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.
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.
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.
With clocks having moved forward, a solar PV farm in Cottingham, Yorkshire is now completely powering the Castle Hill Hospital.
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 insufficient regulation remain barriers to investment in renewables in the UK, but the market is picking up.
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.
Global revenues of Foresight Solar Fund’s portfolio have surpassed expectations during Q1 2022 as the company records increased net asset value (NAV).
In its first steps into the market, Anesco has acquired German renewables firm Aeos Energy and launched its Anesco Germany subsidiary.
Keele University has officially opened its new Low Carbon Energy Generation park, including 12,500 solar panels as well as two wind turbines.
Construction of EDF Renewables’ first major UK solar project has begun, with Anesco having been appointed to build the site.
Cero Generation has hired Marta Martinez Queimadelos as its new chief executive officer, with Queimadelos having joined the board in November 2021.
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 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.
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 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.
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.
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.
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 have this week spoken out about the development of large-scale solar PV, citing concerns over food security, biodiversity and supply chains.
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.
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 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.
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.
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 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.
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 (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.
The Mallard Pass solar farm under development between Windel Energy and Canadian Solar is continuing to progress through the planning process despite continued opposition.