Solar PV generation falls 5.9% in 2021 despite increases in capacity
Solar generation fell by 5.9% in 2021 compared to 2020, with renewables generation decreasing across the board as a result of less favourable weather conditions.
Articles tagged with: Renewables
‘Vital support’ on offer as net zero community energy fund launched by Northern Powergrid
A new fund targeted at tackling the barriers community energy groups face when getting projects off the ground has been launched by distribution network operator (DNO) Northern Powergrid.
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Bluefield acquires 93MW portfolio of UK wind and solar assets
Bluefield Solar Income Fund has acquired a portfolio of 93.2MWp of UK-based solar and wind for an equity consideration of £112.4 million.
Yorkshire’s Castle Hill Hospital fully powered by solar PV following £4.2m install
With clocks having moved forward, a solar PV farm in Cottingham, Yorkshire is now completely powering the Castle Hill Hospital.
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Solar, wind and nuclear could exceed demand more than 50% of the time by 2030
The UK could have an oversupply of electricity 53% of the time, if new renewable and nuclear targets are hit by 2030.
Liquidity constraints and regulation biggest barriers to investment in renewables
Liquidity constraints and insufficient regulation remain barriers to investment in renewables in the UK, but the market is picking up.
Increases in power price forecasts provide boost for Bluefield, Octopus Renewables
Bluefield Solar and Octopus Renewables Infrastructure Trust (ORIT) have detailed the continued impact of the high power prices seen across Europe in a lingering trend across the sector.
Foresight revenues 30% above expectation as power price escalation continues
Global revenues of Foresight Solar Fund’s portfolio have surpassed expectations during Q1 2022 as the company records increased net asset value (NAV).
Anesco heads to Germany with new subsidiary as European expansion continues
In its first steps into the market, Anesco has acquired German renewables firm Aeos Energy and launched its Anesco Germany subsidiary.
Keele University opens Low Carbon Energy Generation park
Keele University has officially opened its new Low Carbon Energy Generation park, including 12,500 solar panels as well as two wind turbines.
Construction starts at EDF’s 50MW Sutton Bridge solar site
Construction of EDF Renewables’ first major UK solar project has begun, with Anesco having been appointed to build the site.
Cero Generation appoints new CEO as it plots continued growth
Cero Generation has hired Marta Martinez Queimadelos as its new chief executive officer, with Queimadelos having joined the board in November 2021.
Construction kicks off at NextEnergy’s 36MW subsidy-free Whitecross solar site
Following a deferral of the original kick off date, construction has now begun on NextEnergy Solar Fund’s (NESF) bifacial, subsidy-free Whitecross solar site.
Downing extends £30m term loan with NatWest for UK solar portfolio
Downing LLP has completed the extension of a £30 million term loan facility with NatWest for a c.48MWp solar portfolio in England and Northern Ireland.
Innova, Novus secure planning approval for 24MWp solar site as the two pursue 8GW portfolio
Planning permission has been given for Ducklington Solar Farm in Oxfordshire, a site being developed by Innova Renewables in partnership with Novus Renewable Services.
Octopus Renewables looks to embrace merchant revenue amid high wholesale prices and strong results
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.
Reduce VAT on solar to boost resilience and reduce energy bills, Solar Energy UK urges government
A reduction on VAT for solar and storage among other technologies would be a fast and simple way to reduce the impact of the energy price crisis on consumers, Solar Energy UK has said.
Solar canopies, rooftop PV and battery storage install underway for Portsmouth International Port
The installation of rooftop solar PV across several buildings, alongside battery storage and solar canopies, has begun at Portsmouth International Port as part of its bid to reduce carbon emissions to net zero by 2030.
Solar-plus-storage-plus-EV charging to be installed at Edinburgh Airport
AMPYR Solar Europe (ASE) has signed a deal with Edinburgh Airport to develop a 9MW solar farm linked with battery storage and electric vehicle (EV) charging infrastructure.
MPs call for national solar strategy as Mallard Pass opposition rages on
MPs have this week spoken out about the development of large-scale solar PV, citing concerns over food security, biodiversity and supply chains.
Solar-plus-storage fitted in Welsh homes in low-carbon village trial
South Cornelly is to be Wales’ first low-carbon village as part of the Low Carbon Communities Initiative, which has seen the installation of solar and battery storage.
Strong asset performance sends Downing Renewables & Infrastructure Trust’s profit above expectations
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.
EDF Renewables UK and Ireland forms deal with IFS Cloud for enterprise asset management
IFS Cloud is to power EDF Renewables UK and Ireland’s enterprise asset management, with this including Operations and Maintenance (O&M) and contract management.
Anesco granted go-ahead for three solar PV sites amid growing investor interest
Anesco has received planning permission for three UK solar farms, with the company expecting to agree new development and construction partnerships with investors later this year.
Foresight to fund new solar and battery storage acquisitions with £150m Revolving Credit Facility
The acquisition and construction of new ground-based solar PV and battery storage projects by Foresight Solar is to be funded through a new three-year facilities agreement.
Cero and Enso JV has three 50MW solar-plus-storage sites approved
Three 49.9MW solar and battery storage sites being developed by the joint venture (JV) between Enso Energy and Cero Generation have received planning permission, adding to the five consented sites already delivered in 2021.
Barclays signs 10-year renewables PPA with bp
Barclays has signed a 10-year power purchase agreement (PPA) with bp, allowing the bank to source a large proportion of its UK electricity demand from renewables projects.
Macquarie funds 365MW UK solar portfolio refinancing with £275m debt investment
New debt financing of £275 million with a 13-year tenor is being provided by Macquarie for the refinancing of a UK solar portfolio totaling 365MW.
Bluefield Solar Income Fund earnings rise as it restrikes PPAs at ‘significantly higher levels’
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.
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350MW Mallard Pass solar farm passes new milestone
The Mallard Pass solar farm under development between Windel Energy and Canadian Solar is continuing to progress through the planning process despite continued opposition.