Solar Markets & Finance

BESS were awarded 655.16MW in the T-1 Capacity Market Auction for delivery year 2024/25 which cleared yesterday (20 February) at £35.79/kW/year.

Independent power producer (IPP) Econergy and Rivage Investment have agreed to £128 million (€150 million) in debt financing to progress their pipeline of European PV projects.

Clean energy provider Good Energy has announced its acquisition of solar and storage firm JPS Renewable Energy as well as its subsidiary Trust Solar Wholesale.

Power market analysts LevelTen Energy has published its latest report on the European renewable power purchase agreement (PPA) sectors noting a slight increase for those signed in the UK.

Foresight Solar has seen its unaudited NAV fall to £697.9 million in Q4 2023, despite UK portfolio operating “stronger-than-expected”.

The IEA has released a paper signalling that Ireland has the highest electricity demand growth rate in the EU with solar capacity growing.

Schroders Greencoat has revealed today that it will complete the UK’s “largest-ever solar acquisition” securing 53 sites from Toucan Energy.

The UK government has outlined several amendments to the contracts for difference (CfD) scheme which could impact solar from AR7.

Gore Street Energy Storage Fund has revealed that its Irish portfolio generated an estimated £25.8/MWh during Q3 of the 2023 financial year.

Government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.