BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables developer. New “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.
Innova signs 40-year PPA for solar projects in Wales
Two solar and storage projects in development near Wrexham, North Wales, will supply power to a nearby sewage treatment works. Construction work on both sites is due to “commence shortly,” according to the developer.
Solar buyer ‘lucky streak’ must not influence UK PPAs, warns LCP Delta
Spring 2025 power purchase agreement (PPA) negotiations should take greater account of risk, according to a new report from LCP Delta’s Power Insights service. The research firm has warned that setting strike prices too high could leave offtakers out of pocket, risking future agreements that are key to supporting solar deployment.
UK government proposes longer CfD contracts, wider commissioning window for solar PV
Consultation ahead of seventh Contracts for Difference (CfD) allocation round proposes longer contract lengths in a bid to reduce strike prices and lower cost of finance for renewables projects. A wider target commissioning window for solar projects is also proposed, in response to larger capacity plants in the pipeline.
Record start to 2025 for UK heat pumps, batteries, MCS reports
Almost 5,000 heat pump installations in January 2025 mark the strongest start to a year on record. It follows a record-breaking 2024 for UK heat pump installations. Batteries and residential solar installations are also up on January 2024 levels.
GivEnergy launches Gen 3 hybrid inverters for pairing with stackable storage
The new single phase hybrid range includes 8 kW and 10 kW models.
Construction begins on 2 GW subsea HVDC cable in the UK
The groundbreaking of the Eastern Green Link 1 project is a major milestone for transmission network upgrades in the United Kingdom and a key pillar of wider strategy to support further renewables deployment.
UK grid connection reform plan unveiled, solar association voices concern
Energy regulator Ofgem unveils plans to reform decade-long grid connection queues in Great Britain, but solar trade association Solar Energy UK warns an element of the proposal could result in regional caps for solar deployment.
Go with the flow (batteries)
There is a gap in the market for long-duration energy storage (LDES), according to US-based manufacturer ESS Inc. – one which can’t be plugged with lithium-ion chemistry. Hugh McDermott, of ESS Inc. tells pv magazine how he thinks iron flow batteries fit into the energy system of the future, as the company pursues global expansion.
A closer look at Aira’s heat pump tech
Swedish manufacturer Aira launched its heat pump in Europe in 2024. The company told pv magazine it is now developing a full home energy management system proposition to integrate heating, solar, battery energy storage and electric vehicle charging.
