energy market

National Grid ESO is aiming to tackle connection management via a newly announced initiative, a potentially vital measure for future solar and storage projects.

Luminous Energy has confirmed it has hired Guy Lavarack as chief investment officer (CIO).

Housing association-run solar installer Raven Renewables has agreed a deal with property investment, development and sourcing professionals Property Experts to integrate solar panels on a three-storey building.

JBM Solar has received the green light to develop a 49.9MW solar farm, co-located with battery storage, at Hinckley and Bosworth.

EDF Renewables has confirmed it has launched the first phase of community consultation for a renewable project near Neath Port Talbot with an anticipated capacity of 100MW.

Jersey Electricity has confirmed it will develop a ground-mounted solar PV farm near Sorel Point, Jersey, which includes an approximate 3MWp array.

Downing Renewables & Infrastructure Trust (DORE), who entered the solar market in 2021, has unveiled a net asset value (NAV) total return of 14.1% for a six-month period as it boosts its renewable portfolio.

“For one project, if it was the exact same scheme, supplier prices and everything, had we signed a deal in February 2022, just on the exchange rate alone, it would’ve been £2 million cheaper,” said Patrick Doyle, head of energy business development at Bouygues.

“Current energy support systems are centred around power generation. If you are a power generation company on these support mechanisms, why would you think about doing energy storage?” said Mark Sommerfield, director of policy at REA.

The United Kingdom Warehousing Association (UKWA) has emphasised the need to scale solar generation capacity on warehouse roofs in order to tackle the ongoing energy crisis.