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New acquisition takes Bluefield’s portfolio to 813MWp
The UK income fund, Bluefield Solar, has acquired a 46.4MWp solar portfolio from the North American firm specialising in real assets, Fengate Asset Management, increasing its portfolio to 813MWp.
Solar Markets & Finance
Vantage RE enters project development space, acquiring 102MWp sites from JBM Solar
Vantage RE has entered the project development space in the UK, with the acquisition of two solar schemes, both co-located with battery energy storage systems (BESS), from JBM Solar.
Younity, Octopus Energy and Midcountries Co-operative initiative awards advance for Bristol solar
The Community Energy Kickstart initiate, a joint venture between Younity, Octopus Energy and Midcountries Co-operative, has awarded its first advance to Bristol Energy Coopertive to support a 1MW rooftop solar project in Hengrove, South Bristol.
Midsummer trading at three times 2021 level despite supply chain challenges
Solar wholesale Midsummer is trading at a level that is three times its sales volumes from a year ago, as demand for solar continues to be strong.
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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).
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.
NextPower UK ESG completes second close at 97% of target
NextEnergy Capital (NEC) has reported the second close of NextPower UK ESG (NPUK ESG) at £487 million – 97% of its £500 million target.
Low Carbon to develop over 75MW of solar via new finance facility
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.
RPC, Eelpower launch joint venture to develop 1GW utility-scale energy storage
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.
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Atrato confirms windfall tax will not affect it as solar companies work to assess impact
The new windfall tax on electricity generators will not impact Atrato Onsite Energy, the company has announced.
Harmony’s Q4 revenue falls from historic highs but near-term outlook remains positive
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.
Windfall tax prediction sees minimal impact on Bluefield Solar’s NAV
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 sector hits out at windfall tax that threatens investment needed for renewable energy targets
The solar sector has criticised the introduction of a windfall tax on electricity generators, which it has warned could have a ‘perverse’ impact on the sector.
NESF’s latest interim results predict limited impact from new windfall tax
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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Sponsored Tongwei Solar appoints Polysolar as UK sales agent as it continues expansion
The world’s largest solar manufacturer Tongwei Solar (Hefei) Co., Ltd has appointed Polysolar Ltd as its sales agent for the United Kingdom.
Hunt announces windfall tax on electricity generators at 45%
Chancellor Jeremy Hunt has announced a windfall tax on electricity generators at a rate of 45%.