News

Ofgem has argued that competitive auctions for established renewables could still be beneficial to the UK power market.

Hazel Capital has been bought by investment manager Gresham House through a combination of cash and newly issued shares, which includes new investment in three energy storage projects.

Renewable generation set a new record in the UK throughout Q2 2017, however there have been repeated warnings for government as solar deployment continued to falter.

The National Association of Estate Agents (NAEA) Propertymark has said more needs to be done to promote the benefits of solar panels to house-hunters after anecdotal evidence from its members suggested buyers could be put off by legacy installations.

Solar mounting systems company Valk Solar Systems is looking to capitalise on the “significant recovery” of the UK’s commercial rooftop market with its established flat roof system, while exclusively revealing a new concept for pitched roof tile applications.

Foresight Solar Fund has announced a fresh placing programme in a bid to raise £75 million to pursue new solar investment opportunities in the UK and Australia.

“Absurd” claims that solar panels devalue a property when it is on the market have been refuted by the Solar Trade Association (STA), with chief executive Paul Barwell telling Solar Power Portal “there is no factual evidence” for it.

Cambridge Fire and Rescue Service (CFRS) has moved to pre-emptively dispell claims that it would not respond to solar panel incidents for fear of being electrocuted after a potential scam emerged.

Investors in renewable energy technologies have had to undergo “a journey” from the fixed revenue offered by traditional solar projects to the “grey area” of energy storage revenues.

Dieter Helm has recommended that feed-in tariffs and Contracts for Difference auctions be phased out and merged into a single, unified Equivalent Firm Power (EFP) auction to better reflect costs associated with intermittency.