Exclusive: Tesco plotting UK superstore solar rollout programme
Tesco is planning a major rollout of solar on the roofs of its stores in the UK, Solar Power Portal can reveal.
Articles tagged with: Finance
BayWa r.e. celebrates Octopus solar O&M deal
BayWa r.e. has landed a contract to provide operations and maintenance services to Octopus Investments for 13 of its UK solar farms.
Government must re-examine established renewables policy, consider ‘CfD Floor’ mechanism
The government must urgently re-examine its policy for supporting established renewables if it is to meet climate objectives, research and analysis firm Cornwall Insight has said.
Shell partners Anesco for UK battery storage
Anesco and Shell’s New Energies division are to partner on a utility-scale battery storage project in Norfolk.
Greencoat lands trio of UK solar farms to take portfolio beyond 600MW
Greencoat Solar has added a further 60MW to its portfolio with a new acquisition, taking its total installed capacity above 600MW.
A new era or a mountain to climb? BEIS export guarantee receives mixed bag of responses
The government’s Smart Export Guarantee (SEG), its eagerly awaited replacement for the soon-to-close export tariff, has been dubbed both a “new era” for solar and a “mountain to climb” as the proposals received a mixed response.
Export guarantee assessment suggests solar deployment impact to be minimal
The government expects its proposed Smart Export Guarantee to have a positive, albeit notional impact on domestic solar deployment it has said.
BEIS unveils Smart Export Guarantee to replace export tariff
The Department for Business, Energy and Industrial Strategy has unveiled a new ‘Smart Export Guarantee’ to replace the export tariff.
NTR secures £207 million from financial giants to power renewables spree
NTR has landed €229 million (£207 million) in commitments for its second renewable energy income fund, attracting interest from some of Europe’s biggest financial powerhouses.
Solar stories of 2018, part four: Claire Perry’s U-turn and subsequent U-U-turn
We conclude our recap of the most significant stories of 2018 for UK solar, remembering what happened throughout October, November and December. Energy minister Claire Perry, predictably, features heavily.
Solar stories of 2018, part three: BEIS bombshells, M&A and financial pressures
We continue our recap of the most significant stories of the year, today looking back at July, August and September when BEIS dropped another policy bombshell and M&A activity in the solar sphere.
Lightsource BP confirms UK’s ‘biggest ever’ subsidy-free solar deal with Budweiser brewer
Lightsource BP has confirmed that it has clinched a deal with Budweiser brewer AB InBev to develop and operate PPA-backed, subsidy-free solar farms.
Export tariff closure to reduce small-scale renewables deployment to just 50MW per year
The government’s decision to cut the export tariff to new applicants could reduce deployment of small-scale solar to as low as 40MW per year, an impact assessment has concluded.
A ‘fundamental market failure’: Industry responds to BEIS export tariff decision
Today the government confirmed that it will press ahead with proposals to cut the export tariff to new applicants from 31 March 2019. The industry has responded strongly.
Solar stories of 2018, part one: Nissan enters the home solar market as business rates loom large
Over the course of this week Solar Power Portal will look back at some of the biggest news stories of 2018, starting with today’s re-cap of the first three months of the year.
Campbell & Kennedy completes 500kW school solar installs in multi-million-pound academy trust scheme
Scottish installer Campbell & Kennedy (C&K) has completed the first tranche of a solar PV installation project across two academy trusts which forms part of a multi-million-pound energy saving scheme.
Northumbrian Water to pilot battery storage under Argonaut Power deal
Water utility Northumbrian Water is to pilot the use of battery storage units at a number of its sites under a new partnership with developer Argonaut Power.
UK solar costs plummeting beyond forecasts, as cheap as £40/MWh by 2030
Large-scale solar deployment in the UK is set to re-ignite next year as the technology continues to beat all previous cost estimates and could be as cheap as £40 per megawatt hour by 2030, the Solar Trade Association has said.
Expanded Little Crow Solar Farm edges closer to DCO as second consultation phase kicks off
Plans for Little Crow Solar Farm, the second PV project seeking a Development Consent Order, have edged closer this week on the back of developer INRG revising upwards the site’s planned capacity.
Private-wire solar farm powers Swindon recycling centre
A 2.5MW private-wire PV project in Swindon, Wiltshire, has been energised, providing power to an adjacent recycling centre.
Feature
Guest blog
Sponsored O&M strategies for finding module-level defects
Lior Handelsman, VP of marketing & product strategy at SolarEdge, analyses the various strategies asset owners can use to identify module-level defects.
Exclusive: Lightsource BP to develop 300MW PPA-backed solar pipeline
Lightsource BP is to deploy more than 300MW of utility-scale solar farms backed by power purchase agreements in the UK, Solar Power Portal can reveal.
NESF turns to Limejump for 120MW PPA deal
NextEnergy Solar Fund (NESF) has tasked energy aggregator Limejump to trade 120MW of its solar generation through a new power purchase agreement (PPA).
Foresight Solar Fund completes 80.9MW portfolio acquisition
Foresight Solar Fund Limited (FSFL) has acquired a portfolio of 11 operational solar farms in the UK for a total consideration of £33.1 million.
Ofgem finds £63 million hole in renewable energy support scheme funds
Ofgem has identified a combined shortfall of over £60 million pounds in two funds underpinning the UK’s solar energy subsidy regimes, taking aim at late payments from energy suppliers.
Feature
Guest blog
Making the most of rooftop solar opportunities
In the latest from NextEnergy Capital, Abid Kazim discusses the shift to a decentralised energy system, how this will facilitate the deployment of rooftop solar and what investment opportunities distributed energy generation represents as we move to the electrification of transportation.
Feature
UK post-subsidy pipeline reaches 3GW, 500MW pegged for 2019 development
Finlay Colville, head of market research at Solar Media, details precisely how the UK’s post-subsidy solar pipeline has soared to just shy of 3GW, while simultaneously forecasting something of a revival for UK solar in 2019 with 500MW to be developed.
NESF subsidy-free pipeline swells as ‘exceptional’ summer boosts profit
NextEnergy Solar Fund (NESF) has added 470MW of subsidy-free PV assets to its acquisition pipeline as an “exceptional” summer of solar saw profits rise.
£450 million Cleve Hill solar farm submits DCO application with reduced scale
Hive Energy and Wirsol have submitted their application to develop their planned nationally significant solar farm, Cleve Hill, albeit on a slightly reduced scale to that originally proposed.
Gresham House raises £100 million for energy storage fund to enter stock exchange
Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, half the amount planned last month but enough to progress plans to acquire a 70MW seed portfolio.