The generation arm of British energy major Octopus Energy has announced that it has acquired four new solar projects across England as part of a plan to invest £2 billion into renewable energy projects by 2030.
Gresham House, the largest owner of battery energy storage system (BESS) assets in the UK, has said it sees tolling deals like the one agreed with Octopus being possible “across the optimiser market”.
Octopus Energy has signed a two-year fixed-price tolling agreement with Gresham House Energy Storage Fund for 500MW of its battery assets, bringing the utility’s virtual power plant (VPP) portfolio to over 1.5GW.
Octopus Energy is set to enable households with an electric vehicle (EV) and solar panels to earn an additional £150 by combining the ‘Intelligent Octopus’ and ‘Outgoing Octopus’ tariffs.
Octopus Renewables Infrastructure Trust has increased its multi-currency revolving credit facility (RCF) by £120.8 million to bolster its global renewable portfolio.
Octopus Renewables Infrastructure Trust (ORIT) has announced its intention to conduct a placing of up to 70,000,000 new ordinary shares to raise around £73.9 million.
Smart Export Guarantee (SEG) tariffs have been unveiled after the legislation came into full effect yesterday (1 January 2020), with pricing ranging wildly from Social Energy’s 5.6p per kWh down to the barely-compliant 0.001p per kWh that Shell Energy is offering.