Solar developer Conergy has extended its bank guarantee facility with Tennenbaum Capital to US$75 million (£48.8 million) using funding from Goldman Sachs BDC in order to power an expansion of its solar business.
Analysis conducted by the Renewable Energy Association has claimed that government proposals to cut the feed-in tariff by up to 87% could end up costing the UK almost £100 million in lost revenue and welfare payments.
Former Energy and Climate Change secretary and Liberal Democrat MP Ed Davey has landed three renewable energy advisory roles four months after his defeat in the general election.
Governmental cuts to renewable energy does not create innovation in the sector according to Lord Deben, as the Committee on Climate Change (CCC) chairman also took aim at the lack of transparency behind recent environmental policy decisions.
Peter Bennett, editor of Solar Power Portal, and sister publications Next Energy News and Solar Business Focus UK, is to step down from his role today.
Berkshire-based PS Renewables is “confident” of developing its 50MW Eveley Solar Farm at grid-parity in the near future and said there are still options available for utility-scale solar projects of similar scale in the UK.
National Grid chief executive Steve Holliday has said that government cuts to renewable energy subsidies will not disrupt the UK’s shift away from centralised power towards distributed generation.
I have met a number of officials from the Department of Energy and Climate Change (DECC) over the years and hold them in very high regard. Make no mistake, these are smart people we’re dealing with. Which makes the recent Feed in Tariff (FiT) review all the more perplexing.
Carmarthenshire County Council has abandoned plans to install solar panels on approximately 2,700 council homes following Department for Energy and Climate Change proposals to slash the small-scale feed-in tariff.
