News

North East Lincolnshire Council has approved Aura Power’s 49.4MW solar farm in Grimsby, making this the Bristol-based developer’s second solar approval this November.

In a bid to boost the long-duration energy storage market in the UK, the Department for Business, Energy and Industrial Strategy (BEIS) has provided over £32 million to five winners of the Longer Duration Energy Storage (LODES) competition.

The Scottish Government promised that a “much bigger, renewed focus” will be given to solar power in the upcoming Energy Strategy draft during a debate on renewable energy last week (25 November).

Farmers without solar panels could miss out on up to £1 billion over the next two years, according to new research from the Energy and Climate Intelligence Unit (ECIU).

SSE Energy Solutions has announced the end of phase one of its country-wide decarbonisation initiative in partnership with Monmouthshire County Council.

The Electricity Generator Levy is set to have a small impact on Foresight Solar Fund’s portfolio, and no impact on its UK battery portfolio whatsoever.

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.

The new windfall tax on electricity generators will not impact Atrato Onsite Energy, the company has announced.

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.

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).