finance

Liam Stoker analyses why in the UK’s renewables sector, chancellor Philip Hammond has an industry that can survive and flourish in a post-Brexit Britain as long as he is prepared to support it in Wednesday’s Autumn Statement.

NextEnergy Solar Fund (NESF) has raised gross proceeds of more than £115 million in the first tranche of a major share issuance programme which was oversubscribed.

Large, European companies have concluded that deriving all of their energy demand from renewable sources represent a “major strategic opportunity” moving forward, according to a new report published by The Climate Group has found.

Almost £700,000 has been raised over the opening weekend of a new solar bond offer from Swindon Borough Council, which is utilising the UK’s first green energy ISA to attract investment for the construction of the council’s second locally funded solar farm.

Communities for Renewables (CfR) CIC has purchased what is claimed to be the UK’s largest community solar farm from developer Gamma Energy.

Foresight Solar Fund has confirmed it is to launch yet another fund raising drive, this time to close the purchase of 82MW of UK solar assets prior to the end of the year.

Despite regulatory ambiguities, the general consensus from industry stakeholders at this year’s Solar Energy UK | Clean Energy Live exhibition is that Africa’s solar sector is ripe for UK entrants, posing a significant opportunity that should not be missed.

PV Kits Direct has launched a turnkey project delivery service after securing a deal with a leading international investment bank, which will provide structured finance and support to the wholesaler.

Bluefield Solar Income Fund has secured a £217 million refinancing deal which its chairman John Rennocks labelled an “important milestone” for the company.

Hong Kong-based asset holder United Photovoltaics has made a splash in the secondary market, acquiring more than 80MW of operational UK solar assets.