finance

Quinbrook Infrastructure Partners has announced the close of debt financing for the Cleve Hill solar and battery storage project.

Asset investment manager AlphaReal has acquired five solar energy projects across the UK in transactions worth over £160 million.

Finnish renewables investor Korkia has announced the sale of one of its development subsidiaries’ projects to a fund managed by NextEnergy Capital, NextPower UK.

AMPYR Distributed Energy (ADE) has completed installation of a 224kW rooftop solar array at exotic mushrooms producer Smithy Mushrooms’ Lancashire HQ.

Elements Green has signed a deal with Mitie-owned G2 Energy to design and build its 360MW/720MWh battery energy storage system (BESS) in Nottinghamshire.

Developer Innova has announced signing of a 40-year power purchase agreement (PPA) for the combined 15MWp output of its Cefn and Wrexham solar farms.

Storage and batteries are the “only way” to solve the “massively complex” green grid of the future, managing director of Adaptogen Capital James Mills said on a panel at the Energy Storage Summit in London last week.

On a panel at the Energy Storage Summit in London, head of connections policy at Ofgem said grid connection reforms will ultimately mean “a clearer signal to networks about what to build”.

Renewable energy developer Aura Power has reached financial close on the Burtree Lane solar project thanks to a deal with Rabobank.

Installing solar carports in more than half a million suitable parking spaces owned by UK businesses could generate 1.57GW of solar energy.