Modo Energy raises $50 million and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
UK developer secures $718 million financing for 609 MW solar, battery portfolio
British Solar Renewables has reached financial close on a 12-project solar portfolio with three co-located battery assets. The $718 million financial package covers 536 MW of PV capacity and 146 MWh of energy storage in the United Kingdom and Australia.
Quinbrook brings largest UK solar plant online
Australian-owned developer Quinbrook Infrastructure Partners has announced that its 373 MW Cleve Hill Solar Park – the largest solar plant in the United Kingdom to date – is now exporting 100% of its capacity to the grid. Under construction, co-located energy storage is to come online later.
Quinbrook secures financial close on UK’s largest solar and storage project
Australian-owned Quinbrook Infrastructure Partners has completed financing for the Cleve Hill Solar Park in England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025.
BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell its stake in Lightsource BP just four months after completing a full takeover of the renewables developer, as a part of a new “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.
Passive solar module cooling tech linked to improved project efficiency
As solar deployment accelerates in markets where high ambient temperatures are the norm, researchers across the globe continue to experiment with new approaches to cooling PV modules. A cost-efficient solution could have a significant impact on project efficiency and panel lifespans.
Proa wins Projects prize at pv magazine Awards 2024
Forecasting efforts which brought Northern Territory projects back online impressed jurors in the highly competitive pv magazine Awards Projects category.
BP completes takeover of Lightsource business
Deal for 50.03% of Lightsource BP leaves oil and gas giant with total control of renewables developer. Lightsource BP is expected to continue trading with a standalone operating model, retaining its independent brand.
Modo Energy expands into Australian battery storage market
United Kingdom-headquartered battery analytics platform developer Modo Energy is expanding into the Australian market.
Meyer Burger cancels US solar cell plant, announces restructuring
Swiss-German PV manufacturer Meyer Burger has announced company restructuring plans, put an end to a proposed United States solar cell plant and put on hold plans for capacity expansion at an existing module production plant in the US. Existing cell production site in Germany to remain part of Meyer Burger operations.
