investment

Centrica Business Solutions will convert a decommissioned gas-fired power station in Lincolnshire into a 100MWh battery storage facility.

Bluefield Solar has been promoted to the London Stock Exchange’s FTSE 250 index.

National Grid ESO is aiming to tackle connection management via a newly announced initiative, a potentially vital measure for future solar and storage projects.

Luminous Energy has confirmed it has hired Guy Lavarack as chief investment officer (CIO).

NTR has completed a c.£38 million financing deal with Rabobank to support the development of two projects totalling 80MW in renewable energy generation.

Downing Renewables & Infrastructure Trust (DORE), who entered the solar market in 2021, has unveiled a net asset value (NAV) total return of 14.1% for a six-month period as it boosts its renewable portfolio.

“For one project, if it was the exact same scheme, supplier prices and everything, had we signed a deal in February 2022, just on the exchange rate alone, it would’ve been £2 million cheaper,” said Patrick Doyle, head of energy business development at Bouygues.

“Current energy support systems are centred around power generation. If you are a power generation company on these support mechanisms, why would you think about doing energy storage?” said Mark Sommerfield, director of policy at REA.

NextEnergy Solar Fund (NESF) has reiterated its commitment to expanding energy storage and solar capacity with the launch of a joint venture partnership (JVP2) with Eelpower worth £200 million.

Salford City Council has completed a £7.45 million scheme having successfully installed 2,562 solar panels on public buildings across the city.