Articles tagged with: Finance

BW Group to fully fund Penso Power’s 3GWh UK battery storage pipeline

19 Oct 2021, 11:57

Penso Power has signed a new agreement with global maritime group BW Group that will see the build-out of the former’s UK battery storage pipeline fully funded.

EDP to invest £13bn in UK renewables by 2030

19 Oct 2021, 11:01

EDP Renewables (EDPR) is aiming to cement its position in the UK renewables market, with plans to invest £660 million over the next five years.

Octopus to invest £150m mandate in renewable assets

13 Oct 2021, 16:36

Specialist clean energy investor Octopus Renewables has won a £150 million corporate pensions mandate from a large UK-based institutional investor.

Power price volatility creates positive momentum for Foresight’s portfolio

6 Oct 2021, 11:51

Power price volatility helped provide positive momentum for Foresight Group Holdings’s portfolio of assets in the six months to 30 September.

Pacific Green Technologies secures debt financing for 99.8MW BESS

22 Sep 2021, 12:13

Pacific Green Technologies is to finance the construction of its 99.8MW battery energy storage system with £23 million of debt financing.

PODCAST: Solar procurement challenges escalate, inside Britain’s power market volatility

21 Sep 2021, 10:49

All signs point to growing solar installations this year, with up to 191GW expected to be deployed, but reaching that figure won’t be without its challenges as procurement remains subject to shipping constraints and higher costs, the September 2021 episode of the Solar Media Podcast hears.

Frequency response drives Gresham House’s earnings to £22.4m

20 Sep 2021, 12:21

Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020.

Highest power prices since Foresight’s inception drive strong H1 results

16 Sep 2021, 13:17

Rebounding power prices have driven Foresight Solar Fund’s results in the first half of 2021, with its net asset value jumping to £596.4 million.

BEIS sets out CfD pot budgets ahead of December auction

13 Sep 2021, 10:29

A total of £265 million has been set aside for the Contracts for Difference (CfD) scheme, the Department for Business, Energy and Industrial Strategy (BEIS) has today (13 September) revealed.

New market entrant Evolution Power takes aim at 3GW of UK renewables

10 Sep 2021, 16:01

Evolution Power – a new entrant to the UK renewables market – has partnered Finnish sustainable investment group Korkia to fund an initial 1GW pipeline.

TRIG announces new share issue as it eyes new opportunities

1 Sep 2021, 11:05

The Renewables Infrastructure Group (TRIG) has announced the issue of new ordinary shares to repay amounts drawn under it Revolving Credit Facility (RCF) and meet near-term funding requirements.

Elgin Energy agrees financing for 50 solar projects across Ireland and UK totalling 1.36GWp

24 Aug 2021, 12:51

Elgin Energy expects to accelerate the deployment of a significant portion of its utility-scale solar portfolio thanks to a new financing deal with German bank Berenberg.

British Solar Renewables seeking full acquisition as it enters next growth phase

13 Aug 2021, 11:14

British Solar Renewables (BSR) is exploring acquisition opportunities after recognising it will need increased access to construction finance and growth capital.

UK needs to treble solar in order to reach net zero but ‘significant barriers’ remain

17 Jun 2021, 13:45

The UK solar industry needs to treble to align with Climate Change Committee (CCC) recommendations, hitting 40GW of installed capacity by 2030.

Power prices continue to impact asset value for Foresight Solar Fund

17 May 2021, 10:33

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

13 May 2021, 12:04

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

13 May 2021, 10:33

JLEN is to fund new battery storage and biogas investments with the proceeds of a new oversubscribed £56.9 million placement.

VAT exemption for solar products supported by majority of public, survey finds

27 Apr 2021, 10:46

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

20 Apr 2021, 10:36

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.

Feature

Solarsense at 25: Stephen Barrett discusses solar’s move from the fringes to the mainstream

15 Apr 2021, 18:23 • By Molly Lempriere

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

1 Mar 2021, 12:37

Elgin Energy is to progress a 210MW portfolio of subsidy-free solar following the closure of its first fundraise with Focus Capital Partners.

TUC warns Green Homes Grant funding cuts are a ‘wrecking ball’ to green jobs

1 Mar 2021, 10:17

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

15 Jan 2021, 16:56

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?

12 Jan 2021, 11:39

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.

Foresight eyes up London Stock Exchange as it unveils IPO plans

5 Jan 2021, 11:25

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.