British Solar Renewables acquired by ICG Infra
Integrated solar developer British Solar Renewables (BSR) has been acquired by global alternative asset manager ICG’s debut infrastructure fund, ICG Infra.
Solar Markets & Finance
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%.
Greencoat Renewables makes maiden Irish solar acquisition
Investor Greencoat Renewables has made its first solar acquisition in Ireland, agreeing to acquire an 80.5MWp project from Statkraft.
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UK installs 556MW of new solar capacity in first six months of 2022
During the first six months of 2022, the UK posted 80% growth in new solar PV installations compared to the same period last year, with 556MW of capacity installed. Solar Media's head of market research Finlay Colville explains the factors driving this growth and what can be expected for the rest of 2022 and into 2023.
UK solar PPA increases 18.4% in Q2 to over £60/MWh in new European PPA Index
Solar power purchase agreements (PPA) in the UK rose 18.4% during Q2 and exceeding £60/MWh, but less than the 24% increase of wind prices.
Editor's blog
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CfD Round 4 analysis: Where are the sites and who were the winners?
Solar Media's head of market research Finlay Colville takes a look at last weeks CfD auction winners and how the projects are spread out around Britain.
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Solar secures 2.2GW in latest Contracts for Difference auction
Solar has secured more than 2.2GW at a price of £45.99/MWh in the latest Contracts for Difference (CfD) auction.
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OVO to invest £1m in solar and wind farms via REGO PPAs
OVO will invest £1 million to support new solar and wind farms through power purchase agreements (PPAs).
Boralex acquires 338MW of solar and wind development from Infinergy
Canadian developer Boralex has acquired renewables developer Infinergy’s 338MW pipeline of renewables and energy storage developments in the UK.
NextEnergy Solar Fund extends £70m RCF with Santander as it continues expansion
NextEnergy Solar Fund has extended its existing £70 million revolving credit facility (RCF) with Santander UK.
Dragon LNG partners with Anesco on renewables drive with first solar asset approved
Dragon LNG, the operator of a liquefied natural gas (LNG) terminal in Pembrokeshire, Wales, has partnered with renewables developer Anesco as it aims to transition to renewable energy and reduce its carbon emissions.
Field secures £77m as it looks to ‘double down’ on its battery storage portfolio expansion
Battery energy storage company Field has secured £77 million in funding as it looks to continue the rapid expansion of its portfolio.
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.
Downing raises £52.9m as it looks to further diversify portfolio
Downing Renewables & Infrastructure Trust (DORE) has raised c.£52.9 million to repay its revolving credit facility.
Harmony Energy secures £60m from NatWest for battery storage acquisition
Harmony Energy Income Trust plc has secured a £60 million debt facility from NatWest to support the acquisition of the company’s first pipeline project.
Octopus acquires 68MW Breach Solar Farm along with stake in storage site
Octopus Renewables Infrastructure Trust (ORIT) has acquired a c.68MW ready-to-build solar PV project in Cambridgeshire from AGR Renewables.