investment

Renewable energy investment company Thrive Renewables has entered into a joint venture with TopCashback that they say will help fund the next phase of the UK’s net zero transition.

Fundraising efforts have raised £625 million so far, with additional funding secured from an unnamed UK defined benefit pension scheme.

Quinbrook Infrastructure Partners has raised £620 million for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.

Coventry City Council has agreed a strategic energy partnership with E.ON which could see solar explored as part of the agreement.

EDF Renewables UK has announced the purchase of commercial and industrial (C&I) solar specialist SAS Energy.

Dedicated solar and battery storage fund Foresight Solar has seen its net asset value (NAV) decrease by almost 6% to £726.6 million in H1 2023.

Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.

Battery storage company Varco Energy has partnered with GE Vernova to deliver a transmission-connected 57MW/138MWh battery energy storage system (BESS) south of Liverpool.

SSE Energy Solutions has confirmed it will develop what it states is a “major solar power project” at Teesside Airport with a potential capacity of 50MW.

Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.