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.
UK solar distributor Midsummer Energy says its sales figures have doubled in the last year on the back of negotiating key supply partnerships.
Online retail giant Amazon is planning to install rooftop solar PV on at least three of its UK-based fulfilment centres, with just under 3MW of commercial rooftop solar in the pipeline.
The National Infrastructure Commission (NIC) has urged the government to take up the “golden opportunity” to go green and ditch its nuclear vision in favour of cheaper renewables.
Innogy has outlined plans to invest as much as €1.2 billion in solar and other technologies as part of a new strategy to target a top three market position in various activities.
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.