finance

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

Gresham House Energy Storage Fund has seen a 20% like-for-like growth in underlying portfolio EBITDA due to a range of projects having become, or being closer to becoming, operational during 2022.

Gore Street Energy Storage Fund has declared its estimated unaudited net asset value (NAV) per share increased to 113.5 pence as of 31 December 2022.

Construction engineering company Belectric Solar has signed a framework agreement with NextEnergy Solar Fund to add more than 150MWp in solar farm capacity to its operation and maintenance (O&M) footprint.

The 66,000-seater 2012 Olympic stadium, which is now home to West Ham United, could soon install a solar PV membrane on its roof.

Octopus Renewables Infrastructure Trust has increased its multi-currency revolving credit facility (RCF) by £120.8 million to bolster its global renewable portfolio.

NatWest and Coöperatieve Rabobank U.A. (Rabobank) have successfully coordinated an upsize to Harmony Energy Income Trust’s (HEIT) existing debt facility, facilitating an increase from £60 million with an uncommitted accordion to a total of £110 million committed debt.

By setting a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction, the UK Government could bolster private investment within solar, RenewableUK said.

Swiss-based heterojunction solar PV cell and module manufacturer Meyer Burger is set to expand into the UK market having achieved Microgeneration Certification Scheme (MCS) certification.

The cost of developing solar projects has increased in upwards of 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said.