Vortex sells controlling stake in 365MW portfolio in c.£500m transaction
Vortex Energy has completed the sale of its controlling and managing stake in its 365MW portfolio, originally purchased from ex-SunEdison yieldco TerraForm Power.
Articles tagged with: Renewables
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New solar developer Climate ER secures £250m funding for 500MW pipeline
New UK focused solar developer Climate ER has secured funding for £250 million worth of utility scale projects.
‘Green hydrogen for Scotland’ gets underway with project powered by solar and wind
Solar energy together with wind is set to power a new 10MW electrolyser outside of Glasgow, helping to generate green hydrogen.
Despite COVID-19 uncertainty opportunities remain for investment, says ORIT in full interim results
Despite the uncertainty created by COVID-19, Octopus Renewable Infrastructure Trust’s (ORIT) dividend remains on track as the company releases its full interim results.
Scottish Water makes bid for net zero as renewables lead strategy
Scottish Water has detailed its plans to ramp up its reliance on renewable energy in its net zero roadmap.
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STA partners techUK and RenewableUK to stimulate long-term PPAs
The Solar Trade Association (STA) has teamed up with techUK and Renewable UK to help encourage power purchase agreements (PPAs) to help stimulate the UK’s renewable generation.
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Citizens’ Assembly shows majority of public support solar as a net zero technology
Solar proved a winning technology for the UK’s first ever Citizens' Assembly on climate change, with 81% supporting it.
Lightsource BP sells 275MWdc of solar to Statkraft Ireland
Statkraft Ireland has acquired a portfolio of 275MWdc of solar from Lightsource BP.
80GW of new solar PV needed to reach net zero targets
The UK will need to deploy 80GW of solar to meet net zero according to a new whitepaper.
FiT completion deadline further extended by six months
Solar projects have been granted a further six months to complete and register under the feed-in tariff (FiT) scheme due to the long-lasting impacts of COVID-19.
Gresham House Energy Storage Fund sees NAV per share fall due to COVID
Gresham House Energy Storage Fund (GRID) has seen its Net Asset Value (NAV) per share fall 2.6p as a result of COVID-19 over the first half of 2020.
GE Renewable Energy chosen to deliver 25MW DC-coupled energy storage system
The UK’s first DC-coupled battery energy storage system is under development in a collaboration between GE Renewable Energy and Wykes.
An evolving mandate: Bluefield Partner’s James Armstrong discusses its move beyond solar
Solar Power Portal caught up with James Armstrong, managing partner of Bluefield Partners, the investment adviser of Bluefield Solar Income Fund, about company broadening its scope, which technologies it will focus on and the impact Contract for Difference (CfD) auctions could have.
LCOE costs of solar PV continue to plummet in BEIS forecasts
New statistics published by the Department for Business, Energy and Industrial Strategy (BEIS) show another significant drop in the expected costs of solar out to 2040, with figures for the expected costs of storage technologies also released.
Warrington Borough Council launches green investment scheme for solar farm
Warrington Borough Council is launching a green investment scheme, which will allow local residents to help fund a new solar farm.
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‘Breadth and depth’ added to Foresight as it completes PiP acquisition
Foresight has completed its acquisition of fellow investment company Pensions Infrastructure Platform (PiP).
Details of potential 20MW Isle of Man tender unveiled
The Isle of Man is exploring the possibility of opening up a tender for 20MW of onshore renewable energy as part of its plans for 75% renewables by 2030.
Increase in mega-projects boosts European solar generation to 68TWh in H1
Solar generation across Europe jumped 15% in the first six months of the year, reaching 68TWh largely due to bigger solar farms coming online.
JBM to build subsidy-free 50MW solar-plus-storage site
JBM Solar Projects is to build a new 50MW solar farm with battery storage at a site near Swindon.
High RESS strike prices down to connection costs and PPA length
High grid connection costs resulted in a solar strike price in Ireland’s first Renewable Electricity Support Scheme (RESS) auction “significantly higher than anywhere else in Europe” according to the Irish Solar Energy Association (ISEA).
Sunamp raises £4.5m to fund overseas expansion
Thermal energy storage firm Sunamp has raised £4.5 million in Series A funding to help support its international expansion.
Statkraft comes out on top in RESS with 276MWp as other winners unveiled
Norwegian state-owned power giant Statkraft has scooped up the largest contract in Ireland’s first Renewable Electricity Support Scheme (RESS), with two solar farms totaling 276MWp coming out successful alongside 57MW of onshore wind.
Anesco hands off subsidy-free Clayhill to GRIDSERVE in ‘multi-million’ pound deal
Anesco has sold on its subsidy-free Clayhill solar farm to GRIDSERVE in a “major step” towards becoming a service provider over asset owner.
Solar smashes expectations as it takes home whopping 796MW in RESS auction
Solar has superseded expectations as it scoops up 796MW in Ireland’s first Renewable Electricity Support Scheme (RESS) auction.
Octopus Renewables Infrastructure Trust unveils NAV of £341.5m as it moves into France
Octopus Renewables Infrastructure Trust (ORIT) has published its net asset value (NAV) as of 30 June 2020 as it unveils French acquistions.
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Subsidy-free Aura Power solar farm takes step forward
A subsidy-free solar farm with a rated capacity of up to 49.9MWp is moving forwards in north Devon.
Renewable generation hits new highs confirming ‘revolution in power generation’
Renewable generation hit a new record in 2019, generating 37.1% of the UK's electricity throughout the year.
UK comes in second in new European PPA Index
New analysis has found that the UK has the second highest proportion of projects with PPA offers out of fourteen European countries.
‘Not unreasonable’ to expect Gresham House to target larger capacities as it continues to scale
Gresham House has been exploring the possibility of introducing debt finance into the company for a “considerable period of time”, with the flexibility benefits pushing it towards a private offer.
National Grid projects ‘significantly higher’ levels of solar as it upgrades FES to include net zero
National Grid ESO's projections for solar have increased as it expects there to be "significantly higher levels of solar generation" than it predicted in its 2019 Future Energy Scenarios (FES).