Solar Markets & Finance

The government’s revenue cap sends a poor signal to investors in renewable energy, Solar Energy UK has said.

NextEnergy Solar Fund (NESF) has provided a £60 million increase to its Revolving Credit Facility (RCF) with AIB and NatWest.

Gresham House Energy Storage Fund (GRID) has seen its net asset value (NAV) increase by 53.5% to £785 million, the firm disclosed in its half year results ending 30 June 2022.

Centrica Business Solutions will convert a decommissioned gas-fired power station in Lincolnshire into a 100MWh battery storage facility.

Bluefield Solar has been promoted to the London Stock Exchange’s FTSE 250 index.

Octopus Energy has doubled its ‘Fixed Outgoing’ tariff to help lower customers’ bills as they head into winter.

Power prices are continuing to boost solar asset value, with Foresight Solar Fund reporting its net asset value (NAV) per share, EBITDA and consolidated revenues jumping over the first six months of 2022, but the fund said prices are unsustainably high currently.

“It is going to become socially unacceptable for businesses to not to have solar on their roofs in the short to medium-term,” said Shaun Beattie, sales director of BeBa Energy, at the UK Solar Summit.

SDCL Energy Efficiency Income Trust plc (SEEIT) has announced a new share offer as it looks to raise approximately £135 million.

Atrato Onsite Energy has secured 65 assets and pipeline projects from Macquarie Green Investment’s Sonne Solar.