Solar Markets & Finance

Renewable energy company Good Energy has seen its H1 2023 revenue increase by 45.6% year-on-year (YoY) driven by higher tariffs due to high wholesale power and gas costs.

Solar Media’s market research team has now completed a week of site identification, matching up all of the awarded Contracts for Difference (CfD) projects within our overall pipeline of about 90GWp-dc of solar farms in the UK (across more than 1,300 sites).

Dedicated solar and battery storage fund Foresight Solar has seen its net asset value (NAV) decrease by almost 6% to £726.6 million in H1 2023.

The Department of Energy Security and Net Zero (DESNZ) has announced a £3.25 million funding package to support projects using artificial intelligence (AI) to accelerate solar connections to the grid.

Foresight Solar Fund has announced that higher-than-expected irradiation in the UK for the six months to June led to an overperformance of 2.8%.

Octopus Renewables Infrastructure Trust (ORIT) has confirmed that its Q2 net asset value (NAV) has decreased by £0.3 million due to a drop in forecast wholesale power prices.

To bolster the UK’s renewable generation capacity, the UK Government has today (3 August) unveiled a £22 million increase in funding for the Contracts for Difference (CfD) scheme, which will include solar.

ENGIE and Infinis have signed a power purchase agreement (PPA) with Arla to supply renewable energy from two solar farms.

Renewable energy company Statkraft has signed seven-year power purchase agreement (PPA) contracts with Infinis covering two UK solar farms.

Foresight Group Holdings, a sustainability-led infrastructure and private equity investment manager, achieved a record year of profitability and Assets under Management (AUM) with eyes for further solar and battery storage expansions.