investment

The UK Government has announced a £205 million budget for the fifth Contracts for Difference (CfD) funding round, which is the first auction to run annually and the second in which solar can participate since 2015.

Research from climate charity Possible has stated in its recent polling that 58% of people intending to vote Conservative want to see more solar and onshore wind developed to tackle the energy crisis and bolster net zero targets.

Due to high irradiation, solar PV and battery storage fund Foresight Solar Fund saw its UK assets produce 8.6% above budget last year.

Solar and battery storage company Anesco has energised a 10MW solar farm in Milford Haven, Pembrokeshire, to supply Dragon liquefied natural gas (LNG) with green energy.

Gore Street Energy Storage Fund has declared its estimated unaudited net asset value (NAV) per share increased to 113.5 pence as of 31 December 2022.

SNRG has set a target to install 300MWp of rooftop-based solar and 250MW of commercial battery energy storage by 2028 using its SmartGrid technology.

The 66,000-seater 2012 Olympic stadium, which is now home to West Ham United, could soon install a solar PV membrane on its roof.

Octopus Renewables Infrastructure Trust has increased its multi-currency revolving credit facility (RCF) by £120.8 million to bolster its global renewable portfolio.

Global solar specialist NextEnergy Capital (NEC) has confirmed the third close of the NextPower UK ESG fund at £595 million, with plans to scale its new-build solar plants across the UK.

By setting a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction, the UK Government could bolster private investment within solar, RenewableUK said.