ILI offers 50MW Scottish battery
- Abbey Group Cambridgeshire and YooGen1 acquired the project which is located in Fife
Scotland-based tidy energy programmer ILI Group has shut the sale of a 50MW grid battery to Abbey Group Cambridgeshire and YooGen1.
The battery will certainly be constructed in Fife.
ILI Group has a development pipe of 3GW of power storage space projects throughout Scotland, making up 2GW of pumped storage space hydro as well as 1GW of battery storage.
ILI Group Chief Executive Officer Mark Wilson said: "We are pleased to reveal the sale of our 50MW Battery Project in Fife to Abbey Group Cambridgeshire Ltd and also YooGen1 LLP.
" I would certainly additionally like to thank our legal team at TLT, in particular Damien Bechelli and Joanna Hamilton that pressed the sale over the line at 23:10 on Friday evening to meet our closing day."
ILI's funded battery projects amount to 100MW with an additional 450MW that will certainly prepare later this year he stated.
He said that with each other ILI's planned projects can bring over ₤ 2bn of investment as well as hundreds of jobs to Scotland, energising local labor forces and also providers in the challenging times that lie in advance.
" These projects will certainly assist boost the economic climate appearing of the pandemic as well as play a significant role in satisfying the UK's net zero targets."
Nick Sutton from Abbey Group Cambridgeshire claimed: "we have actually functioned effectively with ILI Group on numerous renewable resource projects over the past 5 years and this acquisition further raises our rapid expanding pipe of battery projects in the UK."
