The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Brookfield Renewable targets UK’s energy storage boom with 985MW partnership

By Alice Grundy
LinkedIn
Twitter
Reddit
Facebook
Email
Image: Cambridge Power.

Ontario, Canada-headquartered renewable energy asset developer, owner and operator Brookfield Renewable Partners has signed a Framework Agreement with the UK’s Cambridge Power to develop a portfolio of battery storage and solar PV.

The two are to develop on an exclusive basis more than 800MW of full consented battery energy storage systems (BESS) and 185MW of co-located solar for investment over the next five years.

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

Brookfield will provide capital to construct the portfolio, while Cambridge Power will manage the construction and operation of the assets.

Projects are to commence construction this year, with energisation scheduled for 2023.

Richard Stanton, chairman of Cambridge Power said: “This partnership represents a terrific opportunity for Cambridge Power to develop and operate one of the UK’s leading BESS and solar PV portfolios.”

Brookfield Renewable, 60% owned by Brookfield Asset Management, currently has a portfolio of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia. It totals over 21,000MW of installed capacity, with an approximately 62,000MW development pipeline.

At the beginning of this month, it tripled its US development pipeline to 31GW through the US$650 million (£479 million) acquisition of clean power developer Urban Grid, taking on its pipeline which includes 13GW of utility-scale solar and 7GW of energy storage across 12 US states.

This story first appeared on Solar Power Portal.

12 November 2024
San Diego, USA
As we see more storage projects become operational, the big question is “how to maximize your assets?” This event will prepare the industry for the road ahead, looking at the core fundamentals of asset management, understanding operational challenges, along with the latest optimization and software development. You can expect to meet and network with all the key industry players from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

May 24, 2024
Developer-operator Atlantic Green has enlisted system integrator Ameresco and clean energy manufacturer Envision Energy for a 300MW/624MWh BESS project in the UK.
Premium
May 23, 2024
The Kern County, California hybrid facility will have the capability to generate up to 2GW of solar power co-located with up to 2GW of battery energy storage system (BESS) capacity, spanning approximately 12,875 acres of privately owned land.
May 23, 2024
The Gore Street Energy Storage Fund’s international diversification helped it maintain average revenues across its portfolio, which spans the Great Britain (GB), Ireland, Germany and Texas, US.
Premium
May 21, 2024
Finding developers who want long-term partnerships on projects is key when entering multiple different markets, the head of shipping and energy infrastructure firm BW Group’s energy storage development and operation arm says.
May 21, 2024
There is “no shortage of investor appetite” and policy support is in place, but there are still some barriers to energy storage deployment on the scale needed to decarbonise Australia’s energy sector.

Most Popular

Email Newsletter