Solar Markets & Finance

The world’s largest solar manufacturer Tongwei Solar (Hefei) Co., Ltd has appointed Polysolar Ltd as its sales agent for the United Kingdom.

Chancellor Jeremy Hunt has announced a windfall tax on electricity generators at a rate of 45%.

Market intelligence company Cornwall Insight has warned that extending the windfall tax to renewable energy companies such as solar power funds would be disproportionate to profits.

Solar farm owner Toucan Energy Holdings has reportedly entered into administration, with Thurrock Council having run up debts of around £1.5 billion.

A joint venture 50MW battery storage project owned by clean energy developers Intelligent Land Investors (ILI) Group, Abbey Group and YOO Energy, has been sold to the French multinational energy company ENGIE.

A 50MW battery energy storage facility being developed by Statera Energy has entered commercial operations in Malmesbury, Wiltshire.

Foresight Solar Fund (FSF) has recorded a 2.1% net asset value (NAV) increase to £771.2 million due to high-power forecasts and rising inflation.

Gresham House Energy Storage Fund has secured £155 million incremental term debt via an Accordion arrangement contemplated under an existing senior debt facility.

The Solar Power Portal editorial team is reporting live from Solar & Storage Live 2022 at the NEC in Birmingham, bringing you all the insight, news and views from the show floor.

Welcome to Solar Power Portal’s coverage of Solar & Storage Live 2022, taking place at the NEC in Birmingham over 18-20 October. Our editorial team will be reporting live from the event, bringing you all the insight, news and views from the show floor.