Published: 2 Mar 2021, 11:12
By:
Image: Bluefield.
Bluefield Solar Income Fund has posted strong results for the six months ending 31 December 2020, with net asset value (NAV) growing to £476.7 million.
This marked a £43.2 million jump from the first half of last year, with new project acquisitions, an oversubscribed share placing and the beginning of a broader focus on renewable expansion key highlights of the period.
With NAV up, NAV per share grew to 117.12p from 117.01p and the company’s dividend target for FY21 grew to 8.00p per share.
Compared with the six months to 31 December 2019, underlying earnings were down slightly to £18.7 million from £20.7 million. This was driven by lower generation – which was down by 6% – and lower power purchase agreement pricing – which was down by 8%.
Kosovo to host 150 MW solar park
The solar plant is planned to be built in southwestern Kosovo and to come online next year.Kosovo s grid operator KOSTT has revealed that a 150 MW solar park will be built soon, in the municipality of Gjakova, in the southwestern part of the country. The CEO of KOSTT, Mustafa Hasani, and the director of Solar Energy Group Europe sh p k, Egbert Schnuse, signed, this week, an agreement for the grid connection of the solar plant, which is planned to be connected to the 110 kV transmission network through a new 110 kV line with a length of about 6.5km, the network operator said in a statement. The .
The Biden administration stood behind Trump’s stance on solar tariffs in a Monday filing with the U.S. Court of International Trade, a move that could harm efforts to challenge those duties from the solar industry’s largest trade group.
The new administration asked the court to dismiss a complaint from some members of the solar industry arguing that an October proclamation from President Trump is unlawful. That proclamation placed tariffs on bifacial solar, which had been excluded from tariffs on imported cells and modules, and also increased the level of tariffs in their fourth and final year.
That solar industry complaint fails to set forth a plausible showing that the President’s determination involves a clear misconstruction of the governing statute, a significant procedural violation or action outside delegated authority, the filing from the U.S. Department of Justice states.
Texans were left in the cold and dark this February, following extreme cold weather that had the Texas competitive energy market unable to prevent deadly power failures. Leaving behind its historic commitment to power system independence and joining the larger U.S. grid can relieve some of the consequences of extreme weather events Texas is likely to see again, many energy analysts in and out of Texas said. We designed this system for Ozzie and Harriet weather and we now have Mad Max, said Texas energy consultant Alison Silverstein, a former Public Utility Commission of Texas (PUCT) and Federal Energy Regulatory Commission (FERC) adviser, during a Feb. 24 webinar cohosted by the Advanced Power Alliance and Conservative Texans for Energy Innovation. Texas is now reaping the bitter harvest of avoiding federal transmission regulation and state energy sector regulation.
Michael Noble Jr./San Francisco Chronicle via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
The Texas grid crisis is set to fuel demand for rooftop solar panels and batteries.
Homeowners lose faith in their utilities when the power goes out and seek resiliency, experts say.
The solar-energy company Sunrun said traffic to its website in Texas jumped 350% after the outages.
A devastating winter storm that led to widespread blackouts in Texas is fueling demand for solar panels and batteries in the Lone Star State, where electricity from the sun has been slow to catch on despite abundant sunshine.