NextEnergy ‘weathers turbulence’ of past year as revenues jump on power price surge
Increased power price forecasts boosted NextEnergy Solar Fund’s (NESF) full year results as its revenue grew by 19% to £114 million.
Solar Markets & Finance
Downing raises £52.9m as it looks to further diversify portfolio
Downing Renewables & Infrastructure Trust (DORE) has raised c.£52.9 million to repay its revolving credit facility.
Harmony Energy secures £60m from NatWest for battery storage acquisition
Harmony Energy Income Trust plc has secured a £60 million debt facility from NatWest to support the acquisition of the company’s first pipeline project.
Octopus acquires 68MW Breach Solar Farm along with stake in storage site
Octopus Renewables Infrastructure Trust (ORIT) has acquired a c.68MW ready-to-build solar PV project in Cambridgeshire from AGR Renewables.
Downing looks to raise £50m to repay RCF and finance pipeline purchases
Downing Renewables & Infrastructure Trust has announced a proposed issue of ordinary shares in order to raise approximately £50 million.
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‘Unprecedented’ power prices driving commercial PV interest, ROOF says as it details 500MW pipeline
Commercial solar firm Atrato Onsite Energy (ROOF) has developed a 496MW pipeline of assets, with the company expecting interest in PV to rise with the increase in energy bills.
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Bluefield Solar raises £150m as it eyes potential acquisition opportunities
Bluefield Solar has raised £150 million to pay down its fully drawn Revolving Credit Facility (RCF) following its acquisition of a 93MW portfolio earlier this month.
Virgin Money unveils £200m green loan to help farmers decarbonise
Virgin Money has launched a new £200 million fund to help farmers decarbonise.
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PODCAST: Solar developers feeling the pinch, Europe’s power plan falls short on energy storage
Solar materials and component prices have stayed high longer than expected and developers are now starting to feel the pinch, the latest episode of the Solar Media Podcast has discussed.
‘Strong investor demand’ sees Gresham House meet £150m fundraising goal
Gresham House Energy Storage Fund has raised £150 million following it announcing the new share placing earlier this week.
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Downtime days nearly double for solar developers amid continued supply chain woes
The average number of downtime days has nearly doubled in the solar sector globally, surging beyond the renewable sector-wide average rises of 38% on 2016 levels.
Gresham House plots £150m raise to fund 747MW battery storage pipeline
Gresham House Energy Storage Fund is to issue new ordinary shares with an intention of raising approximately £150 million.
RESS winners revealed as 1.5GW of solar secures contracts in ‘hugely challenging’ auction
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, inflation rates and strong irradiation continue to boost asset value
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, Centrica and MYTILINEOS sign PPA for 110MW of solar
Vodaphone and Centrica have signed a power purchase agreement (PPA) with MYTILINEOS S.A for the output of three solar farms in the UK.
Bluefield acquires 93MW portfolio of UK wind and solar assets
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.