finance

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.

Battery energy storage system (BESS) developer Field has received a £200 million investment from DIF Capital Partners, which will support Field’s development of its 4.5GWh pipeline of grid-scale BESS projects across the UK and Western Europe.

Octopus Energy has partnered with housebuilder Verto to roll out a “world first” Zero Bills agreement for housing developers with solar at its core.

Eku Energy and NHOA have announced plans to build two battery energy storage system (BESS) projects, totalling 130MWh, in Essex and Buckinghamshire.

Renewable energy company Statkraft has signed seven-year power purchase agreement (PPA) contracts with Infinis covering two UK solar farms.

Gore Street Energy Storage Fund’s global portfolio has increased to over 1GW as its net asset value (NAV) surged by 47.8% to £556.3 million.

Qcells and RenEnergy are helping to turn 4,000 m2 of disused space at Cranfield University into an energy saving hub with funding from the Public Sector Decarbonisation Scheme.

Consultant NTT DATA UK&I has released new data signalling that 73% of all new solar power added to the grid in 2022 were from household installations.