UK needs to treble solar in order to reach net zero but ‘significant barriers’ remain
The UK solar industry needs to treble to align with Climate Change Committee (CCC) recommendations, hitting 40GW of installed capacity by 2030.
Articles tagged with: Finance
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Power prices continue to impact asset value for Foresight Solar Fund
The impact of the low power prices in the UK is continuing to be felt, as Foresight Solar Fund announces Net Asset Value (NAV) drop.
Gore Street snaps up 80MW battery storage asset from RES
Gore Street Energy Storage Fund has acquired an 80MW energy storage project from RES, having also entered into exclusivity with the renewable energy company for over 300MW of assets.
JLEN eyes further battery investment with £57m fundraise
JLEN is to fund new battery storage and biogas investments with the proceeds of a new oversubscribed £56.9 million placement.
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VAT exemption for solar products supported by majority of public, survey finds
Removing VAT on clean energy products like solar panels is supported by a majority of the public, new analysis by Green Alliance has found.
Virgin Money agrees multi-million pound financing deal with Gresham House
Virgin Money has agreed a new financing partnership with Gresham House Solar Distribution, providing a £18 million revolving credit facility to facilitate the growth of solar assets.
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Solarsense at 25: Stephen Barrett discusses solar’s move from the fringes to the mainstream
Ahead of the company’s 25th anniversary, Solar Power Portal caught up with Solarsense's Stephen Barrett to discuss how the sector has developed over the last quarter century, and what’s next.
Elgin raises £4.35m for 210MW subsidy-free solar portfolio
Elgin Energy is to progress a 210MW portfolio of subsidy-free solar following the closure of its first fundraise with Focus Capital Partners.
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TUC warns Green Homes Grant funding cuts are a ‘wrecking ball’ to green jobs
Of the 100,000 new jobs to result from the Green Homes Grant, only 14,500 of these have been created to date.
Q&A: Solar Energy UK’s Chris Hewett on rebranding the trade body and a ‘new era’ for solar
The Solar Trade Association has rebranded to Solar Energy UK this year to reflect the “new era of solar in the UK”, with plans for increased member activity as well as striving for a target of 40GW installed capacity in the country by 2030. We caught up with chief executive Chris Hewett to find out what the trade body has in store for 2021.
PODCAST: How will solar PV accelerate in 2021?
The Solar Media Podcast returns for its first episode of 2021, looking forward to what looks set to be a pivotal year for solar PV.
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Foresight eyes up London Stock Exchange as it unveils IPO plans
The Foresight Group has today announced it is considering proceeding with an initial public offering (IPO) in a move that executive chairman and co-founder Bernard Fairman described as the “next logical step” for the investor.
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Solar Power Portal’s most-read blogs of the year 2020
Here’s the top-ranking blogs from 2020 on Solar Power Portal, based on page views.
TRIG lands £500m credit facility to pursue new investments
The Renewables Infrastructure Group (TRIG) has secured a £500 million ESG-linked SONIA credit facility to support its new investments.
Riding Sunbeams to finance railway connected 3.75MW community solar farm with £2.5m grant
The 3.75MW Cuckmere Community Solar Farm is to directly power the Eastbourne-London mainline railway in a world-first project.
Gresham House raises £15 million to fund new acquisition
Gresham House Energy Storage Fund has raised approximately £15 million by issuing a mix of short and medium-term secured power bonds.
‘Breadth and depth’ added to Foresight as it completes PiP acquisition
Foresight has completed its acquisition of fellow investment company Pensions Infrastructure Platform (PiP).
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.
‘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.
Foresight broadens investment scope with PiP acquisition
Foresight has acquired fellow investment company Pensions Infrastructure Platform (PiP), in a move that broadens the group's infrastructure platform.
Gore street raises £23.7 million to pursue 150MW pipeline
Gore Street Energy Storage Fund has raised £23.7 million through a new share placing.
Gresham House looks to raise £15m of debt financing
Gresham House Energy Storage Fund is aiming to raise £15 million to fund the acquisition of further additional battery storage projects.
SPEN funds 14 community solar projects across Scotland
Across Scotland, 14 local organisations have received funding from SP Energy Networks (SPEN) for solar installations.
Japan a ‘very interesting market’ for Gore Street as it becomes an ‘enabler’ of JXTG’s transition
London Stock Exchange-listed energy storage fund Gore Street has outlined how it sees Japan as a “very interesting market” following its investment from JXTG Nippon Oil & Energy Corporation.
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.
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Energeo identifies 40,000 potential solar sites in London’s Lambeth
Data specialist Energeo has identified 40,000 sites that would be suitable for solar development in the London borough of Lambeth.
PODCAST: New behind-the-meter tech and grid carbon intensity lows
This month’s episode of the Solar Media Podcast is now available to listen to, with discussion around emerging renewables financing and new grid records in the UK.
NextEnergy secures ‘first-of-its-kind’ £100m debt financing for subsidy-free sites
NextEnergy Capital has secured what it is lauding as a “first-of-its-kind” debt financing to construct two subsidy-free solar sites as it unveils a new subsidy-free private fund.
TRIG raises £120 million to pay RCF
The Renewables Infrastructure Group (TRIG) has raised £120 million, which is set to go towards its revolving credit facility (RCF).
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.