Solar Markets & Finance

Gareth Simkins examines the winning projects of AR5 and looks ahead to assess how solar is likely to fare in future rounds.

Gore Street Energy Storage Fund has detailed that its portfolio generated an average revenue of £16.1/MWh in January and February.

Solar and battery storage investment firm Foresight Solar Fund confirmed it achieved a record year for electricity production in 2023.

NextEnergy Capital has secured $110m (£85.75m) in capital funding for its solar and battery energy storage-focused fund NextPower V ESG.

The 2024 Spring Budget saw the chancellor of the exchequer Jeremy Hunt reveal that the budget for the next Contracts for Difference (CfD) auction will be set at over £1 billion.

Lloyds Banking Group has signed a 10-year corporate Power Purchase Agreement (PPA) with independent power producer Low Carbon for UK solar.

Hive Energy has secured a new £19m bank guarantee facility from Santander, supported by UK Export Finance (UKEF), to boost solar and BESS.

Industry trade body Solar Energy UK has welcomed eight new members to its board and added two more sponsor members.

Bluefield Solar Income Fund’s NAV per share decreased by just under 3% at 31 December 2023, as the company navigated restricting capital market conditions.

Almost 1,000MW of new-build battery assets were successful in the T-4 Capacity Market Auction for delivery year 2027/28, which cleared yesterday (27 February) at an “all-time high” clearing price of £65/kW/year.