Solar Markets & Finance

Norwegian renewable energy investor Magnora has entered the UK solar and storage market, with an initial investment into a 60MW solar PV project and a 40MWh Battery Energy Storage System project.

Ahead of the upcoming UK Solar Summer, Solar Media’s head of market research Finlay Colville takes a look at the speed with which all segments of the solar market are growing in the UK at the moment.

Low Carbon Contracts Company (LCCC) have now received all of the 99 signed contacts from July’s Contracts for Difference (CfD) auction, as projects start eying their first contractual milestones.

Foresight Solar has completed its second acquisition of a standalone battery energy storage asset.

Integrated solar developer British Solar Renewables (BSR) has been acquired by global alternative asset manager ICG’s debut infrastructure fund, ICG Infra.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Investor Greencoat Renewables has made its first solar acquisition in Ireland, agreeing to acquire an 80.5MWp project from Statkraft.

During the first six months of 2022, the UK posted 80% growth in new solar PV installations compared to the same period last year, with 556MW of capacity installed. Solar Media’s head of market research Finlay Colville explains the factors driving this growth and what can be expected for the rest of 2022 and into 2023.

Solar power purchase agreements (PPA) in the UK rose 18.4% during Q2 and exceeding £60/MWh, but less than the 24% increase of wind prices.

Solar Media’s head of market research Finlay Colville takes a look at last weeks CfD auction winners and how the projects are spread out around Britain.