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the City of London Corporation. The deal is the first of its kind in the UK to be authorized directly in between a renewables producer and also regulating

a public assessment for its 49.9 MW East Stour solar farm. " EDF Renewables UK is pleased to have been provided planning approval to create a solar farm at

equity growth method. JVP2 "dramatically raises" NESF's position in the UK battery storage industry and also provides a "special chance" via both JVP1

to 304MW as the firm boosted its PV portfolio in markets such as Brazil, the UK, Portugal, Italy as well as Belgium. Of the greater than 588MW of renewables

a pipeline of investments with an overall project size of over 1.3 GW in the UK as well as internationally. This consists of a number of prospective projects

Lyon, chairman of NESF made note of the decreases in power rates seen in the UK as well as Italy as a result of the mix of the effects of COVID-19 on power

sites such as Statera's Creyke Beck Storage project, located near Hull in the UK. In forward trades, the sale or purchase of power is agreed ahead of

UK financier Gresham House Energy Storage Fund has actually completed the acquisition of the 25MW Tynemouth battery project in North Shields, Tyne as well as Wear. Tynemouth is a battery-only website with and is attached to the distribution network. It was appointed in 2018 and also produces availability-based acquired incomes from improved regularity response solutions supplied to National Grid. The deal brings the investor's functional portfolio of utility-scale batteries to 350MW. Consisted of in this is a 10MW growth of the Glassenbury portfolio project in Kent was lately finished and also is anticipated to be commissioned by 31 January. Fund chair John Leggate said: "These additions to the portfolio, as well as the boost in acquired profits from Tynemouth, are an extremely positive method to start the brand-new year." Manager Ben Guest included: "We have actually observed with wonderful rate of interest the current wholesale power rate short term spikes to above ₤ 1,000 per MWh. This has highlighted only also well the immediate demand for more energy storage space capability in the UK. " We are relocating swiftly to deploy the ₤ 120 million we raised in November right into our near-term pipe and also anticipate updating shareholders on our ongoing development."

formerly acted as CFO in different firms, with the most up to date being the UK riches planning group IWP. Svante Kumlin, chief executive of EEW, said: "I am

as part of a bigger ₤ 50 million investment in renewable generation for its UK and also United States making sites, relocating the firm in the direction of

context of the energy transition and the future of energy trading in the UK was discussed. Emeka ChUKwureh, director of energy markets

hydro portfolio, along with a further 3 standalone projects found in the UK. Foresight Solar as well as JLEN currently have a well-established

in West Lothian. This development marks a significant step forward for the UK onshore renewables sector, as the project aims to enhance energy storage

UK renewable energy firm Ethical Power Group announced that private investor Greg Skinner has acquired a 50% stake from Hive Energy. This transaction includes a GBP 15 million ($18.6 million) working capital loan aimed at supporting the company’s growth. Skinner, co-founder of Quadrature Capital, will join Ethical Power’s board. Founder and CEO Thomas Kneen retains the other half of the business, which has expanded its operations internationally since Hive's investment in 2021, now active in countries like Spain, Italy, Greece, and New Zealand.Kneen emphasized that a new partner is essential for reaching their growth ambitions, with plans to launch projects in Italy and New Zealand while expanding their UK portfolio. Skinner expressed enthusiasm for Ethical Power's mission to decarbonize the grid and aligned values regarding sustainability. Ethical Power and Hive Energy will continue collaborating on joint projects in the UK, including Hive Ethical Project Development Ltd, where Hive retains a minority stake, and will explore future international opportunities. What does Greg Skinner's investment mean for Ethical Power's growth and international expansion? Here are some additional insights into what Greg Skinner's investment means for Ethical Power's growth and international expansion: Increased Capital for Expansion: The GBP 15 million working capital loan provided by Skinner will be crucial for enabling Ethical Power to scale its operations, invest in new technologies, and accelerate project development timelines. Enhanced Strategic Direction: With Skinner joining the board, Ethical Power will benefit from his experience and networks in the financial sector, potentially leading to more robust strategic initiatives that could open up new avenues for growth. Focus on Decarbonization: Skinner’s commitment to ethical investment aligns with the company’s mission of decarbonizing energy. This shared vision could lead to more innovative project ideas that prioritize sustainability and attract like-minded investors. Expansion into New Markets: Ethical Power's plans to launch projects in Italy and New Zealand indicate a clear strategy for international growth. Skinner’s financial backing could mitigate risks associated with entering new markets. Joint Venture Potential: The continuation of collaboration with Hive Energy on joint projects in the UK may lead to the development of synergies that can be leveraged in international markets, enhancing project viability and sustainability. Capacity for Diverse Projects: The acquisition will enable Ethical Power to diversify its project portfolio. Projects can range from wind and solar to energy storage solutions, accommodating varying energy needs in different geographical regions. Increased Visibility and Credibility: Bringing in a well-respected figure like Greg Skinner may enhance Ethical Power's credibility in the renewable energy space, helping attract new partnerships, customers, and potential investors. Talent Acquisition: With increased funding and a clear growth strategy, Ethical Power may seek to attract top talent in the renewable energy sector, further enhancing its capabilities and expanding operational excellence. R&D Investments: The financial positioning may allow Ethical Power to focus on research and development, potentially leading to innovative energy solutions that set the company apart in a competitive market. Regulatory Navigation: With Skinner's guidance and experience, Ethical Power may be better equipped to navigate the regulatory landscapes of various countries, facilitating smoother entry into international markets. Long-term Sustainability Goals: A stronger financial footing can help Ethical Power pursue ambitious long-term sustainability goals, contributing to global efforts against climate change and promoting clean energy adoption worldwide. These factors collectively position Ethical Power for sustained growth and impactful international expansion, enhancing its role in the renewable energy landscape.

Far from bringing the grid down, clean energy could help save it.