There’s been a lot of talk about the end of the solar subsidy known as Feed in Tariffs (FITs). For eight years FITs were the basis on which nearly 1 million UK buildings installed solar panels. In March FITs were summarily scrapped. This, many posited, meant UK solar is sunk, right? Well, not quite. Contained with the process of ending FITs were a series of exemptions. And I’m pleased to say that Brighton Energy Coop (BEC) has secured these exemptions at thirty sites, which means we can continue building new solar and qualifying for Feed in Tariffs – until March 2020. The total capacity of our exemptions is 2.5MW.
Brighton Energy Co-op 8th April 2019 read more »
Solarcentury, one of the UK’s longest running and most prolific solar developers, could be sold in the coming months, reports today have claimed. Earlier today Sky News reported that Solarcentury had appointed investment bank Evercore to oversee an auction for the company, scheduled to start this week. It cited unnamed sources as claiming that a transaction was mooted for later this year, with the company expecting to fetch as much as £250 million. A statement provided by Solarcentury to Solar Power Portal today said that the firm regularly reviewed its “strategic options and financing arrangements” but did not discuss a potential sale specifically. “As a business, we are focused on delivering long-term growth and profitability through the conversion of our global pipeline of 5GW of development assets, in our continued mission to make a meaningful difference in the fight against climate change and make solar power mainstream.”
Solar Power Portal 8th April 2019 read more »
Sky News 8th April 2019 read more »
Solarcentury, one of the world’s biggest solar power firms, has appointed investment bank Evercore to oversee a potential sale worth as much as £250m.
City AM 8th April 2019 read more »