Solar Markets & Finance

Energy storage firm redT has secured a £1.9 million interim loan from proposed merger partner Avalon to keep it going until a potential deal concludes.

A 14.7MW community-owned solar farm in Warwickshire has clinched a new refinancing package from ethical banking firm Triodos and Social and Sustainable Capital (SASC).

Solar Media’s Liam Stoker and Andy Colthorpe return for episode three of the Solar Media Podcast, taking an extensive look at Britain’s net zero legislation. Is 2050 ambitious enough? Is 2025 too ambitious? What’s the sweet spot, and what’s needed for the country to be in with a chance of attaining it?

Supermarket giant Tesco has announced a major green electricity project, including the installation of solar panels on 187 of its sites covering 335,000m2.

While a lot of uncertainty still remains with regards to renewables after Brexit, the growth of subsidy free solar, along with net zero and other targets enshrined in UK law, and the World Trade Organisations (WTO) arrangements should reassure the solar industry. But concerns over imports, skilled staff and growing costs remain.

Flexibility aggregator Limejump has signed a short-term Power Purchase Agreement (PPA) with Bluefield Solar Income Fund. Limejump will manage the power sale for four solar farms owned by Bluefield, using its Virtual Power Platform (VPP).

Gresham House has raised £41.6 million through a new share placing to fund both its existing pipeline and a new pipeline of operational and new build assets, falling short of the £58 million it originally targeted.

Gore Street Energy Storage Fund has received a £9.5 million boost for two storage projects recently awarded contracts in the DS3 flexibility market.

Energy storage investment fund Gresham House has unveiled a new share placing, the proceeds of which will allow it to “grow materially” in the UK energy storage market.

Foresight Solar Fund has announced its intention to raise funds via a new share placing in order to pay down its existing debt.