investment

Zenobē secures £235 million to develop two battery energy storage projects in Scotland. The agreement also includes a £400 million accordion facility that will be used to debt finance expansions as well as future projects.

Solar could benefit from a new arrangement which has seen OVO Energy join Community Energy England as a principal supporter.

Power station closures in Fife and East Lothian, combined with rising interest in cheap, renewable energy has seen demand for solar PV soar in Scotland, property consultancy Galbraith has said.

Independent power producer Conrad Energy has secured planning permission for a 15MW battery energy storage system (BESS) in Somerset.

SSE Energy Solutions is to help fund PhD research into the performance of renewable technologies in the business sector at the University Of Glasgow.

Copenhagen Infrastructure Partners (CIP) and Amberside Energy have partnered to develop a 2GW portfolio consisting of solar and battery energy storage system (BESS) projects across the UK.

The UK’s newly introduced Electricity Generator Levy has seen Octopus Renewables’ net asset value (NAV) on its renewable portfolio decrease by £10.6 million as of 31 December 2023.

Strategic Power Projects’ (SPP) managing director Paul Carson has said that Ireland is “now beginning to move in the right direction” upon receiving planning approval for a 125MW solar and 285MW battery energy storage (BESS) co-located site in Movallet, Co.Louth.

Renewable development company Fotowatio Renewable Ventures (FRV) has completed the financial close of a UK-based battery energy storage system (BESS) portfolio with a combined capacity of 133MW/266MWh.

TagEnergy has confirmed it has reached financial close on its fourth UK battery energy storage facility with a capacity of 49.9MW/100MWh in Fife, Scotland.