Banks Renewables unveils 400MWh BESS in Scotland after acquisition by Brookfield

LinkedIn
Twitter
Reddit
Facebook
Email

Developer Banks Renewables has unveiled plans for a 200MW/400MWh BESS in Scotland, the same week its parent company agreed to sell it to investor Brookfield.

Plans for the Pond Energy Park feature a 2-hour BESS located near Bathgate, a town situated between Edinburgh and Glasgow. It is hoped that the proposed BESS will be operational by 2031, should it be approved.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project is expected to have an operational lifespan of 25 years.

An image of the site location and boundary can be found below:

Image: Banks Renewables.
Image: Banks Renewables.

More immediately, Banks Renewables is preparing for the first in-person consultation events, which will occur on 12 October 2023. These will allow members of the community to give their thoughts, help shape the proposals and highlight key local priorities which could be addressed using community benefits.

Brookfield to acquire Banks Renewables

In other news, Canadian investment firm Brookfield is set to purchase Banks Renewables in a deal worth around $1 billion (£820 million), a figure reported by The Financial Times. The seller is family investment firm Banks Group.

Banks Renewables has secured planning permission for 14 wind farms with seven currently in operation across Scotland. The organisation has also been expanding is solar portfolio. In May 2023, Rotherham Metropolitan Borough Council approved a 49MW solar farm and 50MW battery storage facility in South Yorkshire.

See the full version of this article on Solar Power Portal.

Read Next

July 9, 2025
UK BESS owner Gresham House Energy Storage Fund (GRID) has entered into long-term floor agreements with Statkraft and Markel Bermuda, which will partially replace its toll with Octopus once that expires next year.
Premium
July 8, 2025
ESN Premium speaks with Sahand Karimi, co-founder and CEO of Australian AI-driven energy management company OptiGrid, on the new FPP reform.
Premium
July 8, 2025
Listing via the Hong Kong Stock Exchange is emerging as a key financing pathway for China’s energy storage players, writes Carrie Xiao.
July 8, 2025
Major Australian energy generator-retailer EnergyAustralia has sold a 50% share in its 1,400MWh Wooreen battery energy storage system (BESS) to Thailand-based energy firm Banpu Public Company.
July 8, 2025
Renewable energy developer Ampyr Australia has reached financial close on its 300MW/600MWh Wellington Stage 1 BESS in New South Wales.

Most Popular

Email Newsletter