solar

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

British solar thermal and solar PVT developer Naked Energy has partnered with Japan-based Rinnai to future-proof the heating needs of British buildings.

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.

A 49.9MW solar project being developed by BayWa r.e. and Grüne Energien Solar in South Gloucestershire has received planning permission.

Power prices are continuing to boost solar asset value, with Foresight Solar Fund reporting its net asset value (NAV) per share, EBITDA and consolidated revenues jumping over the first six months of 2022, but the fund said prices are unsustainably high currently.

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.