Solar Markets & Finance

A reduction on VAT for solar and storage among other technologies would be a fast and simple way to reduce the impact of the energy price crisis on consumers, Solar Energy UK has said.

A £31 million inflation linked debt refinancing has been secured from institutional investment abrdn by Community Owned Renewable Energy Partners (CORE).

High power prices helped bolster Foresight Solar Fund’s financial results for 2021, the company confirmed yesterday (9 March).

Despite a surge in activity, grid connections remain a key barrier to the development of solar projects in the Republic of Ireland.

The scale of Nationally Significant Infrastructure Project’s (NSIP) can help to counterbalance many of the challenges solar project developments face currently, including those around grid connection, said speakers at Solar Media’s Solar Finance and Investment Europe conference.

Downing Renewables & Infrastructure Trust (DORE) – which entered the UK solar market in 2021 – has recorded an operating profit of investments 16.9% above expectations as it continues to pursue UK opportunities.

The acquisition and construction of new ground-based solar PV and battery storage projects by Foresight Solar is to be funded through a new three-year facilities agreement.

Barclays has signed a 10-year power purchase agreement (PPA) with bp, allowing the bank to source a large proportion of its UK electricity demand from renewables projects.

Bluefield Solar Income Fund (BSIF) has seen its underlying earnings rise to £21.4 million as high power prices, investments into battery storage – with two-hour durations a possibility – and lower than expected irradiation all shaping H2 2021.

AMPYR Solar Europe’s (ASE) has announced a new partnership with CarVal Investors, which will help it develop over 2GW of solar power capacity by 2025.