Gresham partner with Strategic Power Projects for 1GW solar and also storage space pipeline
- Gresham House has actually partnered Irish programmer Strategic Power Projects to establish a solar as well as storage space pipeline with a combined capacity of over 1GW.
These properties are to be located across Northern Ireland as well as the Republic of Ireland, with areas protected near to significant electrical power grid facilities hubs.
The agreement will supply Gresham House with exclusivity to acquire the utility-scale solar and also battery energy storage space system (BESS) properties once fully consented. Funds under the monitoring of Gresham House are planning to possess the assets for their full functional lives.
Development activities are to be embarked on by Strategic Power Projects, with the two firms to tender for building and also functional stage services once the projects are totally consented.
Strategic Power Projects has actually lately safeguarded planning approval for a number of utility-scale solar PV and also battery power storage websites, among which it declared is to end up being the largest crossbreed project in the country when built.
Paul Carson, managing director, Strategic Power Projects claimed that the partnership with Gresham House allows the firm to construct a "powerful combination" of funding, knowledge and experience of developing the finest possessions.
"These are vital times for renewable energy in Ireland. The worrying unpredictability concerning power just serves to stress the requirement for even more renewables growth with a particular concentrate on battery energy storage space in supplying security to the grid," he said.
In January, Gresham House signed a manage Anesco for the growth of a 200MW PV pipeline, with the first of these projects - the 50MW Low Farm website - gotten by Gresham in August.