finance

Atrato has confirmed the appointment of Tim Roebuck as senior commercial manager from SSE.

The Department for Business, Energy and Industrial Strategy (BEIS) has released the Chris Skidmore MP independent review into the UK’s net zero prospects which calls for a “rooftop revolution” to unlock 70GW of solar generation by 2035.

TagEnergy and Harmony Energy have confirmed construction has started on a 49MW/98MWh standalone energy storage system (BESS) situated near Abernethy, Scotland, with financial support from Santander UK.

With the payback time of rooftop solar panels now just six year, households could benefit from 19 years of “essentially free” electricity during the remainder of their lifespan, according to the Energy and Climate Intelligence Unit (ECIU).

NextEnergy Capital (NEC) has reported the second close of NextPower UK ESG (NPUK ESG) at £487 million – 97% of its £500 million target.

Global renewable company Low Carbon is set to develop a combined solar capacity of over 75MW across three sites after securing financing from NatWest, Lloyds Bank and AIB.

Solar Energy Scotland has called for the incorporation of solar photovoltaic (PV) and solar thermal systems into Scotland’s public policy agenda owing to their “significant carbon and cost benefits”.

The board of NextEnergy Solar Fund has confirmed Helen Mahy is set to be appointed as chairman with effect from August 2023.

Statkraft has signed a second hybrid power purchase and battery optimisation agreement with Warrington Borough Council.

In a bid to boost the long-duration energy storage market in the UK, the Department for Business, Energy and Industrial Strategy (BEIS) has provided over £32 million to five winners of the Longer Duration Energy Storage (LODES) competition.