finance

The flagship Contracts for Difference (CfD) renewable power auction published the results of its Auction Round 5 (AR5) last week, with solar projects securing almost 2GW of capacity out of a total of 3.7GW.

Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

Confirming reports made earlier this week, battery storage developer Zenobē has secured an investment of c.£600 million from investment firm KKR.

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.