investment

Renewables Connections’ 18.75MW Codrington Solar Farm has been granted consent by South Gloucestershire Council.

Portsmouth International Port has completed a solar-battery co-location project meaning solar now provides 35% of the site’s electricity.

Foresight Solar Fund has announced that higher-than-expected irradiation in the UK for the six months to June led to an overperformance of 2.8%.

Trade body Solar Energy UK has welcomed the report by Electricity Grid Commissioner Nick Winser recommending ways to accelerate grid infrastructure build time.

To bolster the UK’s renewable generation capacity, the UK Government has today (3 August) unveiled a £22 million increase in funding for the Contracts for Difference (CfD) scheme, which will include solar.

Octopus Renewables Infrastructure Trust (ORIT) will invest up to £2 million to set up and fund a new solar and battery storage development business.

Community Energy Together (CET), a new collaboration between five community energy groups in England and Wales, has launched share offers to fund the transfer of seven operational solar farms into community ownership.

Electricity Storage Network (ESN) has released an open letter to National Grid ESO highlighting concerns over the Balancing Mechanism (BM) which has seen an average skip rate of 80% for batteries between November 2022 and May 2023.

Irish solar independent power producer (IPP) Power Capital Renewable Energy (PCRE) has received €125 million (£107 million) in funding to construct 230MW of solar assets.

Battery energy storage system (BESS) developer Field has received a £200 million investment from DIF Capital Partners, which will support Field’s development of its 4.5GWh pipeline of grid-scale BESS projects across the UK and Western Europe.