financing

Battery storage firm Zenobe has announced it is to start construction on its 100MW/107MWh battery at Capenhurst, near Chester.

JLEN is to fund new battery storage and biogas investments with the proceeds of a new oversubscribed £56.9 million placement.

Gresham House Energy Storage Fund has unveiled an 802MW pipeline, with 275MW of this currently funded and due to start construction shortly.

A potential 80MW acquisition – plus Gore Street Energy Storage Fund’s 1.3GW development pipeline – is to be funded by the net proceeds of the company’s latest £135 million fundraise.

Social and Sustainable Capital (SASC) is creating a dedicated renewables investment committee in a bid to expand its work in community renewables.

Triodos Bank has launched an £850,000 renewable energy bond offer on its crowdfunding platform to finance the operational 5MW Ferry Farm solar site.

New statistics published by the Department for Business, Energy and Industrial Strategy (BEIS) show another significant drop in the expected costs of solar out to 2040, with figures for the expected costs of storage technologies also released.

Bluefield Solar Income Fund (BSIF) has completed the acquisition of a 64.2MWp UK solar portfolio.

Gresham House has been exploring the possibility of introducing debt finance into the company for a “considerable period of time”, with the flexibility benefits pushing it towards a private offer.

Vanadium redox flow battery company redT has officially rebranded to Invinity Energy Systems following its merger with Avalon, the change now approved by shareholders.