The lifting of political and cost-based brakes on European solar is set to awaken a sleeping giant, with subsidy-free solar projects potentially the norm all across Europe in just a few years.
HSBC UK Pensions Scheme is to invest £250 million (US$329.9 million) in UK solar and wind farms under a new agreement with renewables investor Greencoat Capital.
Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.
The UK’s suite of renewables set a new generation record in the first quarter of the year, official statistics from the Department of Business, Energy and Industrial Strategy show.
