Published: 28 Sep 2021, 12:50 By: Image: Andreas Gücklhorn (Unsplash). For the first time since 2016, solar projects are eligible for support in the upcoming Contracts for Difference (CfD) auction. With auction round four (AR4) set for the 13 December, solar developers are eying the potential of the £10 million carved out for Pot One […]

ORIT currently has eight solar assets in operation around the UK. Image: Octopus Renewables. Octopus Renewables Infrastructure Trust (ORIT) saw its gross asset value (GAV) continue to grow, as it looks optimistically towards future renewables growth post-pandemic. In the company’s H1 2021 financial results, it detailed how its GAV has grown to £447 million, a

Published: 24 Sep 2021, 10:15 The Stourton Park and Ride site will help reduce congestion and pollution in Leeds. Image: Lisa Childs/Thrive. The UK’s first solar-power Park and Ride has opened in Leeds according to West Yorkshire Combined Authority, with a capacity of 1.136MWp. Subcontractor Evo Energy installed the solar panels, which together with a battery

Sunamp’s chief executive, Andrew Bissell (pictured), said there is “enormous potential” for the company’s products. Image: Sunamp Thermal energy storage firm Sunamp has received a £6 million convertible loan note investment from the Scottish National Investment Bank. This funding will be used to increase its sales in the UK, scale up production – with the

Published: 22 Sep 2021, 17:07 The PPA includes 20MW of solar installed across 56 acres along with two wind turbines. Image: GSK. Pharma giant GlaxoSmithKline (GSK) is targeting a 20MW solar project to help power its manufacturing facility in Irvine, Scotland. This comes as part of a wider £50 million investment in renewable generation for its

Published: 22 Sep 2021, 16:43 Renewco’s chair Gary Le Sueur and CEO Gavin McCallum. Image: Renewco Power. A new renewables firm with the backing of SSE has been launched with a focus on the roll-out of large-scale solar and wind farms across the UK and Europe. Edinburgh-based Renewco Power is targeting the development of more

Published: 22 Sep 2021, 12:13 The 99.8MW BESS forms part of a 1.1GW portfolio. Image: Pacific Green Technologies Pacific Green Technologies is to finance the construction of its 99.8MW battery energy storage system with £23 million of debt financing. This is being provided from UK merchant banking group Close Leasing Limited, with the financing expected

Published: 21 Sep 2021, 10:49 By: The cost of shipping modules has soared in recent months, caused largely by a shortage of containers. Image: Luke Price/Flickr All signs point to growing solar installations this year, with up to 191GW expected to be deployed, but reaching that figure won’t be without its challenges as procurement remains

Gore Street now has a portfolio of 577MW of operating or under construction projects in the UK and Ireland, including Lower Road (pictured). Image: Gore Street. Gore Street Energy Storage Fund has acquired a 57MW construction-ready energy storage project in Leicester. All land rights, grid connections and planning consents have been secured for the project,

Gresham House’s Glassenbury battery energy storage asset. Image: Gresham House Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020. This was largely driven by attractive frequency response services, representing 88.5% of the total,