Battery storage asset owner and operator Varco Energy has secured £58 million of debt financing facilities from NatWest to fund its pipeline of battery energy storage systems (BESS). Varco Energy approached NatWest to facilitate the financing required for its Native River and Sizing John BESS projects, both of which are projected to become operational in […]

Nigel Pocklington, Good Energy CEO (above). Image: Good Energy. Renewable energy company Good Energy has seen its H1 2023 revenue increase by 45.6% year-on-year (YoY) driven by higher tariffs due to high wholesale power and gas costs. These rising wholesale costs led to price rises throughout the year leaving Good Energy on £156.1 million for

Solar to be explored as part of Coventry City Council-E.ON partnership. Image: Flickr. Coventry City Council has agreed to a strategic energy partnership with E.ON which could see solar explored as part of the agreement. The partnership, which is believed to be a “first for the UK”, the companies said, will see E.ON become the

Published: 19 Sep 2023, 09:59 The 34 hectares of land on which Tolldish Hall Solar Farm is set to be built on will initially continue to be used for grazing. Image: Innova. Nuneaton and Bedworth Borough Council (NBBC) have unanimously approved planning proposals for a 25MWp solar farm north-east of Coventry. The Tolldish Hall Solar

Published: 18 Sep 2023, 12:27 The deal will see Ørsted increase its portfolio of Irish solar projects to 600MW. Image: Ørsted. Irish energy developer Terra Solar has partnered with Danish renewables firm Ørsted to develop a new 400MW portfolio of solar power projects in Ireland. While the companies did not specify where in Ireland the projects

Published: 14 Sep 2023, 11:02 Fluence is the largest battery storage system integrator in the world, while GE Vernova is part of the electronics and engineering giant GE. Image: Fluence. Varco Energy, a vehicle of Adaptogen Capital, announced it had chosen the largest battery energy storage system (BESS) provider globally, Fluence, to deliver a 57MW/137.5MWh

Published: 15 Sep 2023, 09:08 The two companies will co-develop a BESS product that will use batteries from Volvo Group’s electric buses, trucks and machines. Image: Volvo Group/Volvo Energy. Volvo Energy and Connected Energy have signed a letter of intent to co-develop a battery energy storage system (BESS) solution using batteries from Volvo Group’s electric buses, trucks and

Published: 15 Sep 2023, 09:28 The three projects will total 221MW in capacity. Image: EDF Renewables UK. Green energy company EDF Renewables UK has secured planning permission for three grid-scale battery energy storage systems (BESS) in recent weeks, with a total capacity of 221MW.. The three new grid-scale lithium-ion battery storage facilities will be located

Published: 13 Sep 2023, 12:33 Ørsted ventures into UK solar market with 740MW solar NSIP. Image: Ørsted . Danish power company Ørsted has ventured into the UK solar market via a 740MW project in Nottinghamshire. Dubbed the One Earth Solar Farm, the sheer size of the project means that it, if approved, it will be categorised

Allocating the majority of battery storage volume into frequency response markets will no longer achieve the high returns historically enjoyed, stated LCP Delta. Image: Getty. Following a 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue. According