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The UK government is aiming to reform the Nationally Significant Infrastructure Project (NSIP) process in a bid to cater for the growing demand in developing energy projects within the UK.

In its first full year since IPO, Harmony Energy Income Trust (HEIT) has seen its asset value grow by 24.84% to £257.8 million, as demand for storage assets continues in Britain.

DIF Capital Partners, together with ib vogt, has agreed to acquire a 100% interest in the largest UK co-located solar and battery portfolio from Cero Generation and Enso Energy, the companies confirmed.

Telecommunications giant Vodafone UK has signed a second corporate solar power purchase agreement (PPA) with Mytilineos and Centrica.

Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland, following a £235 million long-term debt facility secured from five banks.

Zenobē secures £235 million to develop two battery energy storage projects in Scotland. The agreement also includes a £400 million accordion facility that will be used to debt finance expansions as well as future projects.

Independent power producer Conrad Energy has secured planning permission for a 15MW battery energy storage system (BESS) in Somerset.

Across Europe, the number of power purchase agreements (PPAs) increased by 4.5% in 2022, according the European PPA Market Outlook 2023 conducted by Pexapark.

The UK saw some of the biggest increases in solar power purchase agreement (PPA) prices in Europe in Q4 2022, jumping 30%.

Renewable energy, minerals and property firm, The Banks Group, has submitted planning applications to Doncaster Metropolitan Borough Council for a “ground breaking” battery energy storage system (BESS) that is said to be able to store up to 2.8GWh of energy.