Five UK-based long duration energy projects to receive over £32 million in BEIS funding

Five UK-based long duration energy projects to receive over £32 million in BEIS funding. Image: Getty Images. In a bid to boost the long-duration energy storage market in the UK, the Department for Business, Energy and Industrial Strategy (BEIS) has provided over £32 million to five winners of the Longer Duration Energy Storage (LODES) competition. […]

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Atrato confirms windfall tax will not affect it as solar companies work to assess impact

Atrato confirms windfall tax will not affect it as solar companies work to assess impact

Published: 23 Nov 2022, 12:44 Atrato has developed a pipeline 496MW pipeline of assets. Image: Scott Webb (Unsplash). The new windfall tax on electricity generators will not impact Atrato Onsite Energy, the company has announced. Unveiled within the Autumn Statement, the Electricity Generator Levy is a 45% tax on “extraordinary returns from low-carbon UK electricity

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SSE partnership sees solar installed on schools in Monmouthshire

SSE partnership sees solar installed on schools in Monmouthshire

Published: 25 Nov 2022, 09:03 SSE has forecast that the project will save up to 1,704,443KWh over the course of a year. Image: SSE. SSE Energy Solutions has announced the end of phase one of its country-wide decarbonisation initiative in partnership with Monmouthshire County Council. There are 14 schools in the programme, including Chepstow Comprehensive,

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Farmers without solar missing out on up to £1 billion over two years, says ECIU

Around 32% of farms had a solar installation in 2021. Image: BayWa_r.e. Farmers without solar panels could miss out on up to £1 billion over the next two years, according to new research from the Energy and Climate Intelligence Unit (ECIU). Currently, 22% of farmers in England have solar, leaving many very exposed to power

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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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Solar Power

Solar PowerContents1 Solar Power1.1 The Benefits Of Solar Power1.2 The Cost Of Solar Power1.3 The History Of Solar Power1.4 How Solar Power Works1.5 Solar Power In The News1.6 Solar Power Myths Debunked1.7 FAQ’s About Solar Power1.8 Fun Facts About Solar Power1.9 In Short Harnessing the power of the sun has been a goal of humans

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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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