Author: solarenergy
Industrial electrification is being held back by electricity costs in Britain, speakers at the Clean Power 2030 Summit in London said. Ben Westerman, director of policy and advocacy at Electrify Britain, said British electricity prices are “cripplingly high” compared to the rest of the G7 and most of Europe, creating a barrier to companies’ plans to decarbonize the economy. The conversation around electrification tends to focus on a selection of energy-intensive manufacturing industries such as steel, chemicals and concrete, but the “vast, vast majority of decarbonization comes from companies that are not considered energy intensive,” Westerman added. He said this…
British Solar Renewables (BSR) has raised up to £130 million in mezzanine funding from Eiffel Investment Group, a French asset manager, to support the next phase of growth of its integrated solar and storage platform.The facility, which is structured on a single lender basis, is secured by approximately 700 MW of highly contracted solar PV and co-located solar plus storage assets in the UK and Australia. It provides flexible capital to meet BSR’s investment needs throughout the project lifecycle as the company expands its pipeline beyond its existing portfolio. BSR was advised by Akereos Capital as exclusive financial advisor and…
The end of the UK’s Renewable Obligation Certificate (ROC) means solar developers will have to “actively” think about their future project revenues, including repowering their assets, speakers at the Clean Power 2030 Summit in London said today. “It’s never too early to start engaging,” says Hugh Brennan, CEO of Hive Energy, developer of Cleve Hill, Britain’s first solar NSIP. As more larger solar projects come onto the UK grid under the Contracts for Difference (CfD) programme, the competitive landscape for renewables will change, he explained. The ROC closed to new generation capacity in 2017 and was replaced by the CfD.As…
The Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) have published a preliminary report on German gross electricity consumption for the first half of 2026. The report shows that renewable energy sources accounted for 57.7% of gross electricity consumption in the first six months of the year, marking a new record. This figure is up from 55.2% in the first half of 2025 and slightly above the previous record of 57.4% in the first half of 2024. Gross electricity consumption was 262.4 TWh, compared to 260.9 TWh in the…
Britain has significant potential for behind-the-meter solar PV projects to meet the power demand of its data centres, but actually implementing projects could be “very challenging” for developers.This is the view of Sophie Browning, a senior associate at Xela Energy, a developer behind the meter solar and battery energy storage systems (BESS), who spoke at a panel discussion during this afternoon’s Clean Power 2030 Summits, hosted by Solar energy portal publisher Solar Media. Browning noted that the high interest in building renewable energy projects to supply data centers is exciting for developers, but questions are often asked about how to…
Global investment firm KKR has agreed to acquire the extensive North American operations and assets of EDF Power Solutions from French state-backed utility giant EDF Group. The transaction values the equity stake of the U.S. and Canadian subsidiaries at approximately $4.2 billion, with an additional $390 million structured as potential performance-based revenue. The acquisition represents KKR’s largest single commitment of capital to the renewable energy sector to date, funded through its global infrastructure strategy. EDF Power Solutions North America is currently one of the top ten largest owners of renewable energy capacity in the United States, backed by a nearly…
By Martin McConnell July 1, 2026 Critical Minerals Firm EVelution Energy LLC has announced the start of construction on the solar energy facility that will power its planned cobalt processing facility in Yuma County, Arizona. The project represents a $450 million investment and will provide EVelution with 28 MW of solar energy over an area of 150 hectares, company officials say. The final site will be the first U.S. commercial-scale cobalt metal and cobalt sulfate processing facility powered entirely by renewable solar energy. “Today’s groundbreaking marks another important milestone in our efforts to rebuild America’s domestic processing capacity for critical…
International renewable energy developer Greenfield has successfully secured planning permission for a 99.9 MW BESS in Shropshire, UK.Greenfield has worked with developer Renewable Power Capital (RPC) to develop the Ironbridge BESS project, which will connect to the distribution network via the former Ironbridge Power Station Substation. The substation was connected to the Ironbridge Power Stations, which were completely switched off in 2015, and demolition began in 2017 after Power Station B was decommissioned.The Ironbridge BESS will contribute to the stability and network efficiency of the UK electricity grid by providing appropriate stored energy in response to supply and demand. It…
In successive announcements, Innagreen Investments and Enviromena announced their acquisitions of solar farms in Nottinghamshire and Surrey respectively. Innagreen’s purchase of Longhedge Solar Farm in Nottinghamshire comes as the green investment company expands its presence in the UK renewable energy market. The solar farm is an approved project being developed by RES and is expected to deliver approximately 49.9 MW of clean energy once online. As agreed, RES will continue the development and construction of Longhedge Solar Farm and provide technical services once it is operational. For Innagreen, this setup will enable a smooth transition, which will benefit the site’s…
Solar-based distributed renewable energy (DRE) systems in rural India can generate electricity at a lower cost than conventional power grids, according to a new study. The report says careful planning around local demand, storage, grid conditions, financing and long-term operations is needed to realize these savings. A joint report by the International Institute for Sustainable Development (IISD) and Idam Infrastructure Advisory Pvt. Ltd., “Scaling Rural Distributed Renewable Energy in India: A Framework for Planning and Implementation,” says Village Energy Plans (VEPs), based on system modeling and field research, are essential for translating the cost benefit of DRE into reliable, scalable…