energy market

The UK’s newly introduced Electricity Generator Levy has seen Octopus Renewables’ net asset value (NAV) on its renewable portfolio decrease by £10.6 million as of 31 December 2023.

TagEnergy has confirmed it has reached financial close on its fourth UK battery energy storage facility with a capacity of 49.9MW/100MWh in Fife, Scotland.

Energy storage company Gravitricity has appointed Gneiss Energy to support the development of a £40 million funding drive to spearhead the creation of three demonstrator projects for its technology in the next five years.

Affinity Water has announced that it plans to construct up to 28 more solar arrays sites in Phase Two of its solar energy efficiency programme.

In the UK, a new wave of large-scale solar projects continue to emerge as the country accelerates towards net zero targets, including reaching a decarbonised power system by 2035. At the heart of these are Nationally Significant Infrastructure Projects (NSIPs).

Statkraft, one of Europe’s largest renewable power generators, has agreed a “forward trade” for a Statera Energy battery asset in what has been called an “industry first” by the companies.

Atrato has confirmed the appointment of Tim Roebuck as senior commercial manager from SSE.

Solar manufacturer Viridian Solar has signed a group deal with Legal & General Modular Homes to see buildings exclusively use clearline fusion roof integrated solar until 2025.

Scottish energy storage developer ILI Group has confirmed a sales tender for a 300MW battery energy storage (BESS) portfolio.

TagEnergy and Harmony Energy have confirmed construction has started on a 49MW/98MWh standalone energy storage system (BESS) situated near Abernethy, Scotland, with financial support from Santander UK.