By setting a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction, the UK Government could bolster private investment within solar, RenewableUK said.
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.
Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland, following a £235 million long-term debt facility secured from five banks.
Zenobē secures £235 million to develop two battery energy storage projects in Scotland. The agreement also includes a £400 million accordion facility that will be used to debt finance expansions as well as future projects.
Solar could benefit from a new arrangement which has seen OVO Energy join Community Energy England as a principal supporter.
Power station closures in Fife and East Lothian, combined with rising interest in cheap, renewable energy has seen demand for solar PV soar in Scotland, property consultancy Galbraith has said.
Independent power producer Conrad Energy has secured planning permission for a 15MW battery energy storage system (BESS) in Somerset.
SSE Energy Solutions is to help fund PhD research into the performance of renewable technologies in the business sector at the University Of Glasgow.
Copenhagen Infrastructure Partners (CIP) and Amberside Energy have partnered to develop a 2GW portfolio consisting of solar and battery energy storage system (BESS) projects across the UK.
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.
Irish solar ‘moving in the right direction’ hails Strategic Power Projects after 125MW site approval
Strategic Power Projects’ (SPP) managing director Paul Carson has said that Ireland is “now beginning to move in the right direction” upon receiving planning approval for a 125MW solar and 285MW battery energy storage (BESS) co-located site in Movallet, Co.Louth.
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.
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.
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.
Centrica is set to repurpose a former gas-fired power plant in North Yorkshire to include a 28MW battery and the potential to develop off-grid hydrogen production and solar.
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).
A Scottish Water treatment works at Skellyton, Larkhall, is partially self-generating its energy needs via an array of 560 solar PV panels.
Statkraft, one of Europe’s largest renewable power generators, has agreed a “forward trade” for a Statera Energy battery asset in what has been called an “industry first” by the companies.
Atrato has confirmed the appointment of Tim Roebuck as senior commercial manager from SSE.
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.
Scottish energy storage developer ILI Group has confirmed a sales tender for a 300MW battery energy storage (BESS) portfolio.
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.
Exagen has confirmed that it has submitted plans for a 500MW/1GWh battery storage mega-project to Blaby District Council.
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).
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).
Development of a 49.9MW solar farm in Kingston on Soar has been approved by Rushcliffe Borough Council.
London-listed investment company, The Renewables Infrastructure Group Limited (TRIG), has secured a 100% equity interest in a Durham-based battery storage development project from RES, which when completed, will have a total capacity of 100MW/200MWh.
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.
Field has confirmed its 20MW battery energy storage site in Oldham has become the first in its portfolio to be fully operational.
NextEnergy Capital (NEC) has reported the second close of NextPower UK ESG (NPUK ESG) at £487 million – 97% of its £500 million target.