in windfall tax for solar and other renewably generated energy.
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Solar industry supports the ‘more progressive path’ detailed in the Scottish Budget 2023-24
Solar Energy Scotland has welcomed the Scottish Government’s inclusion of solar energy systems in the non-domestic rates regime, announced in the Scottish Budget 2023-24 last week (15 December).
Econergy reaches ‘significant milestone’ with first EPC agreement in the UK
Econergy Renewable Energy has secured its first engineering, procurement and construction (EPC) agreement for its 50MW/102MWh battery energy storage system (BESS) for a UK project at Swangate, in Yorkshire, Northern England.
RES submits plans for 50MW solar farm designed to ‘sensitively’ fit into the landscape
The renewables developer, Renewable Energy Systems (RES), has submitted plans for the approval of a 49.9MW solar farm in Longhedge, between the villages of Thoroton and Hawksworth, Nottinghamshire.
New partnership to grant Central Co-op ‘savings of over 11 million kWh’
Central Co-op has partnered with commercial renewable company Sol PV Group Ltd. to install over 12MWp of solar PV technology across its property portfolio.
Co-locating energy assets could provide ‘significant cost savings’
Cornwall Insight and national law firm Weightmans have published a new report on the co-location of energy assets, which outlines the “significant cost savings” of having multiple renewable generation or storage assets share one grid connection.
EDF Renewables and Wärtsilä announce plans for ‘energy superhub’ battery system
Technology group Wärtsilä Energy has signed an additional contract with EDF Renewables UK for a 50MW/100MWh lithium-ion energy storage facility in Sundon, Bedfordshire.
CEE unites with major retailers urging the government to support solar investment
Community Energy England (CEE) has joined forces with Morrisons, M&S, Tesco and three of the UK’s biggest co-operatives – the Co-op Group, Central Co-op and MidCounties Co-operative – to urge the UK Government to prioritise unlocking additional renewable energy generation capacity, including solar.
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JBM Solar has 49.9MW solar farm in Devon approved on appeal
JBM Solar has had a planning appeal for a 49.9MW solar farm in Langford, Devon, successfully approved becoming “one of the first” to be greenlit under the Sunak government.