According to Octopus Renewables Infrastructure Trust plc’s (ORITs) Q1 2023 financial results, lower forecast wholesale power prices across Europe were the biggest contributor to the company’s Net Asset Value (NAV) decrease.
According to the latest data from the Microgeneration Certifications Scheme (MCS) there were 50,719 MCS certified domestic solar photovoltaic (PV) installations in Q1 this year – a 114% increase from the same period in 2021.
The UK deployed 833MW of battery energy storage in 2022 helping Europe reach 4.5GW of total battery storage capacity the same year, according to data from Enact and Aurora Energy Research respectively.
Delays in the growth of Britain’s battery energy storage sector helped boost Gresham House Energy Storage Fund’s (GRID) portfolio performance, resulting in a “strong growth of earnings” in 2022.