UK-based solar investment fund NextEnergy Capital (NEC) is to invest more than €150 million (US$210 million) in the Italian solar market after receiving backing from the UK subsidiary of insurance and investment giant Prudential.
Developers of commercial solar PV in Britain, hoping to add batteries to their offerings could find the expertise required a significant barrier to entry, the head of a solar installation and power engineering company has said.
UK developer Hive Energy has continued its international push with the announcement of new regional headquarters in Madrid – the company’s fourth overseas office to open since September 2015.
The UK’s PV industry has just been through its latest annual rush to complete utility-scale solar farm projects and connect them to the grid before the deadline closed for their accredited level of financial support.
Foresight Solar Fund has added to the woes of SunEdison, revealing that the two parties are in advanced negotiations to settle a claim over underperformance at three UK project sites.
The UK Court of Appeal has dismissed claims against the premature closure of the Renewables Obligation support scheme, bringing to an end the long-fought dispute between UK solar developers and the government.
Construction of Europe’s largest floating solar PV array is underway on London’s Queen Elizabeth II reservoir, where the installation will help Thames Water meet its target of self-generating a third of its own power by 2020.