finance

Stuart Elmes, CEO at Viridian Solar and director at the Solar Trade Association, gives his two cents on this week’s long-awaited announcements from the government and Ofgem.

The new BlackRock and Lightsource solar initiative will target both large and small portfolios on the UK secondary market as it opens its hefty cheque book.

CCL Components has launched a commercial project finance offering to help installers overcome limits on available capital in new projects, enabling them to grow in size and capability.

Yesterday the government and Ofgem published its strategy for a modernised, smart and flexible power system, the result of its eagerly anticipated response to last year’s Smart Power Call for Evidence. Solar Power Portal picks through the document to assess how the domestic solar and storage industries may benefit.

Business secretary Greg Clark has unveiled the first phase of a £246 million investment in battery technology with the launch of the Faraday Challenge, designed to boost research and development and position the UK at the forefront of energy storage.

Foresight Group has made its second acquisition of a battery storage project, taking on the 10MW Nevendon battery from Gridserve and Aura Power.

Asset manager Cubico Sustainable Investments has announced that Stephen Riley has been named its new chief executive officer.

Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion, making it one of the largest single investments in renewable energy.

The European Commission has proposed an alternative floor price setting mechanism to replace the minimum import price’s (MIP) current linkage to Bloomberg prices.

Widespread curtailment of solar generators that had been planned for the Isle of Wight between July and October will be largely avoided following intense negotiations between SSE and a consortium of affected generators on the island.