Bluefield Solar buys 80MW UK battery storage plants
- Two 40MW projects acquired from Green Hedge Energy for ₤ 4.5 m.
Bluefield Solar has actually acquired two standalone battery storage projects totalling 80MW from Green Hedge Energy UK.
The ₤ 4.5 m (EUR5.3 m) purchase represents the advancement rights, grid connection prices as well as the leasehold of land for the two projects, which are based in Derbyshire and also Worcestershire.
Both projects are fully consented as well as gain from near-term grid connections.
Construction is expected to start in 2022.
Additional updates will be supplied to shareholders eventually, Bluefield said.
Bluefield Solar chairman John Rennocks said: "We are delighted to have actually acquired these 2 considerable battery storage developments from Green Hedge, which we expect structure. Energy storage has a key role in supporting the decarbonisation of the power system in Great Britain.
" When operational, it is planned the properties will certainly have the ability to participate in a range of useful solutions to sustain the grid and to make it possible for the company to more diversify its revenue streams.
" The board and also our investment consultant continues to meticulously assess a strong pipeline of chances across both primary as well as secondary markets.".
