Cero, Enso reach FID on 50MW Larks Green battery
- The BESS project schedules online by late 2024 as well as will be co-located with a solar farm in Gloucestershire
Cero Generation and Enso Power have actually reached economic close on their 50MW battery project in Gloucestershire, England.
The growth, due online by late 2024, will be co-located with the 50MW Larks Green solar farm, also collectively established by the firms, which came online previously in May.
This battery will assist the UK energy system to better match green power generation to demand, storing excess clean energy when there is an excess for usage when there is a shortage or additional need.
It will increase the site's efficiency by connecting to the transmission network utilizing the same connection factor as the solar farm, thereby enabling a better result of clean power, helping to reduce expenses for customers as well as offering a safe and also reliable power source.
The battery has been financed by Rabobank, which also financed the Larks Green solar plant.
The project has actually made it possible for the establishment of long-term partnerships with both Canadian Solar as the lead on the engineering, procurement and also building and construction (EPC) for the site, and EDF as the facility's efficiency optimiser.
As its very first battery project to reach financial close, this announcement marks a considerable landmark for Cero, which with its collaboration with Enso, has over 30 stand-alone or co-located battery projects, amounting to over 2GW within its existing 5GW UK advancement pipeline.
Cero assigned EDF to optimise the site with its trading platform offering access to a variety of income streams for this asset, including the stabilizing mechanism, wholesale optimisation and supplementary solutions.
Larks Green is the UK's initial transmission-connected solar farm.
Transmission grid connection allows clean energy to be transferred over higher ranges as well as opens up a portal for larger projects to connect to the grid.
