finance

Mongoose Energy has claimed to have completed the UK’s “largest ever” community energy deal by financing a 15MW solar-plus-storage project.

The financial services arm of engineering giant Siemens will be offering no-money-down options for commercial and industrial (C&I) customers in the UK to purchase energy storage systems.

Scandinavian furniture giant IKEA has added home battery storage solutions to its line-up of clean energy products, Solar Power Portal can reveal this morning.

Lincolnshire-based solar developer Lark Energy collapsed owing more than £48.6 million, it has been revealed.

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.