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.
Articles tagged with: Finance
NESF targets 150MW of subsidy-free PV by end of 2020 as summer sun lifts performance
NextEnergy Solar Fund (NESF) is expecting to have amassed an operational subsidy-free solar pipeline as large as 150MW by the end of next year.
RedT shuffles management team as Avalon talks progress
Energy storage firm redT has shuffled its management team as a proposed merger with Avalon nears completion.
NESF toasts completion of maiden subsidy-free solar asset
NextEnergy Solar Fund (NESF) is celebrating the successful connection of its maiden subsidy-free solar farm, claiming it to be the first by a listed investment company.
EDF buys Pivot Power to accelerate battery storage move
EDF has acquired UK battery storage developer Pivot Power in a move designed to spearhead its position in the country’s energy storage market.
RedT secures interim loan to progress merger talks
Energy storage firm redT has secured a £1.9 million interim loan from proposed merger partner Avalon to keep it going until a potential deal concludes.
Solarcentury appoints new global head of origination as it ‘accelerates’ subsidy-free development
Enrico Ambrosini has been appointed as global head of origination at integrated solar power company, Solarcentury. He will lead the companies energy management and power offtake agreements, developing trading and hedging strategies.
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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).
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Solar Alliance signs new agreement with Empire Cinemas for 2.8MW
US company Solar Alliance has signed a memorandum of understanding (MoU) with Empire Cinemas, who own Odeon and Cineworld. The project will ultimately generate 2.8MW on the cinema sites, helping the company lower its carbon emission.
Gresham House falls short in £41.6 million energy storage fund raise
Gresham House has raised £41.6 million through a new share placing to fund both its existing pipeline and a new pipeline of operational and new build assets, falling short of the £58 million it originally targeted.
Gresham House plots £58 million raise to pursue energy storage pipelines
Energy storage investment fund Gresham House has unveiled a new share placing, the proceeds of which will allow it to “grow materially” in the UK energy storage market.
Foresight to ‘optimise’ capital structure, pay down debt with new share placing
Foresight Solar Fund has announced its intention to raise funds via a new share placing in order to pay down its existing debt.
Wyelands Bank eyeing early-mover status in UK subsidy-free solar finance rush
Wyelands Bank has set its sights on becoming one of the early movers in subsidy-free solar finance in the UK, investing in a range of projects in a bid to stimulate the market.
RedT stems losses as Avalon merger talks continue
Vanadium flow machine specialist redT has trimmed its losses as discussions over a planned merger with US storage firm Avalon continue.
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UK solar, storage and new calls for collaboration
Bluefield heralds arrival of UK subsidy-free solar, makes maiden pipeline agreements
Bluefield Solar Income Fund (BSIF) has heralded the arrival of subsidy-free utility-scale solar in the UK, confirming it has dipped its toe into the waters with a handful of pipeline agreements.
Sponsored Subsidy-free solar is coming of age
Subsidy-free solar energy has an important role to play in the decarbonisation of UK energy. Jim Higginbotham, MD for asset finance at Wyelands Bank, discusses how unsubsidised solar is coming to the fore in the UK.
SSL 2019 Day One: A solar industry that means business
Liam Stoker reflects on the opening day of Solar & Storage Live 2019, where the solar and storage sectors’ growing maturity was ever present, and a gritty determination to get things done was clear.
Bristol launches £1 billion net zero procurement programme
Bristol has today formally launched the procurement process for its £1 billion project to turn it into the UK’s first carbon neutral city.
Financial crumbs: Chancellor slammed for meagre net zero funding
Chancellor of the exchequer Sajid Javid has been slammed by the green economy for adding just £30 million to the government’s net zero budget, a mere 0.1% of what is expected to be needed.
Octopus and Co-op Energy unveil community energy JV
Octopus Energy has launched a new joint venture aimed at helping develop community energy projects in the UK.
Gresham House acquires stake in battery storage developer Noriker Power
Battery storage fund Gresham House has acquired a stake in frequent development partner Noriker Power in a bid to “further consolidate” its position in the UK battery market.
Maximeyes takes ‘significant stake’ in Puredrive Energy in bid to take battery storage brand global
UK energy firm The Maximeyes Group has taken a “significant stake” in battery storage technology firm Puredrive Energy.
Net zero can be a catalyst for subsidy-free solar, Foresight says
The UK’s net zero law stands to create a “supportive environment” that could act as a catalyst for subsidy-free solar developments, Foresight Solar Fund has said.
Gresham House aims to complete 150MW of battery storage by Q1 2020 following new asset purchase
Gresham House Energy Storage Fund has completed the purchase of a 5MW standalone battery storage project.
NESF raises £100 million to pay down debt, pursue subsidy-free pipeline
NextEnergy Solar Fund has raised around £100 million through a share issue to repay short-term debt and pursue new subsidy-free developments.
UK large-scale solar pipeline tops 5GW as project developers return to action
The UK solar pipeline of large-scale, ground-mount solar farms has grown dramatically during 2019, with 66 new solar farms identified, accounting for 1.8 GW of capacity.
Solarplicity bids to restructure community energy offering as new winding-up petition hits
Solarplicity has struck a deal with energy supplier Toto as it looks to press ahead with its community energy solar deployment scheme.
Solarcentury reports ‘record’ results as earnings soar on international pipeline
Solarcentury has reported “record financial results” for the year ended 31 March 2019 as it casts its eye towards a 5GW, global solar pipeline.
Solarcentury backing mooted sale to take it to ‘the top tier’
Solarcentury is backing its potential sale to help the company accelerate and establish itself as a major player in the energy transition.