A waste company in Cambridgeshire aims to bypass a lack of electricity network capacity that could delay a switch to electric vehicles by developing on-site solar and battery facilities. It is seeking a developer to deliver the ‘urgent’ project by…
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Foresight to dispose of 200MW of solar PV portfolio
by New Power •
Foresight Solar has begun a divestment programme for around 200MWp of solar PV projects. Proceeds from the sale will be used to reduce debt and recycle capital into yield-accretive opportunities. Commenting on the company’s results, Alexander Ohlsson, Chairman of Foresight…
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Thrive Renewables agrees £20M debt facility for Ethical Power
by New Power •
Ethical Power has secured a £20 million debt facility from Thrive Renewables to fund its equity commitments to projects and to support project development and construction of large-scale solar and battery projects. The loan has been agreed for a six-year…
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Ørsted joins with PS Renewables for 720MW Nottinghamshire solar farm
by New Power •
Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm, with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being…
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Atrato Onsite Power acquires rooftop solar installations providing 30GWh/year of FIT revenue
by New Power •
Atrato Onsite Energy has agreed to acquire 34MW of solar PV systems situated on residential rooftops across the UK with a total value of £77.3 million. The investment company said the installations are being acquired from a fund managed by…
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Government low-carbon grants support hydrogen supply and use cases
by New Power •
The government has awarded grants totalling £46 million to 26 businesses in three government competitions: the Industrial Hydrogen Accelerator Competition, the Red Diesel Replacement Competition, and the Industrial Energy Transformation Fund. The Industrial Hydrogen Accelerator Competition resulted in two awards.…
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$2.8M USDOE funding for project that would recycle silicon from solar farms to step up EV battery efficiency
by New Power •
A US consortium is investigating recycling silicon wafers from PV panels for use in batteries for electric vehicles, claiming the recycled material can also cut battery costs, and the project has won funding of $2,825,524 from the US Department of…
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Veolia opens new solar farm on Essex landfill site
by New Power •
Veolia has begun operations at a 59MW solar array on a restored landfill area. The site at Ockendon, in Essex, has been developed with technology provider REG Power Management. This additional renewable capacity adds to Veolia’s existing solar energy facilities…
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Contracts for Difference AR5: the industry responds
by New Power •
Ben Backwell, chief executive, Global Wind Energy Council: “The UK government didn’t listen to repeated industry warnings about inflationary pressures and increased capital costs so it is no surprise that the auction has been a failure. “This is a huge…