Solar Markets & Finance

Foresight Solar Fund has seen generation from its UK portfolio perform 9% over budget due to high levels of irradiation.

On the last day of the qualification period, Shannon Energy and Obton have announced they are submitting 11 projects into the first round of the Irish government’s Renewable Electricity Support Scheme (RESS) auction.

Renewables developer GRIDSERVE has entered into a partnership with Hitachi Capital (UK) that has the latter make a multi-million-pound investment.

Merchant solar and wind projects could see their returns “significantly” impacted as power prices across Europe fall.

As the coronavirus pandemic continues, power prices will tumble in the medium term, according to the Renewables Investment Group (TRIP).

Renewable energy venture capital company Albion Capital has successfully raised £57 million in debt by refinancing a portfolio of £105 million.

Six community-run solar farms have advanced £195,000 in community benefit funds, with the money to go towards supporting their local communities during the COVID-19 pandemic.

The next Contracts for Difference (CfD) round is set to be fiercely competitive as solar is allowed to compete for the first time in years.

Irish utility-scale solar developer Terra Solar Limited is winding up, with its projects finding new life with Irish utility ESB.

NextEnergy Solar Fund (NESF) plans to commence construction “shortly” on an 8.5MWp subsidy-free extension as it reiterates the minimal effect of COVID-19 on its operations.