finance

Yesterday afternoon chancellor Philip Hammond took to the despatch box to deliver the Autumn Budget. Amidst headline promises of stamp duty relief and fresh funding for driverless, electric vehicles, there were no major pledges relating to the energy market.

Battery Energy Storage Solutions (BESS) has set its sights on more storage acquisitions in the UK after raising £50 million in outside investment.

Liam Stoker looks ahead to tomorrow lunchtime to see what the UK’s solar industry might expect to see within Philip Hammond’s – and the UK’s – first Autumn Budget.

NextEnergy Solar Fund has accelerated its timeline for developing subsidy-free solar in the UK, committing to completing four such projects over the next 12 months.

EFG Hermes has heaped praise on its asset optimisation team after the 365MW former-SunEdison portfolio it acquired earlier this year performed some 25% ahead of expectation.

M&S Energy has announced the 25 winners of its third annual community energy fund, with solar and storage among the most popular technologies yet again.

Home battery storage company Moixa is to expand its GridShare aggregation platform to include third party units for the first time after securing over £250,000 from the UK government.

Liam Stoker draws parallels between the UK’s comparatively meagre solar growth forecasts, Brexit, and “talking Britain down”.

Hive Energy has confirmed it is the developer behind ambitious plans for a huge solar farm on the north Kent coast which could have a final generation capacity in excess of 350MW.

Octopus Investment, non-utility UK investor, is set to expand its £484 million solar portfolio refinancing that it closed earlier this year.