finance

Emerging players in the UK’s secondary solar market may struggle as portfolios become more disparate, heaping importance on owners having sufficient teams in place.

Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth” driven largely by the country’s clean energy transition, a market analyst has said.

A panel of solar financiers has questioned whether or not debt remains the most efficient way of financing projects post-subsidy as power purchase agreements replace subsidies as the chief source of revenue.

Two years ago the government’s new feed-in tariff regime came into force, starting an immensely difficult period for the solar industry. Deployment has fallen by nearly 80%, and thousands of jobs have been lost. This is the inside track of how it happened.

Puredrive Energy has launched a power purchase agreement (PPA) offer for installations of battery energy storage facilities up to 50kWh to address the different needs of the commercial sector.

Power Capital is investigating both subsidy-backed developments and corporate off taker arrangements after securing €140 million (~£124 million) to develop a portfolio of around 145MW in Ireland.

Solar companies will have to find a strategic sweet spot in which to operate as big oil majors return to the sector, a panel of operators has concluded.

NextEnergy Solar Fund (NESF) has added a further four ground-mount solar farms to its portfolio while cutting medium- and long-term power price forecasts.

UK solar company Solarplicity has completed the sell-off of 133MW of solar in the UK, the proceeds from which will be used to fuel its ambitions as a vertically-integrated energy company.

Rockfire Capital has clinched the acquisition of Magnetar’s UK solar portfolio, propelling them towards the very top of UK Solar’s asset owner list.