GIG gets to monetary close on 40MW UK battery

• EDF will supply route to market under a long-lasting contract for the energy storage system in Essex

Macquarie's Green Investment Group (GIG) has gotten to monetary close on a 40MW battery storage space project in the UK.

GIG has actually accomplished late-stage growth activities as well as has run a vast procurement process to provide an affordable legal framework for the project in Maldon, Essex.

This includes EDF, which will certainly offer the route to market under a long-lasting contract.

Trina Storage Space and also G2 Energy will certainly supply the EPC and operations, specifically, and Wood will certainly give construction as well as property management.

Previously this year, GIG revealed the purchase of a portfolio of development-stage utility-scale, distribution-connected battery storage space projects in the UK from Capbal Limited.

This portfolio includes seven projects strategically situated in very stuffed locations of the UK network, including Scotland as well as south-east England.

The 40MW/40 megawatt-hour Maldon project is the initial within the portfolio to get to economic close.

EDF will certainly supply GIG possessions with accessibility to a variety of income streams consisting of secondary solutions such as Dynamic Containment, stabilizing mechanism as well as wholesale optimisation.