The UK Government’s new report confirming solar to be the cheapest way to generate power has been described by Solar Energy UK as a “wake-up call for opponents of net zero.”
Octopus Renewables Infrastructure Trust (ORIT) has confirmed that its Q2 net asset value (NAV) has decreased by £0.3 million due to a drop in forecast wholesale power prices.
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.
Wind and solar producer EDP Renewables (EDPR) will install its first standalone battery energy storage system (BESS) project in Europe, located in Kent, UK.
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.