Provisional results for the second auction in Ireland’s Renewable Electricity Support Scheme (RESS) have been published, showing that 1,534.1MW of solar PV was successful - equivalent to 78% of total capacity.
High power prices continue to drive up the value of solar assets in the UK, with this expected to continue at least throughout 2022.
Vodaphone and Centrica have signed a power purchase agreement (PPA) with MYTILINEOS S.A for the output of three solar farms in the UK.
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Bluefield Solar Income Fund has acquired a portfolio of 93.2MWp of UK-based solar and wind for an equity consideration of £112.4 million.
Liquidity constraints and insufficient regulation remain barriers to investment in renewables in the UK, but the market is picking up.
Bluefield Solar and Octopus Renewables Infrastructure Trust (ORIT) have detailed the continued impact of the high power prices seen across Europe in a lingering trend across the sector.
Global revenues of Foresight Solar Fund’s portfolio have surpassed expectations during Q1 2022 as the company records increased net asset value (NAV).
Gore Street Energy Storage Fund has raised gross proceeds of £150 million from an initial issue, which is to be used to pursue its 1.3GW pipeline.
Downing LLP has completed the extension of a £30 million term loan facility with NatWest for a c.48MWp solar portfolio in England and Northern Ireland.
Gresham House Energy Storage Fund is transitioning towards a trading-centric business model, with the company to upgrade all of its enhanced frequency response (EFR) battery storage sites to two-hour durations.
UK developer Anesco is expanding into Europe, announcing its first subsidiary in the Netherlands.
Battery energy storage company Field is to build a portfolio of four assets across the UK after securing financing from investment firm Triple Point Energy Efficiency Infrastructure Company (TEEC).
Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) has acquired a 50% stake in UK renewable developer Island Green Power.
Triodos Bank UK is launching a £4.7 million community renewable energy bond offer through its crowdfunding platform for Empower Community Foundation, which owns two solar farms.
Gore Street Energy Storage Fund is looking to raise £75 million via the issue of 68,181,818 new ordinary shares to fund the acquisition and construction of a new pipeline.
Construction has commenced on a 49.5MW/99MWh standalone energy storage system following new funding from Santander UK.