Image: Scott Webb (Unsplash). Renewable energy investor Thrive Renewables has developed a new financing framework for commercial solar arrays with Olympus Power. The framework will providing funding for the solar developer to install hundreds of commercial arrays, with Olympus targeting up to £75 million of commercial solar installations. Matthew Clayton, managing director at Thrive Renewables, […]

Published: 25 Nov 2020, 11:10 Image: Hive Energy. Hive Energy has acquired a 50% share of sustainable energy generation company Ethical Power Group. This will facilitate the delivery of over 2GW of solar projects according to the solar developer, combining both companies’ significant portfolios. Tenders have already been submitted to construct over 1.2GW of assets

Image: The Phoenix Works. Solar PV, battery storage and end-to-end EV charging company The Phoenix Works has been acquired by Liberty Global. The move follows the company’s previous parent company Retig going into administration in September. Following this, energy company Tonik Energy which was also owned by the company, went bust in October. Since then,

Published: 25 Nov 2020, 12:46 Image: Triodos Bank. Triodos Bank has launched an £850,000 renewable energy bond offer on its crowdfunding platform to finance the operational 5MW Ferry Farm solar site. The farm – which was built in 2016 – is located in Selsey near Chichester and consists of 18,700 solar panels. It was initially

Published: 25 Nov 2020, 11:33 Image: Gresham House Energy Storage Fund. Gresham House Energy Storage Fund has raised £120 million to finance six new energy storage projects. These new near-term acquisitions – totalling 245MW – are part of its c.485MW new pipeline, although small amounts of the funds will go towards existing energy storage projects.

Published: 24 Nov 2020, 12:32 Image: Gore Street Energy Storage Fund A battery storage site in Northern Ireland developed by Low Carbon and Gore Street Energy Storage Fund has been energised. The lithium-ion project, located at Drumkee, County Tyrone, is being lauded as the country’s largest energy storage project and is to serve the Single

Published: 24 Nov 2020, 12:58 Image: Lightsource BP Lightsource BP has appointed Craig Love as its new global head of structured finance to lead the company’s future growth ambitions. Love previously held the role of managing director of Natwest Structured Finance, working on the bank’s investment into renewables and solar for a decade. He also

Published: 24 Nov 2020, 09:47 Image: BEIS. The Department for Business, Energy and Industrial Strategy (BEIS) has confirmed solar will be allowed to compete in next year’s Contracts for Difference (CfD) round, but specific details have yet to be revealed. In a statement and consultation response released today, BEIS has confirmed the fourth allocation round

NextEnergy Solar Fund (NESF) has outlined how it is continuing to pursue a 150MW subsidy-free portfolio as it reports high levels of generation. In its half year results to 30 September 2020, the company said that it had now achieved 64MW of operating subsidy-free solar in this portfolio, with the 8.5MW High Garett being energised in

Published: 23 Nov 2020, 16:25 Image: AceOn A virtual power plant (VPP) combining solar and battery storage has been launched by AceOn in a bid to maximise renewable usage. The Renewergy VPP system – which utilises batteries from Germany firm BMZ and inverters from Italian company Delios – has an efficiency greater than 97% with