Monthly deployment of all solar photovoltaic capacity in the United Kingdom.
BEIS 27th April 2017 read more »
The demise of a company that told crowdfunding investors it was building the “Apple of the solar world” is being investigated by the Insolvency Service. Solar Cloth Company collapsed in May last year, less than 18 months after it had secured almost £1 million from “crowd” backers, most of whom were ordinary private investors. Investigators are contacting shareholders about the circumstances surrounding Solar Cloth Company’s public fundraising and rapid decline. The business raised £967,130 from 400 investors in 2015 via Crowdcube, the crowdfunding platform. Later it transpired that Solar Cloth Company had misled them about the state of its finances and had failed to mention the chequered trading history of its founder. When it collapsed, debts of more than £600,000 to unsecured creditors were left behind. A report filed by the company’s administ rator, Gerald Irwin, of Irwin Insolvency, shows that he has been in talks with the Insolvency Service after it received complaints about Solar Cloth Company.
Times 2nd May 2017 read more »
It started with a crowdfunding startup, an investment from Prince, and the idea to help new solar companies tackle business challenges that can be hard to overcome on their own. Now, four years later, the idea has morphed into a group called Powerhouse, and notably, in a world flush with tech startups, it’s one of the only incubators out there focused on launching and growing solar companies. Powerhouse runs an accelerator and an incubator program. An accelerator typically provides a small amount of funding, free or low-cost office space, and networking opportunities with investors and customers for young companies that are still developing their first technology and business plans. Since its launch in 2013, Powerhouse has invested hundreds of thousands of dollars collectively into 15 startups, and this summer plans to welcome another few solar entrepreneurs into the program.
Guardian 30th April 2017 read more »
Renewables provided 55 percent of all new electrical capacity worldwide last year, the most ever. In some regions, solar is the cheapest source of power, and it will only get cheaper. Bloomberg New Energy Finance estimates that a watt of power from ground-mounted solar will drop a further 36 percent by 2025. Solar’s appeal isn’t just one of cost; it’s the most democratized and decentralized power source. Solar systems sometimes feature a single panel; others line hundreds of acres of desert. Homeowners can put panels on roofs, companies and schools on carports, and governments on roadway signs, and the military can use them as the basis for portable power plants.
Bloomberg 19th April 2017 read more »