uk solar

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.

“It is going to become socially unacceptable for businesses to not to have solar on their roofs in the short to medium-term,” said Shaun Beattie, sales director of BeBa Energy, at the UK Solar Summit.

“There are grounds for hope” within the introduction of a Contracts for Difference (CfD) scheme for existing renewables, according to Solar Energy UK’s CEO Chris Hewett.

MSD Ireland and state-owned Irish electric utility ESB have launched Ireland’s “largest self-generation solar project” at Ballydine, Co Tipperary.

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.

NextEnergy Solar Fund (NESF) has reiterated its commitment to expanding energy storage and solar capacity with the launch of a joint venture partnership (JVP2) with Eelpower worth £200 million.

SDCL Energy Efficiency Income Trust plc (SEEIT) has announced a new share offer as it looks to raise approximately £135 million.

Salford City Council has completed a £7.45 million scheme having successfully installed 2,562 solar panels on public buildings across the city.