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.
Swiss-based heterojunction solar PV cell and module manufacturer Meyer Burger is set to expand into the UK market having achieved Microgeneration Certification Scheme (MCS) certification.
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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.
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Solar could benefit from a new arrangement which has seen OVO Energy join Community Energy England as a principal supporter.
Independent power producer Conrad Energy has secured planning permission for a 15MW battery energy storage system (BESS) in Somerset.
Renewable investment company, Foresight Solar Fund, has released its Net Asset Value (NAV) and Trading update for Q4 2022 reporting a slight increase in its unaudited NAV and forecasting that inflation will offset downward pressure caused by the windfall tax.
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.
Close Brothers Leasing has signed an agreement with independent power producer (IPP), Conrad Energy, to provide £85 million in funding for eight battery energy storage sites (BESS) 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.
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.
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.
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.
With the payback time of rooftop solar panels now just six year, households could benefit from 19 years of “essentially free” electricity during the remainder of their lifespan, according to the Energy and Climate Intelligence Unit (ECIU).
NextEnergy Capital (NEC) has reported the second close of NextPower UK ESG (NPUK ESG) at £487 million – 97% of its £500 million target.
Global renewable company Low Carbon is set to develop a combined solar capacity of over 75MW across three sites after securing financing from NatWest, Lloyds Bank and AIB.
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Solar Energy Scotland has called for the incorporation of solar photovoltaic (PV) and solar thermal systems into Scotland’s public policy agenda owing to their “significant carbon and cost benefits”.
The board of NextEnergy Solar Fund has confirmed Helen Mahy is set to be appointed as chairman with effect from August 2023.
Statkraft has signed a second hybrid power purchase and battery optimisation agreement with Warrington Borough Council.
In a bid to boost the long-duration energy storage market in the UK, the Department for Business, Energy and Industrial Strategy (BEIS) has provided over £32 million to five winners of the Longer Duration Energy Storage (LODES) competition.
Renewable Power Capital (RPC) is set to work with UK battery storage firm Eelpower to develop 1GW of utility scale energy storage capacity in the UK.
Income investment company, Harmony Energy Income Trust plc has reported a fall in average revenue this quarter following record highs in Q3, but assured stakeholders there was a “positive near-term outlook” in its Net Asset Value (NAV) and Portfolio Update as at 31 October 2022.
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As a result of the Autumn Statement and the introduction of the windfall tax, Bluefield Solar Income Fund has estimated that its audited NAV would have decreased by 3 pence per ordinary share (pps).
Solar and energy storage specialist fund NextEnergy Solar Fund (NESF) has published its interim results as of 30 September 2022, which suggest that the new windfall tax will have a limited impact for its portfolio given its diversification.
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Solar farm owner Toucan Energy Holdings has reportedly entered into administration, with Thurrock Council having run up debts of around £1.5 billion.
NextEnergy Solar Fund (NESF) has today published its first independent sustainability report, detailing its environmental, social and governance (ESG) initiatives and approach to biodiversity.
A 50MW battery energy storage facility being developed by Statera Energy has entered commercial operations in Malmesbury, Wiltshire.