funding

Penso Power has signed a new agreement with global maritime group BW Group that will see the build-out of the former’s UK battery storage pipeline fully funded.

EDP Renewables (EDPR) is aiming to cement its position in the UK renewables market, with plans to invest £660 million over the next five years.

Thermal energy storage firm Sunamp has received a £6 million convertible loan note investment from the Scottish National Investment Bank.

A total of £265 million has been set aside for the Contracts for Difference (CfD) scheme, the Department for Business, Energy and Industrial Strategy (BEIS) has today (13 September) revealed.

Elgin Energy expects to accelerate the deployment of a significant portion of its utility-scale solar portfolio thanks to a new financing deal with German bank Berenberg.

A new exclusive long-term partnership will see £100 million invested into new commercial & industrial (C&) rooftop solar developments in the UK.

Gresham House Energy Storage Fund (GRID) is on track to own more than 1.2GW of operational battery energy storage systems after securing a deal to acquire 425MW of projects from Gresham House Devco and expanding its exclusive pipeline by a further 427MW.

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

Community energy groups will now be eligible to access Ofgem’s Decarbonisation and Innovation Funds.

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