finance

Sheaf Energy Park being developed in Kent, UK. Image: Pacific Green.

SSE to provide optimisation and trading services for 373.5MWh BESS

November 22, 2023
SSE Energy Solutions has signed an optimisation and trading services agreement with Pacific Green Technologies for a 249MW/373.5MWh BESS.
This comes as part of a £4.5 billion funding package. Image: Getty.

Government gives battery manufacturing a boost as part of £960 million funding package

November 20, 2023
Battery manufacturing in the UK is set to receive a boost via a new £960 million funding package from the UK government.
The report outlines that China has a "near monopoly" in certain net zero supply chains. Image: Getty.

UK risks becoming too reliant on China for solar supply chains, says RUSI

November 17, 2023
The Royal United Services Institute (RUSI) has argued that the UK could become too reliant on China for renewable supply chains such as solar.
Foresight Solar expects to bring its 50MW Sandridge BESS project online in 2024. Image: Foresight.

Foresight Solar sees further dip in NAV following year of decreases

November 16, 2023
Dedicated solar and battery storage fund Foresight Solar has seen its unaudited net asset value (NAV) decrease to £706.9 million in Q3 2023.
The company will first develop battery storage projects before transitioning to include large-scale solar. Image: Getty.

Schroders Greencoat reportedly set to acquire solar farm owner Toucan Energy

November 13, 2023
According to reports, Schroders Greencoat has emerged as the “leading contender” to acquire solar farm owner Toucan Energy.
Multiplex will be supplied with solar energy from the Northwold Solar PV Generating Station. Image: AMPYR Solar Europe.

AMPYR Solar Europe signs PPA with Multiplex

November 10, 2023
Independent solar developer AMPYR Solar Europe has signed a power purchase agreement (PPA) with Multiplex for a solar farm in Norfolk.
GettyImages-154974489_darker_cropped

Battery storage revenues increase by 22% to £4.8k/MW

November 8, 2023
Battery energy storage revenues rose by 22% from September to October to £4.8k/MW, Modo Energy has revealed.
This now means that ORIT’s NAV has decreased by £15.7 million since the start of 2023. Image: ORIT.

ORIT’s NAV sees further decrease in Q3 to £604m

November 7, 2023
Octopus Renewables Infrastructure Trust (ORIT) has posted a NAV of £604.6 million for Q3 2023, yet another decrease on the previous quarter.
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UK BESS project premiums fall by 15%

October 25, 2023
UK battery energy storage system (BESS) project premiums have fallen 15% in the last few months, a source told our sister site Energy-Storage.news.
Enviromena's Three Maids Hill site

Enviromena completes major equity raise of £65 million for UK solar PV projects

October 20, 2023
Clean energy solutions company, Enviromena has announced a £65 million equity raise supporting a portfolio target of over 500MW.

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