A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.
GRIDSERVE has completed a “game changing” hybrid solar-plus-storage farm in York, UK, claiming it to be the first in the country to boast single-axis trackers and bifacial panels.
Fotowatio Renewable Ventures, a developer of renewables with 1.9GW of projects to its name, has announced its first grid-scale battery project as it embarks on a global energy storage push.
Battery storage submissions for forthcoming Capacity Market auctions in the UK have dwindled, with demand side response emerging as the clean technology of choice.
UK energy regulator Ofgem has confirmed it will press ahead with a contentious reform of electricity network charges which stands to damage the economics of distributed generation and energy storage projects in the country.
RedT has confirmed that Avalon chief executive Larry Zulch will lead the combined entity should its proposed merger complete, with Scott McGregor set to depart at the end of the year.