The future benefits of technology such as smart meters and the associated aggregation of small scale generation are not being adequately rewarded, support for solar and wind is being cut off and parliament is fixated solely on one issue.
A bevy of lenders from Australia, Germany and the Netherlands have provided up to £272 million for 17 solar and onshore wind projects that benefit from the U.K.’s expired incentives program.
The latest acquisition means the solar energy investment company has expanded its portfolio to 869 MW across 54 installations. The company says the increased diversification of its portfolio will improve operational efficiencies.
The U.K. government has cold-shouldered PV with a row of disfavourable policies, which have put at risk the financial viability of new arrays. In the past few last years, the market has remained almost flat, with installations sitting at around 200 MW per year.
U.K. investor the Foresight Solar Fund today announced the acquisition of a portfolio of operational PV projects, following a placement of new shares in June which raised around £48.1 million.
The 10 MW Clayhill solar farm and storage facility, developed by British renewable energy developer Anesco, was officially opened by the U.K. government’s climate change minister Claire Perry.
British renewable energy developer Lightsource has entered into a £1 billion partnership with asset manager BlackRock Real Assets to create Kingfisher, which will target 1 GW of solar capacity in the U.K. Partnership will also eye storage opportunities.
The British solar developer confirms that its proposed 40 MW solar farm in Hampshire, southern England, will be commissioned by early 2018 and built without the need for any form of subsidy or support from government.
The British developer has completed PV projects totaling 130 MW in the UK. All the plants were connected in time for the 31 March 1.2 ROC deadline.
British pension investment fund purchases six 5 MW solar farms located in various sites across England, for an undisclosed sum from the Chinese solar power company.
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