finance

Schroders Capital has announced that it has received approval from the UK’s Financial Conduct Authority for its second Long-Term Asset Fund (LTAF), and the first dedicated to renewable energy.

UK income fund Bluefield Solar has announced the refinancing and extension of its £110 million loan with NatWest, increasing it to £130 million with its maturity date extended from September 2023 to December 2039.

The UK’s “largest” solar and battery energy storage project, Cleve Hill Solar Park, has started construction, Quinbrook Infrastructure Partners confirmed.

Investment company Atrato Onsite Energy has acquired a 50MW ready-to-build solar project in Richmond, North Yorkshire.

London-based company Powervault has secured £3.8 million from climate change investors to develop its battery energy storage manufacturing capabilities.

The UK Department for Energy Security and Net Zero (DESNZ) is providing £30 million in grants for three long-duration energy storage (LDES) projects using novel energy storage technologies.

Octopus Renewables Infrastructure Trust (ORIT) has achieved strong net asset value (NAV) growth across 2022 primarily due to rising inflation and high power prices.

Renewable investment trust Atrato Onsite Energy, which operates under the ticker ROOF, has confirmed it has invested £29 million into two solar projects.

Solar and battery storage company Anesco has broken ground on four solar farms totalling 110MW for Gresham House.

Due to high irradiation, solar PV and battery storage fund Foresight Solar Fund saw its UK assets produce 8.6% above budget last year.