Foresight has revealed it recouped around £13 million in compensation for lost production last year as it cast its eyes beyond what it has termed a “transitionary” year for UK solar.
Foresight Solar Income Fund has significantly bolstered its stake in power purchase agreements, but warned production in 2017 will fall short of expectations.
EFG Hermes has heaped praise on its asset optimisation team after the 365MW former-SunEdison portfolio it acquired earlier this year performed some 25% ahead of expectation.
Over 400 ex-employees of failed energy saving products firm Mark Group have won a court case against their former employer, bringing an end to the almost 18-month legal battle over their treatment.
Foresight Solar Fund has continued to experience serious underperformance issues with SunEdison-built assets that it owns a year after the problems were first made public.
The troubled 11.1MW Norrington Solar Farm is now the sole UK asset left on TerraForm Power’s books after EFG Hermes elected to acquire all other assets in the SunEdison yieldco’s portfolio.
Finlay Colville, head of market research at Solar Media, discusses today's TerraForm Power deal and takes a look at what it means in broader terms for both the UK market and SunEdison.