finance

Foresight Solar Fund has confirmed it is to launch yet another fund raising drive, this time to close the purchase of 82MW of UK solar assets prior to the end of the year.

Despite regulatory ambiguities, the general consensus from industry stakeholders at this year’s Solar Energy UK | Clean Energy Live exhibition is that Africa’s solar sector is ripe for UK entrants, posing a significant opportunity that should not be missed.

PV Kits Direct has launched a turnkey project delivery service after securing a deal with a leading international investment bank, which will provide structured finance and support to the wholesaler.

Bluefield Solar Income Fund has secured a £217 million refinancing deal which its chairman John Rennocks labelled an “important milestone” for the company.

Hong Kong-based asset holder United Photovoltaics has made a splash in the secondary market, acquiring more than 80MW of operational UK solar assets.

Foresight Solar Fund is hoping to raise almost £30 million through a share issue in order to pursue a 200MW pipeline of UK assets.

Energy engineering group LHW Partnership is to begin offering management modelling services for renewable generators and energy storage technologies later this month.

Solar Power Portal runs through those nominated for this year’s financial innovation award.

NextEnergy Solar Fund has added a further £42 million to its acquisition firepower after closing a tap share issue programme.

Employment in the UK’s domestic solar industry has contracted by approximately one-third in the last year against a backdrop of subsidy cuts and other policy interventions, and further job losses are strongly expected.