financial results

In its first year, NextPower UK ESG (NPUK ESG), a private solar fund focusing on new-builds, acquired nine assets totalling 416MW of capacity.

Global solar and battery supply chain investigations continue to be a priority for Thrive Renewables, it said in its H1 financial results.

Foresight Solar has completed its second acquisition of a standalone battery energy storage asset.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Increased power price forecasts boosted NextEnergy Solar Fund’s (NESF) full year results as its revenue grew by 19% to £114 million.

Commercial solar firm Atrato Onsite Energy (ROOF) has developed a 496MW pipeline of assets, with the company expecting interest in PV to rise with the increase in energy bills.

Gresham House Energy Storage Fund is transitioning towards a trading-centric business model, with the company to upgrade all of its enhanced frequency response (EFR) battery storage sites to two-hour durations.

Octopus Renewables Infrastructure Trust (ORIT) expanded its portfolio by 179MW over the last year, and is looking to capitalise on high commodity prices to continue its growth over the coming year.

Downing Renewables & Infrastructure Trust (DORE) – which entered the UK solar market in 2021 – has recorded an operating profit of investments 16.9% above expectations as it continues to pursue UK opportunities.

Bluefield Solar Income Fund (BSIF) has seen its underlying earnings rise to £21.4 million as high power prices, investments into battery storage – with two-hour durations a possibility – and lower than expected irradiation all shaping H2 2021.