finance

Big Solar Co-op has reached a key milestone by attaining its minimum investment target of £600,000 to proceed with its first solar installations.

NextEnergy Solar Fund (NESF) has provided a £60 million increase to its Revolving Credit Facility (RCF) with AIB and NatWest.

Harmony Energy will fund its pipeline of two-hour duration battery energy storage systems (BESS) projects via placing new C Shares.

Gresham House Energy Storage Fund (GRID) has seen its net asset value (NAV) increase by 53.5% to £785 million, the firm disclosed in its half year results ending 30 June 2022.

Bluefield Solar has been promoted to the London Stock Exchange’s FTSE 250 index.

NTR has completed a c.£38 million financing deal with Rabobank to support the development of two projects totalling 80MW in renewable energy generation.

Power prices are continuing to boost solar asset value, with Foresight Solar Fund reporting its net asset value (NAV) per share, EBITDA and consolidated revenues jumping over the first six months of 2022, but the fund said prices are unsustainably high currently.

Downing Renewables & Infrastructure Trust (DORE), who entered the solar market in 2021, has unveiled a net asset value (NAV) total return of 14.1% for a six-month period as it boosts its renewable portfolio.

“Current energy support systems are centred around power generation. If you are a power generation company on these support mechanisms, why would you think about doing energy storage?” said Mark Sommerfield, director of policy at REA.

Low Carbon has achieved a close on a £230 million financing facility with Lloyds Bank, NatWest and AIB as it aims to develop several renewable projects including 1GW of solar PV capacity.