EIG gets EDF's 49MW West Burton B battery
- EDF's 49MW West Burton B battery storage possession has actually been offered alongside its consolidated cycle gas generator (CCGT) power plant, to institutional investor EIG.
The sale was originally revealed in April, and shut yesterday (31 August). With it, EIG is developing a brand-new power distributor, dubbed West Burton Energy.
The West Burton battery property remains on the exact same site as the 1332MW CCGT, which was EDF's only gas-fired power station in the UK.
The battery storage property likewise rests on the West Burton site, as well as will aid West Burton Energy get started "on a course onward to provide options capable of sustaining a net-zero future," according to Walid Mouawad, handling director at EIG.
" With the strong development of renewable generation, we believe that battery storage space modern technology will continue to support the stability of the U.K.'s nationwide grid network. EIG is delighted to companion with this incredible team as well as to be a part of West Burton Energy's interesting next chapter."
EIG was encouraged by Cantor Fitzgerald in connection with the transaction, as well as White & Case served as legal consultant.
EDF is preparing to expand its role in the storage space industry, specifically with colocated websites. Last year it introduced a partnership with Octo Energy to determine as well as deliver 200MW of hybrid solar and also storage space projects.
