Solar Markets & Finance

Following energy minister Graham Stuart’s assurances that the Government is working hard to meet it’s 70GW solar target on the first day of Solar Media’s UK Solar Summit 2023 (27 June) the close of the second day of the event saw a panel of experts discuss what risks threaten the success of this new era of solar.

Scotland’s interest-free solar home loans scheme has been ended abruptly, according to Solar Energy UK.

Solar will remain the energy sector’s fastest-growing sub-segment, says a Bloomberg Intelligence report, which suggests that demand could soar 30-40% in 2023.

Labour Party Shadow Minister for Energy and the Green New Deal Dr Alan Whitehead opened the second day of the UK Solar Summit, hosted by our publisher Solar Media, to lay out Labour’s vision for the solar and renewable sectors.

The first meeting of the government’s Solar Taskforce was held in May, with the group aiming to lay out a pathway to achieving the government’s target of 70GW of solar by 2025 within the next year.

Specialist investment firm Adaptogen Capital has confirmed that it has raised £207 million for its Adaptogen Battery Storage LP fund.

NextEnergy Solar Fund (NESF) has recorded a slight increase in net asset value (NAV) of £5.9 million for the year with its portfolio achieving a generation outperformance.

Gore Street Energy Storage Fund has confirmed that it secured “record prices” in the T-4 2023 Capacity Market auction.

InstallerSHOW has announced it will be offering a dedicated solar zone, designed to give visitors the tools and information they need to succeed in the solar sector.

Banks Renewables – part of Banks Group – has submitted a proposal to add 40MW of battery storage capacity to its consented 50MW solar farm in Leeds.