Published: 20 Apr 2021, 10:36
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Image: Gresham House.
Virgin Money has agreed a new financing partnership with Gresham House Solar Distribution, providing a £18 million revolving credit facility to facilitate the growth of solar assets.
The deal is the bank s largest transaction in the renewables sector to date, and a step towards its goal to halve carbon emissions across everything it finances by 2030. Virgin Money said the flexible funding arrangement was its first major step towards 5% sustainable lending in its loan book by FY22.
Keith Wilson, head of renewables at Virgin Money, said the transaction was among the bank s most notable contracts to date in the renewable energy sector.
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Image: Solarsense.
Founder Stephen Barrett set up solar installer Solarsense in 1995, when solar PV was still in its infancy in the UK. Now, 25 years on the company has installed more than 14,000 residential, commercial and industrial renewable energy installations.
The sector in the UK and around the world has grown exponentially over that time, with the cumulative solar PV capacity installed in the UK now above 14GWp-dc, helped greatly by dramatic price drops.
Ahead of the company’s 25th anniversary,
Solar Power Portal caught up with Barrett to discuss how the sector has developed over the last quarter century, and what’s next.
Macquarie looks to sell 450MW solar assets for $300 mn
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The sale process comes at a time when solar power tariffs in the country have touched a record low of ₹1.99 per unit. Bloomberg
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Macquarie Infrastructure and Real Assets (MIRA), one of the largest foreign infrastructure investors in India, plans to sell around 450MW of solar power projects for an estimated equity value of around $300 million, said two people aware of the development.
Around 330MW of these operational solar assets were acquired from Hindustan Powerprojects Pvt. Ltd.
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After continued hearing, date set to deliberate on Pine Meadow Road solar proposal in Northfield
An early site rendering created by BlueWave Solar shows three proposed solar arrays off of Pine Meadow Road in Northfield. Screenshot
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NORTHFIELD The Planning Board met Thursday to continue its public hearing and discuss recent changes to the site plan for one of three proposed dual-use solar arrays planned for Four Star Farms’ property on Pine Meadow Road. The board also set a date, April 28, to deliberate on granting the special permit.
Jackie Firsty of the Boston-based BlueWave Solar said the project developers met with Eversource to review two options for changing an interconnection pole and the access driveway for “Array A,” the largest of the three arrays at roughly 26 acres that would be located across from the Four Star Farms main building.
Sustainable home loans through Waikato Regional Council
15 Apr, 2021 11:43 PM
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CUTTING OUT WASTE: Luke Baxter built a Whangamata house that is the Coromandel s first Homestar rated home under the New Zealand Green Building Council system.
CUTTING OUT WASTE: Luke Baxter built a Whangamata house that is the Coromandel s first Homestar rated home under the New Zealand Green Building Council system.
Bay of Plenty Times
Low interest loans to make sustainable improvements like water tank and solar power installations, clean heating, insulation, double-glazing, ventilation and septic tank upgrades are being proposed in Waikato Regional Council s long-term plan.
The impetus for including the scheme in consultation out now came from Thames-Coromandel representative Denis Tegg.