Solar Markets & Finance

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.

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.