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.
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.
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.