‘It should be a seller’s market’: the shifting balance of power in the renewable PPA market
The global power price agreement (PPA) market has become a buyer’s market, according to speakers at the Renewable Energy Revenues Summit.
Energy storage to reduce market risks for CfD projects as Ørsted takes FID on Hornsea 3 BESS
We hear from consultancy AFRY about how energy storage can reduce market risks for CfD-winning projects in the UK, now and in future, as Ørsted launches a BESS at a major wind farm project with a CfD.
‘UK’s largest’ solar PV power plant enters pre-examination phase
Utility-scale solar developer Photovolt Development Partners (PVDP) has confirmed that its 840MW Botley West solar PV development in Oxfordshire has entered the pre-examination phase.
RES secures asset management contract for 70MW solar-plus-storage site
Renewable energy developer RES has secured an asset management contract for a 70MW solar-plus-storage project near Bristol.
Government’s Clean Power 2030 Action Plan underestimates solar expansion
Trade association Solar Energy UK says it expects solar generation to “considerably exceed” the target set in the Clean Power 2030 Action Plan.
Solar Stewardship Initiative publishes supply traceability standard
The Solar Stewardship Initiative (SSI) has released a Supply Chain Traceability Standard for solar manufacturers.
Government’s revised planning guidance to accelerate renewables delivery
The new National Planning Policy Framework (NPPF) published by the government makes compliance with UK climate obligations easier.
Spring Budget: ‘largest ever’ Contracts for Difference budget set at over £1 billion
The 2024 Spring Budget saw the chancellor of the exchequer Jeremy Hunt reveal that the budget for the next Contracts for Difference (CfD) auction will be set at over £1 billion.
Solar to benefit from new £170 million commitment to Schroders Greencoat fund
Schroders Greencoat has received a £170 million commitment from the EAPF to bolster investment in wind, solar, bioenergy, heat pumps and hydrogen.
NatPower UK to invest £10 billion in UK BESS and solar market
NatPower UK is set to invest £10 billion in the UK battery energy storage sector to bring online over 60GWh of capacity by 2040.
