NextEnergy Solar Fund has added a further £42 million to its acquisition firepower after closing a tap share issue programme.
The UK government should make clear its views on a subsidy-free market stabilisation model for technologies left out of the Contracts for Difference scheme, according to the latest select committee report to criticise the government’s handling of the renewables industry.
Employment in the UK’s domestic solar industry has contracted by approximately one-third in the last year against a backdrop of subsidy cuts and other policy interventions, and further job losses are strongly expected.
The Trade Union Congress (TUC) has claimed that the green economy could offer vital support for a post-Brexit Britain and create thousands of additional jobs.
Solar Power Portal runs through this week’s people news from within UK solar including changes at the top of Anesco and Absolute Solar and Wind, as well as the likely new ministerial appointments to the energy brief at the Department of Business, Energy and Industrial Strategy.
Tesla’s claim of having “The World’s Fastest Charging Station” has been upheld by the UK’s advertising watchdog following a challenge by Ecotricity, which argued its claims could not be substantiated.
Insurance giant Chubb is to bolster its UK-facing clean tech portfolio by launching a new product aimed at owners of solar plants.
Lark Energy has secured a UK patent for a new renewable solar thermal technology to create steam for industrial processes.
The newly formed Department for Business, Energy and Industrial Strategy (BEIS) could see energy policy relegated to a ‘steady as she goes’ approach while other policy areas take precedence, according to a government MP in the energy and climate change (ECC) select committee.
Building-integrated photovoltaics (BIPV) firm Romag has been bought by glazing company Clayton Glass from social housing provider Gentoo, which is seeking to focus more heavily on its core housing activity.
Moixa Technology is hoping to raise up to £20 million by the end of the year to fund its expansion into Europe, and has recently gained investment from three big beasts from the UK energy sector.
Scottish energy minister Paul Wheelhouse is said to be seeking urgent talks with the UK government following its decision to scrap the Department of Energy and Climate Change (DECC) in favour of a new business-led department.
The government is facing calls for clarity after a coalition of 30 trade bodies, NGOs, pressure groups and think tanks signed an open letter to the new secretary of state for business, energy and industrial strategy, urging him to confirm the UK’s 2020 climate change commitments.
The sale of three UK solar farms is underway after European Solar Farms, a division of European Energy, signed a conditional deal with the subsidiary of a Danish pension provider.