investment

Octopus Renewables Infrastructure Trust (ORIT) will invest up to £2 million to set up and fund a new solar and battery storage development business.

Community Energy Together (CET), a new collaboration between five community energy groups in England and Wales, has launched share offers to fund the transfer of seven operational solar farms into community ownership.

Electricity Storage Network (ESN) has released an open letter to National Grid ESO highlighting concerns over the Balancing Mechanism (BM) which has seen an average skip rate of 80% for batteries between November 2022 and May 2023.

Irish solar independent power producer (IPP) Power Capital Renewable Energy (PCRE) has received €125 million (£107 million) in funding to construct 230MW of solar assets.

Battery energy storage system (BESS) developer Field has received a £200 million investment from DIF Capital Partners, which will support Field’s development of its 4.5GWh pipeline of grid-scale BESS projects across the UK and Western Europe.

International energy producer Voltalia has been selected to build a 108MW solar farm in Ireland by ESB and Bord na Móna.

Renewable energy company Statkraft has signed seven-year power purchase agreement (PPA) contracts with Infinis covering two UK solar farms.

Gore Street Energy Storage Fund’s global portfolio has increased to over 1GW as its net asset value (NAV) surged by 47.8% to £556.3 million.

Solar and storage developer Elgin Energy has agreed to sell a 100MW portfolio of solar PV projects to Pennon Power.

Solar Power Portal sat down with Andreas Thorsheim, CEO of the solar marketplace, Otovo, to discuss the significant role VPPs have to play in the path to a smart net zero.