finance

HEIT has predicted that it can generate “attractive returns” despite the ongoing woes in GB energy storage market revenues.

According to new data sourced by CBI Economics, the UK’s net zero economy grew by 9% in 2023, with solar energy developed in deprived areas as a key contributor.

The City of York Council has approved plans for a 49.9MW Hessay solar farm being developed by Solar2, a UK independently owned specialist renewable energy developer.

Independent power producer (IPP) Econergy and Rivage Investment have agreed to £128 million (€150 million) in debt financing to progress their pipeline of European PV projects.

Clean energy provider Good Energy has announced its acquisition of solar and storage firm JPS Renewable Energy as well as its subsidiary Trust Solar Wholesale.

Gore Street Energy Storage Fund has joined other BESS investors in expressing concerns over the current challenges regarding low revenue in the GB market.

Harmony Energy Income Trust (HEIT) signaled that BESS revenues for the year ended 31 October 2023 were markedly lower year-on-year.

Gresham House Energy Storage Fund has stated that the UK market is suffering from a “weak revenue environment” due to assets not being able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability.

Zenobē Energy has secured £147 million and started construction on its 300MW/600MWh Kilmarnock South battery energy storage system (BESS).

Schroders Greencoat has revealed today that it will complete the UK’s “largest-ever solar acquisition” securing 53 sites from Toucan Energy.