finance

Clearstone Energy is seeking planning consent for a new 400MW / 800MWh Battery Energy Storage System (BESS) project in Devon.

Last week, Solar Power Portal’s sister publication Current± released a blog discussing how battery energy storage could mitigate the cost of grid infrastructure, off the back of Nick Winser’s, the UK electricity networks commissioner, landmark report.

Sustainable technology provider UPOWA has renewed its supply agreement with Bargate Homes to install solar PV on its residential developments for the next three years.

BayWa r.e. UK has signed a series of long-term portfolio agreements with Schroders Greencoat to manage 265MWp of solar assets

Community energy groups have welcomed a new £10 million local energy fund announced by the Department for Energy Security and Net Zero (DESNZ), but say it’s not enough.

Foresight Solar Fund has announced that higher-than-expected irradiation in the UK for the six months to June led to an overperformance of 2.8%.

Octopus Renewables Infrastructure Trust (ORIT) has confirmed that its Q2 net asset value (NAV) has decreased by £0.3 million due to a drop in forecast wholesale power prices.

Community Energy Together (CET), a new collaboration between five community energy groups in England and Wales, has launched share offers to fund the transfer of seven operational solar farms into community ownership.

Electricity Storage Network (ESN) has released an open letter to National Grid ESO highlighting concerns over the Balancing Mechanism (BM) which has seen an average skip rate of 80% for batteries between November 2022 and May 2023.

The UK government is currently discussing plans to reform the Nationally Significant Infrastructure Project (NSIP) process to enable faster consenting.