EDF Renewables UK has entered into an optimisation agreement with investors DIF and ib vogt to optimise a co-located solar and storage project in the UK.
Located in Warley, south England, the site is expected to have 66MW of solar capacity, alongside 50MW of co-located battery storage when it comes online in 2024. The French-owned energy giant will trade, optimise and offtake renewable energy from the site, in which DIF and ib vogt invested two years ago and secured portfolio financing in 2023.
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It comes a week after panellists at Solar Media’s Solar Finance & Investment Europe (SFIE) event in London said that optimising co-located BESS was “much more complicated” than standalone projects and that “few companies could do it well” (Premium access).
EDF has also signed an agreement to offtake the physical energy produced by the solar farm over the next ten years, and will use its Powershift platform to optimise energy returns from the project, following its use at a number of other sites in the UK.
Stuart Fenner, director of wholesale market service commercial at EDF, said: “We are very pleased that we have been chosen to deliver trading, optimisation and offtake services for one of the UK’s largest co-located solar and battery sites. This unique deal exemplifies the innovation needed to address our energy challenges, which will help to secure green energy for the future and deliver on our commitment to help Britain achieve net zero.”
