Downing Renewables & Infrastructure Trust (Dore), which in April acquired a £12.6 million, 13.0 MWp portfolio of two ground-mounted PV sites and 1,600 commercial and residential PV installations, is working to improve returns and extend the expected lifetime of its…
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HS1 planning renewables CPPAs for its power needs
by New Power •
Train operator High Speed 1 is planning to use sleeved trades from renewables corporate power purchase agreements for the majority of its baseload power. The company is now procuring an electricity supply contract for the five years from 1 April…
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Cambridgeshire waste company plans ‘urgent’ solar/storage project for EV fleet to bypass grid limits
by New Power •
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…