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STA calls on UK government to set 40GW solar capacity target
The Solar Trade Association (STA) has called on the UK government to target 40GW of solar capacity by 2030.
Articles tagged with: Investment
Community Energy England sets its sights on 5,270MW by 2030
Community Energy England (CEE) has launched its Community Energy 2030 Vision, targeting 5,270MW of community power on the energy system.
‘An exception, not the rule’: The significance of the UK’s biggest solar park’s approval
Following the approval of Cleve Hill Solar Park, Solar Power Portal takes a look at what the next steps are for the project, any technology concerns and whether this will be the first of many Nationally Significant solar infrastructure projects.
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COVID-19 to cause ‘unparalleled decline’ in energy investment
Despite proving more resilient than fossil fuels, investment in renewables looks set to be heavily hit by COVID-19 as investment in the energy sector plunges to lowest level in history.
Return of CfD for solar helps boost the UK’s attractiveness
The return of the Contracts for Difference (CfD) auctions for solar and onshore wind has boosted the UK up EY’s Renewable Energy Country Attractiveness Index (RECAI).
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SEEIT looks to invest £100m in new assets in new trading update
The SDCL Energy Efficiency Income Trust (SEEIT) is looking to invest more than £100 million in assets including rooftop solar.
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TRIG reduces its NAV as power prices throughout Europe tumble
As the coronavirus pandemic continues, power prices will tumble in the medium term, according to the Renewables Investment Group (TRIP).
Albion Capital refinances £105m UK renewables portfolio
Renewable energy venture capital company Albion Capital has successfully raised £57 million in debt by refinancing a portfolio of £105 million.
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Pot 1 technologies set to take centre stage in competitive CfD auction
The next Contracts for Difference (CfD) round is set to be fiercely competitive as solar is allowed to compete for the first time in years.
Foresight Solar Fund closely monitoring COVID-19 as power prices fall
Foresight Solar Fund has stated that COVID-19 has caused no operational disruption so far, but it is closely monitoring the situation.
NESF yet to see ‘significant impact’ from COVID-19 despite fall in share price
NextEnergy Solar Fund (NESF) has taken the decision to cancel its scrip dividend as COVID-19 uncertainty causes shares to fall 20%.
Feature
Q&A: Foresight’s Ricardo Piñeiro talks the rise of subsidy free and high power prices
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Solar Power Portal sat down with Ricardo Piñeiro, head of UK Solar at Foresight Group, to discuss the rise of subsidy free solar, the return of the contracts for difference auction (CfD), and the effect of the Targeted Charging Review (TCR).
Budget 2020: Solar industry ‘disappointed’ as much-anticipated ‘green’ Budget falls short
Solar Power Portal talked to some of the key players in the solar sector to gauge their reactions following yesterday's Budget.
Business rates, VAT and zero-interest loans: The STA calls on government to ‘unleash’ solar
Exemption from business rates, fair tax treatment and zero-interest loans for green home improvements are needed to unlock the potential of solar power in the UK.
Gresham House cites ‘growing confidence’ in storage, raising £31.2m in oversubscribed share placing
Gresham House Energy Storage Fund has raised £31.2 million in an oversubscribed share placing, with funds to go towards a potential acquisition.
Greencoat secures £277m of pension fund commitments for new private markets fund
Greencoat Capital is launching a new fund, Greencoat Renewable Income LP (GRI), focusing on infrastructure assets for solar and other renewables.
TRIG announces strong financial results and increased focus on battery storage in UK
The Renewables Infrastructure Group (TRIG) has released its financial results, highlighting an increasing focus on battery storage in the UK.
Elgin Energy completes fundraise to pursue 250MW UK solar portfolio
Solar developer Elgin Energy has secured £4.7 million of funding to complete the late-stage development of a 250MW-strong UK solar portfolio.
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Solar jobs continue to fall, but sector remains optimistic
The number of jobs in the solar sector has dropped "disappointingly" since 2015, according figures from the Office of National Statistics (ONS) show.
Canadian Solar joins UK post-subsidy rush
Canadian Solar has said it is in the process of developing a pipeline of subsidy-free solar farms in the UK, joining a recent flurry of developers to return to the build-out phase.
Feature
UK utility solar to return to GW demand status in 2020 as desired energy type going forward
Finlay Colville, head of market research at Solar Media, provides an early forecast for what next year holds in store for UK solar as post-subsidy economics and a surging project pipeline come to the fore.
GE2019: Solar and storage omitted from Conservative manifesto
The Conservative Party manifesto, launched on Sunday, fails to lay out any policies for solar power or energy storage, despite the party’s net zero ambitions.
Labour launches manifesto, including boost for solar and nationalisation plans
The Labour Party today launched its manifesto, cementing it’s plans to expand renewables and nationalise the energy sector.
Octopus to float new renewable infrastructure investment fund
The Octopus Group will float a new renewables fund, the Octopus Renewables Infrastructure Trust, on the London Stock Exchange.
UK renewable investment attractiveness bounces back
The UK is back into seventh position in the most recent EY’s Renewable Energy Country Attractiveness Index (RECAI), released yesterday (19 November).
The Green Party launches manifesto, including solar for 10 million homes by 2030
The Green Party has launched its manifesto, including a pledge to invest £12 billion a year into renewables and to fit one million solar panels on homes per year.
Brexit unlikely to have ‘major impact’ on solar but concerns on costs, imports remain
While a lot of uncertainty still remains with regards to renewables after Brexit, the growth of subsidy free solar, along with net zero and other targets enshrined in UK law, and the World Trade Organisations (WTO) arrangements should reassure the solar industry. But concerns over imports, skilled staff and growing costs remain.
Limejump and Bluefield Solar Income Fund sign PPA
Flexibility aggregator Limejump has signed a short-term Power Purchase Agreement (PPA) with Bluefield Solar Income Fund. Limejump will manage the power sale for four solar farms owned by Bluefield, using its Virtual Power Platform (VPP).
ScottishPower bids to build private wire solar-plus-storage project in Scotland
ScottishPower’s renewables arm has applied to build a utility-scale solar-plus-storage farm in Scotland, which is to be backed by a private wire connection with pharmaceutical giant GlaxoSmithKline.
Gore Street secures sovereign wealth fund backing for 60MW Republic of Ireland storage duo
Gore Street Energy Storage Fund has received a £9.5 million boost for two storage projects recently awarded contracts in the DS3 flexibility market.