Published: 22 Feb 2023, 12:05 NextEnergy Capital secures £595 million for fund dedicated to subsidy-free solar. Image: NextEnergy Capital. Global solar investment specialist NextEnergy Capital (NEC) has confirmed the third close of the NextPower UK ESG fund at £595 million, with plans to scale its new-build solar plants across the UK. The Fund exceeded its […]

The PPA covers generation from five solar power sites that are currently under construction in the UK. Image: Vodafone. Telecommunications giant Vodafone UK has signed a second corporate solar power purchase agreement (PPA) with Mytilineos and Centrica. The deal covers generation from five sites with a total capacity of 232MW, located in Norfolk, Nottinghamshire, Staffordshire,

Published: 20 Feb 2023, 15:38 Solar project development costs increase in upwards of 50%, says Energy UK. Image: Pexels. The cost of developing solar projects has increased by up to 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said. Due to the newly introduced Electricity Generator Levy, current inflation levels

Published: 16 Feb 2023, 10:45 2022 saw MCS certified installations (163,341) marking the highest annual deployment since 2015, which saw 200,000 installations. Image: MCS. The Microgeneration Certification Scheme (MCS), has released its latest data showing that 130,596 solar photovoltaic (PV) systems were installed in UK homes last year – a 114% rise from 2021. This

Published: 17 Feb 2023, 11:42 Tesco previously signed a solar-based PPA with SDCL Energy Efficiency Income Trust (SEEIT) in 2019. Image: KNG Services. Renewable investment trust Atrato Onsite Energy has signed a solar-based power purchase agreement (PPA) with supermarket chain Tesco. Atrato, which trades under the ticker ROOF, signed a 20-year PPA with Tesco for

Construction begins following £235 million long-term debt financing facility. Image: Zenobē. Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland, following the news earlier this week of a £235 million long-term debt facility secured from five banks. The project, which will be situated between Aberdeen and Inverness, will be the first

The projects were awarded to Zenobē following an application to National Grid ESO’s Stability Pathfinder process. Image: Zenobē Energy Zenobē Energy has secured a £235 million long-term project finance debt facility structured by NatWest. The company will use the funding to develop its next two grid-scale, transmission connected battery project storage assets in Scotland with

Image: Giorgio Trovato (Unsplash). Energy supplier Good Energy is launching a new smart export product for its Feed-in-Tariff (FiT) customers. This marks an “evolution for the business”, the company said, as the scalability of smart export offers significant potential. Customers that choose to move to a smart export will receive payment for the actual amount

Power station closures also contribute to growing solar interest. Image: Andreas Gücklhorn (Unsplash). Power station closures in Fife and East Lothian, combined with rising interest in cheap, renewable energy has seen demand for solar PV soar in Scotland, property consultancy Galbraith has said. According to the organisation, solar had been lagging behind its counterpart wind

Published: 10 Feb 2023, 10:01 Trina Solar will supply at least 1GW of its next-generation solar PV modules for multiple Low Carbon projects throughout Europe. Image: Low Carbon Ltd. Trina Solar has signed a three-year framework agreement with global renewable energy company Low Carbon to supply at least 1GW of its PV modules for Low Carbon