Sunamp to further global expansion with £6m Scottish National Investment Bank funding
Thermal energy storage firm Sunamp has received a £6 million convertible loan note investment from the Scottish National Investment Bank.
Solar Markets & Finance
SSE backed Renewco Power sets sights on 4GW renewables portfolio
A new renewables firm with the backing of SSE has been launched with a focus on roll-out of large-scale solar and wind farms across the UK and Europe.
Pacific Green Technologies secures debt financing for 99.8MW BESS
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
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
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.
NextEnergy and Eelpower sign £100m JV to develop 250MW of storage
NextEnergy Solar Fund has signed a £100 million Joint Venture Partnership (JVP) with battery storage specialist Eelpower.
Highest power prices since Foresight’s inception drive strong H1 results
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
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.
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New market entrant Evolution Power takes aim at 3GW of UK renewables
Evolution Power – a new entrant to the UK renewables market – has partnered Finnish sustainable investment group Korkia to fund an initial 1GW pipeline.
Segen bought by City Electrical Factors’ parent company
Residential and commercial rooftop solar PV system distributor Segen is to be acquired by Labora Holdings Limited, the parent company of electrical products and services supplier City Electrical Factors (CEF).
Solarwatt launches UK subsidiary as it eyes expansion
Glass-glass solar module leader Solarwatt has established a new UK subsidiary to reinforce its presence in the market.
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TRIG announces new share issue as it eyes new opportunities
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
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.
Ortus Energy teams up with Fiera Infrastructure for £100m C&I solar investment
A new exclusive long-term partnership will see £100 million invested into new commercial & industrial (C&) rooftop solar developments in the UK.
Field unveils 160MW storage pipeline following £10m fundraise
Field has secured a pipeline of 160MW of battery storage sites in the UK, and begun construction of the first of these, the 20MW Oldham site.
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Bluefield acquires its first co-located solar and energy storage project
Bluefield Solar Income Fund has acquired a ready to build 45MWp solar and 25MWp storage site in northeast Lincolnshire.