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.
UK-headquartered multicrystalline solar wafer producer PV Crystalox Solar has confirmed plans to completely close its multicrystalline ingot/brick production facilities in Oxford, UK.
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.
The UK’s continued membership of the internal energy market (IEM) is crucial to further and more efficient integration of renewable energy throughout Europe, a trade body has warned.
UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.