News

Official figures released today by the Office of National Statistics (ONS) have shown the UK solar industry delivered more than £4.6 billion to the UK economy in 2014 as part of a turnover of £83.4 billion created by the low carbon and renewable energy (LCRE) economy.

Solarwatt has hosted a week-long training session for its distributors in the UK and Ireland in preparation for the launch of its MyReserve storage system in the first quarter of 2017.

French bank BNP Paribas has priced its first €500 million green bond, the net proceeds of which will be allocated to a series of environmentally sustainable fields including renewable energies.

The Department for Business, Energy and Industrial Strategy has defended its management of the revised feed-in tariff scheme, defying a new record low month for deployment in October.

The government was guilty of relying too heavily on the assumptions and forecasts used to estimate spending under the Levy Control Framework (LCF) while failing to adequately monitor the scheme, according to a report commissioned by the Department for Business, Energy and Industrial Strategy (BEIS).

Silverlight Capital Partners is preparing to target between 600 and 800MW of operational UK solar assets in expectation that the secondary market will double within the next six months.

The development of solar in the Republic of Ireland will benefit from the late introduction of a support scheme compared to other markets and improve public opinion of renewables, according to leading figures in the sector speaking at last week’s Solar PV Ireland event.

The UK solar industry hit another monthly low in October with newly-released statistics revealing that just 2,406 MCS-accredited systems were installed last month.

Conergy’s UK arm has replaced its senior management team little more than a year after their appointment.

Investment group NextEnergy Solar Fund has agreed to acquire a 5MW solar farm in Essex, the first of many it is thought to be close to adding to its portfolio.