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Windfall tax results in small decrease in solar asset valuation for Foresight Solar Fund

Windfall tax results in small decrease in solar asset valuation for Foresight Solar Fund

Published: 24 Nov 2022, 16:45 Windfall tax results in small decrease in solar asset valuation for Foresight Solar Fund. Image: Foresight Solar Fund. The Electricity Generator Levy is set to have a small impact on Foresight Solar Fund’s portfolio, and no impact on its UK battery portfolio whatsoever. The Autumn Statement introduced the highly controversial […]

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RPC, Eelpower launches joint venture to develop 1GW utility scale energy storage

Joint venture marks RPC’s first venture into the UK battery storage market. Image: Getty. Renewable Power Capital (RPC) is set to work with UK battery storage firm Eelpower to develop 1GW of utility scale energy storage capacity in the UK. The joint venture will acquire, build and operate utility-scale storage projects and is targetting the

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Bluefield Solar raises £150m as it eyes potential acquisition opportunities

Windfall tax prediction sees minimal impact on Bluefield Solar’s NAV

Published: 22 Nov 2022, 15:56 Predicted windfall tax to have minimal impact of Bluefield’s asset valuation. Image: Bluefield. As a result of the Autumn Statement and the introduction of the tax, Bluefield Solar Income Fund has estimated that its audited NAV would have decreased by 3 pence per ordinary share (pps). With the introduction of

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MSPs call on Scottish Government to set 4-6GW solar target by 2030

Creation of a solar target could increase confidence within the Scottish solar industry. Image: MaxPixel. Cross-party MSPs have released a letter calling on Scotland to set a target of between 4-6GW of solar power capacity, to help it achieve its full potential. The Scottish Government currently has no solar generation target in place for solar, despite

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Raven Renewables deal to provide ‘more affordable and energy efficient living’

Raven Renewables deal to provide ‘more affordable and energy efficient living’

Published: 18 Nov 2022, 12:58 Raven Renewables installing high-efficiency solar panels. Image: Raven Renewables. Housing association-run solar installer, Raven Renewables, has signed its first contract with Slough-based Sparta Homes Limited, to install solar panels at new Berkshire homes being built. The solar installation company has named itself the first organisation owned by a social landlord

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Hunt announces windfall tax on electricity generators at 45%

Hunt announces windfall tax on electricity generators at 45%

Published: 17 Nov 2022, 13:08 Chancellor Jeremy Hunt delivered the Autumn Statement to the House of Commons today (17 November). Image: Chris McAndrew (Wikimedia). Chancellor Jeremy Hunt has announced a windfall tax on electricity generators at a rate of 45%. Delivering his Autumn Statement to the House of Commons today (17 November), Hunt announced both

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Bluefield Solar listed in FTSE 250 index

Cornwall Insight: Windfall tax on renewables would be disproportional to profits

Over the past year, renewable funds peaked at 115% of their November 2021 price, before dropping back. Image: Getty. Market intelligence company Cornwall Insight has warned that extending the windfall tax to renewable energy companies such as solar power funds would be disproportionate to profits. Following rumours that chancellor Jeremy Hunt is set to expand

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Good Energy and F&S Energy to pay £800,000 in compensation for unauthorised FiT charges

FiT customers range from households that just have a few solar panels on their roofs to those with whole solar farms or multiple wind turbines. Image: Piqsels. Good Energy Limited and F&S Energy Limited are set to pay a total of £800,000 in compensation to Feed-in-Tariff (FiT) customers. This follows an investigation by Ofgem which

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Environmena to appeal decision to reject 12MW solar farm in Dorset

Environmena to appeal decision to reject 12MW solar farm in Dorset

Published: 14 Nov 2022, 18:58 The site would span 40 acres near Maiden Newton, Dorset. Image: Pxhere. Clean energy solutions company Enviromena will launch an appeal against Dorset Council’s decision to reject planning proposals for a 11.8MW solar installation spanning 40-acres at Cruxton Farm near Maiden Newton. Despite obtaining “full backing” from the local parish

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