investment

Quinbrook Infrastructure Partners has raised £620 million for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.

Coventry City Council has agreed a strategic energy partnership with E.ON which could see solar explored as part of the agreement.

EDF Renewables UK has announced the purchase of commercial and industrial (C&I) solar specialist SAS Energy.

Dedicated solar and battery storage fund Foresight Solar has seen its net asset value (NAV) decrease by almost 6% to £726.6 million in H1 2023.

Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.

Battery storage company Varco Energy has partnered with GE Vernova to deliver a transmission-connected 57MW/138MWh battery energy storage system (BESS) south of Liverpool.

SSE Energy Solutions has confirmed it will develop what it states is a “major solar power project” at Teesside Airport with a potential capacity of 50MW.

Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

Clearstone Energy is seeking planning consent for a new 400MW / 800MWh Battery Energy Storage System (BESS) project in Devon.

Solar in the UK continues to be a huge discussion point for the energy sector. Although barriers in its development and several bottlenecks still remain, particularly in policy, it is clear the solar industry is collectively pulling in the right direction.