finance

Renewable energy enterprise TagEnergy and energy developer Balance Power have revealed their intention to build, own and operate a 30MW battery storage project in Worcester, the first of a 500MW pipeline.

UK energy storage developer Field, has secured a £100 million (US$128 million) fundraising round for expansion according to Sky News.  

The UK Solar Taskforce has established four issue-specific sub-groups to support the creation of its roadmap for 70GW of solar by 2035.

Gore Street Energy Storage Fund has confirmed that energisation for a 79.9MW asset in Milton Keynes is set to begin on 31 July.

Independent solar developer AMPYR Solar Europe has acquired a 390MWp solar PV and battery energy storage system (BESS) portfolio across the UK.

Foresight Group Holdings, a sustainability-led infrastructure and private equity investment manager, achieved a record year of profitability and Assets under Management (AUM) with eyes for further solar and battery storage expansions.

Solar will remain the energy sector’s fastest-growing sub-segment, says a Bloomberg Intelligence report, which suggests that demand could soar 30-40% in 2023.

The first meeting of the government’s Solar Taskforce was held in May, with the group aiming to lay out a pathway to achieving the government’s target of 70GW of solar by 2025 within the next year.

Renewable energy provider Good Energy has announced it has acquired solar installation business Wessex EcoEnergy in a deal worth £2.5 million.

Specialist investment firm Adaptogen Capital has confirmed that it has raised £207 million for its Adaptogen Battery Storage LP fund.