23 December 2021: Latest project dubbed ‘UK’s largest’ announced by Nofar Energy
Israel’s Nofar Energy is to pursue the development of UK battery energy storage systems (BESS) in a new joint venture (JV) with investment group Interland.
The first project in this JV is to connect to the UK’s power grid using a 300 to 349MW connection, with a storage capacity of c.700MWh. This makes it the UK’s largest planned battery energy storage project, Nofar said, with estimated construction costs of £214 million (US$287.43 million).
Construction of the project, dubbed Cellarhead, is set to kick off in the first half of 2022, with plans to connect the project to the grid in the second quarter of 2024.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
The project is to have estimated annual revenues of £42 million, and an estimated annual EBITDA of £35.5 million.
To read the full version of this story visit Solar Power Portal.
22 December 2021: Macquarie’s Green Investment Group achieves financial close on first UK BESS project
Macquarie’s Green Investment Group has reached financial close on its first UK battery energy storage system (BESS).
The 40MW / 40MWh BESS is located in Maldon, Essex, in southern England and forms part of a 187MWh portfolio of seven projects acquired by GIG in June.
GIG has carried out late-stage development activities and has run a wide procurement process to deliver a competitive contractual structure for the Maldon project. EDF is to provide the route to market under a long-term contract, providing GIG assets with access to a variety of revenue streams including ancillary services such as Dynamic Containment, the Balancing Mechanism and wholesale optimisation.
To read the full version of this story visit Solar Power Portal.
22 December 2021: Nippon Koei’s 100MW of UK BESS projects readying for construction
Two UK battery energy storage systems (BESS) under development by Japanese engineering firm Nippon Koei’s Netherlands-based subsidiary have reached financial close.
The two 49.5MW BESS are located in Tollgate and Cuxton, near London, with Nippon Koei Energy Europe B.V (NKEE) leading the planning and development, delivery of the EPC and O&M, investment and operation of the systems as a one-stop business service.
The company said the two projects will be the first business scheme in which five Japanese companies will jointly invest in a large-scale storage battery business, with these being Fuyo General Lease Co., Ltd., Tess Engineering Co., Ltd., Tokyo Century Corporation, Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) and Nippon Koei Co., Ltd.
TMEIC will procure the BESS, and Nippon Koei will install the energy management system controlling the BESS. Meanwhile, one of Nippon Koei’s group companies, YUSP BV, will optimise the operation of the battery systems in the UK power market.
To read the full version of this story visit Solar Power Portal.
