U.K.-based solar asset manager Zestec, and the U.K.’s largest solar fund NextEnergy Solar Fund (NESF) have entered into a framework agreement. According to the statement made by the two companies, the agreement foresees NESF’s financial involvement in installing commercial sized solar plants across the U.K., while Zestec will implement its proprietary Power Purchase Agreement model to the projects. Accordingly, Zestec will develop and install the C&I PV systems. Landlords will then buy the electricity under a PPA from NESF, at a tariff that sits below their normal electricity import cost. Reportedly, the U.K. commercial & industrial (C&I) market is largely untapped despite promising market opportunities. It is, therefore, that the two companies are attempting to further develop this market segment.
PV Magazine 11th Feb 2019 read more »
Solar Power Portal 11th Feb 2019 read more »
Residents in Brixton in London will soon be able to trade solar energy with one another as part of new a pilot programme. Dubbed ‘CommUNITY’, it is being run by EDF Energy with Repowering London and UCL’s Energy Institute, which aims to increase customers’ renewable energy use and enable them to buy and sell electricity to neighbours. Residents at Elmore House, who choose to participate in the trial, will have access to electricity generated by a solar power system on the block’s roof that is stored in a battery and can be traded peer-to-peer using blockchain technology through an app.
Energy Live News 11th Feb 2019 read more »
24 Housing 11th Feb 2019 read more »