finance

A review of 2024 reports from the International Renewable Energy Agency (IRENA) has shown that despite record investment and capacity growth, the world is off track to meet 2030 climate targets.

This has been a big year for the UK’s solar and storage industry, with major developments in the sector for the most part positive. We take a look at this year’s top stories to see what most moved the industry.

Renewable energy developer RES has secured an asset management contract for a 70MW solar-plus-storage project near Bristol.

Private equity firm AtmosClear Investments has acquired a fully operational 6.4MW rooftop solar portfolio.

UK energy solutions provider Ampergia has completed a solar PV installation at Leyton Orient Football Club (LOFC) in Waltham Forest, with funding from Horizon Energy Ventures.

Battery energy storage system (BESS) developer Fidra Energy has joined forces with energy storage system provider Sungrow to support the growth of Fidra’s BESS portfolio.

Good Energy will purchase excess power generated by three homes in Cornwall fitted with zero-cost solar systems under a partnership with GRYD Energy.

Triodos Energy Transition Europe Fund has expanded its joint venture (JV) with battery energy storage system (BESS) developer GridBeyond with a new multi-million investment commitment.

NextPower UK ESG has acquired its 11th utility-scale solar project, bringing its total portfolio to over 500MW.

Energy consultancy Cornwall Insight has forecast that short-to-medium duration battery storage capacity on Ireland’s single electricity market (SEM) will increase fivefold by 2030.