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Octopus Renewables targets £100m with new share offer

High power prices drive £22m uplift in Octopus Renewables Infrastructure Trusts NAV in Q4

Published: 7 Feb 2022, 12:26 ORIT has 123MW of solar capacity in the UK, along with 50MW of wind. Image: Octopus Renewables. High power prices in the UK and Europe have pushed up the net asset value (NAV) of Octopus Renewables Infrastructure Trust’s (ORIT) portfolio, hitting £577.7 million or 102.26 pence per ordinary share at […]

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Glasgow Airport unveils plans for largest Scottish airport solar farm

Glasgow Airport unveils plans for largest Scottish airport solar farm

Published: 4 Feb 2022, 11:28 The solar farm will generate enough power for the airport campus and neighbouring businesses. Image: AGS. A c.15MW solar farm is to be developed for Glasgow Airport, with the intention of it being operational by summer 2023. The 30-acre onsite ground-mounted solar farm is in the early stages of development

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Treasury reluctant to reduce VAT on green products including solar

Solar Energy UK calls for long-term structural reforms in response to price cap

Chancellor Rishi Sunak unveiled the new measures to support households amidst the price rises in parliament. Image: Eric Hossinger. Solar Energy UK has called for long-term structural reforms to accelerate the growth of renewables in response to the increase in the energy price cap. Ofgem yesterday (3 February) unveiled a 54% increase in the energy

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SSE and the University of Surrey to develop solar farm as part of new partnership

SSE and the University of Surrey to develop solar farm as part of new partnership

Published: 3 Feb 2022, 17:06 The new solar farm will increase the percentage of on-site generation to 20%. Image: the University of Surrey. The University of Surrey has teamed up with SSE Energy Solutions to develop a new 5MWp on-site solar facility. The array will boost the university’s percentage of power derived from on-site generation to 20%, helping

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Triple Point Energy Efficiency Infrastructure Company secures £108m battery storage pipeline

Triple Point Energy Efficiency Infrastructure Company secures £108m battery storage pipeline

Published: 2 Feb 2022, 10:17 TEEC said that grid scale BESS provide “one of the most effective and proven solutions to the issue of loss of electricity in transmission”. Image: Getty Investment firm Triple Point Energy Efficiency Infrastructure Company (TEEC) has secured a £108 million pipeline of UK battery energy storage systems (BESS). The company

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Octopus Energy increases export tariffs by 36% for solar power customers

Octopus Energy increases export tariffs by 36% for solar power customers

Along with the increase to Octopus’ export tariffs, those using its Agile tariff have seen export rates as high as £1.28/kWh. Image: Octopus Energy Octopus Energy has increased its export tariffs by 36%, as energy prices in the UK remain at record highs. As such, its Smart Export Guarantee (SEG) (export only customers) tariff has

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RES submits application of 100MW Spennymoor battery energy storage project

RES submits application of 100MW Spennymoor battery energy storage project

Published: 1 Feb 2022, 10:24 The battery energy storage project site sits adjacent to the Spennymoor substation in County Durham. Image: RES. Renewable asset developer RES has submitted a planning application for a 99.9MW battery energy storage project in County Durham. The Spennymoor site forms part of the company’s portfolio of over 700MW of energy

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Government unveils allocation of full £500m Local Authority Delivery of Green Homes Grant

Solar PV hits 50% of installations in Green Homes Grant’s second local authority phase

Published: 31 Jan 2022, 12:07 Solar PV installed under Phase One now represents 16% of all installations. Image: Maria Godfrida (Pixabay). As of the end of November 2021, there were 472 solar PV installations under Phase Two of the Local Authority Delivery of the Green Homes Grant. This represents 50% of all measures installed under the

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Bluefield NAV remains strong at £476.7m through H2 2020

Bluefield acquires development rights for 20MW battery storage site

Published: 31 Jan 2022, 10:24 Bluefield Solar recently acquired a 47.5MW wind and solar portfolio from Good Energy. Image: Bluefield Solar Bluefield Solar has acquired the development rights for its first standalone battery energy storage system (BESS). The acquisition represents development rights, grid connection costs and the leasehold of land of the 20MW ready-to-build project

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