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existing fossil plants throughout significant markets including Germany, the UK, Italy, France and Spain. The worldwide average levelised cost of power for

ground mounted solar PV power plants across Benelux, France, Portugal and the UK. The business has actually installed over 200MW and also has an added 300MW

Norwegian Minister of International Growth, Anne Beathe Tvinnereim. The UK's Minister for Africa, Vicky Ford, stated the US$ 16 million of investment in

operates energy retail organizations in countless jurisdictions, including the UK, Germany as well as the US, and also is a respected investor in utility-scale

which will aid support the lasting safety and security of energy materials to UK consumers, Banks stated. As part of Banks' policy of delivering tangible

trading optimization platform, Unity. Nick Heyward, Statkraft's Head of UK Storage Space-- Markets, stated: "It is a welcome development to see bigger

of new green energy generation. OEDP has actually until now invested in UK renewables designer Exagen to develop one of Britain's largest batteries and

office) as well as BBVA was encouraged by Watson Farley Williams (Madrid and UK

(PPA) to construct a 145-MW AC/180 MW DC solar park in Louisiana. The UK-based solar developer half owned by BP Plc will finance, build, own and

cost distinction to customers directly," claimed Marlon Dey, head of Research, UK and also Ireland, at Aurora Energy

joined forces to bid on solar-storage projects exceeding 1.5 GW in the UK, Greece, Italy, Spain and Romania. The joint venture Ameresco Sunel Energy

UK’s Foresight Solar Fund Ltd (LON:FSFL) has sold a 50% stake in the 99-MW Lorca portfolio of operational solar farms in Spain to a Luxembourg-based fund. The sale, worth EUR 26.9 million (USD 29.2m), is a 21% premium to the assets’ third-quarter holding value. Foresight Solar Fund will use the proceeds to reduce its variable rate revolving credit facility further. The Lorca portfolio consists of three solar farms and holds a ten-year fixed-price power purchase agreement with Statkraft AS. In the first nine months of 2023, it generated 138 GWh of electricity. Discussions are underway for the divestment of approximately 200 MW of operational assets. Alexander Ohlsson, Chair of Foresight Solar, highlighted the successful implementation of the fund’s acquisition strategy. What Selling of 50% Stake in Lorca Portfolio to Luxembourg-based Fund Means for Foresight Solar Fund? The sale of 50% stake in Lorca Portfolio will reduce the fund’s reliance on the debt market. This divestment strategy demonstrates Foresight Solar's commitment to provide shareholders with attractive returns. The proceeds from the sale will be used to reduce the fund’s variable rate revolving credit facility and free up capital for further investments. The portfolio holds a ten-year fixed-price power purchase agreement with Statkraft AS, which will help provide steady returns over the long-term. The Lorca Portfolio generated 138 GWh of electricity in the first nine months of 2023, which has made it an attractive investment for the Luxembourg-based fund. Discussions are underway for the divestment of approximately 200 MW of operational assets which could further benefit Foresight Solar Fund.

county to feature a co-located battery storage system. Bluefield is part of UK solar sector player Bluefield Group. Can Bluefield Group Build a 49.9-MW

UK home improvement retailer Wickes Group plc has acquired a 51% stake in British solar installer Solar Fast, expanding its offerings into the home energy market. Solar Fast specializes in solar panel installations, solar battery storage, EV charging, and gas boilers, completing over 3,700 solar projects in 2022-2023. The company reported revenue of GBP 33.1 million and a profit before tax of GBP 3.9 million in the fiscal year ending April 30, 2023.The deal values Solar Fast between GBP 10 million to GBP 36 million based on a multiple of seven times its EBITDA in 2024. Wickes will pay a minimum of GBP 5.1 million upon completion, with the rest to be paid in early 2025. The agreement also includes an option for Wickes to acquire the remaining stake in the business within five years. Regulatory clearance is required for the transaction to proceed. What are the financial details of Wickes Group plc's acquisition of Solar Fast? Wickes Group plc has acquired a 51% stake in Solar Fast, a British solar installer, for a deal valued between GBP 10 million to GBP 36 million. Solar Fast reported revenue of GBP 33.1 million and a profit before tax of GBP 3.9 million in the fiscal year ending April 30, 2023. The acquisition is based on a multiple of seven times Solar Fast's EBITDA in 2024. Wickes will pay a minimum of GBP 5.1 million upon completion of the deal, with the remaining amount to be paid in early 2025. The agreement includes an option for Wickes to acquire the remaining stake in Solar Fast within five years. Regulatory clearance is required for the transaction to proceed.

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