rerevenues

Schroders Capital has announced that it has received approval from the UK’s Financial Conduct Authority for its second Long-Term Asset Fund (LTAF), and the first dedicated to renewable energy.

Foresight Solar Fund has seen its Q1 2023 net asset value (NAV) decrease to £757.5 million as a result of lower near-term power price forecasts.

UK income fund Bluefield Solar has announced the refinancing and extension of its £110 million loan with NatWest, increasing it to £130 million with its maturity date extended from September 2023 to December 2039.

Investment trust Downing Renewables and Infrastructure Trust has acquired a 13MWp UK solar portfolio and rooftop solar assets for £12.6 million.

The UK’s “largest” solar and battery energy storage project, Cleve Hill Solar Park, has started construction, Quinbrook Infrastructure Partners confirmed.

First Bus has announced an investment of £2.5 million in solar power across 20 sites with the installation of over 6,000 PV panels.

Energy research firm Rystad Energy has predicted the UK battery energy storage market to grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations.

British solar and battery developer Renewable Connections and its partner European Energy UK have announced the sale of two “shovel-ready” co-located solar and battery storage projects in Scotland.

The UK solar market has seen substantial growth over 2022 with Good Energy highlighting “near record levels” of installations with an increase of over 125% year-on-year to 132,000.

Macquarie Energy Leasing has launched a new rooftop solar business in Great Britain dubbed OnStream Solar.