JBM closes sale of PV-battery duo

Dec 22, 2022 04:46 PM ET
  • Eastfields and also Bunker's Hill which have a consolidated solar capacity of 102MW will certainly both energise in early 2024

JBM Solar has actually finished the sale of two solar schemes in England, completing 102MW, both co-located with battery power storage systems, to Vantage RE.

The projects, Eastfields and also Bunker's Hill, have a mixed battery capacity of 65MW.

Both projects were granted Contracts for Difference (CFD) in one of the most recent Allocation Round 4 and are anticipated to connect in 2023 and also energise in very early 2024.

JBM Solar has a pipeline of over 3GW solar and 700MW co-located battery grid-secured.

Vantage RE keeps and also handles a large portfolio of renewable resource assets across the UK.

Eastfields lies in Deppers Bridge, Warwickshire, and is designed with single-axis tracking system to optimise the daily generation profile.

Bunkers Hill lies near to Incorporate Hampshire.

Across both developments, JBM Solar involved thoroughly with the neighborhood communities seeing to it their voices were listened to as well as taken into consideration.

Community funds will certainly be developed for both sites to support projects in the neighborhood communities.

Ecological campaigns for the solar ranches include the creation of wildflower meadows; tree as well as hedgerow growing; as well as the setup of beehives, leading to biodiversity web gains over of 50% across the sites, 5 times the statutory requirement.

In the recent CFD Allocation Round 4, Eastfields and Bunker's Hill were two of the eight JBM Solar created projects that were granted agreements at a strike price of ₤ 45.99 in August 2022.

Brendan O'Brien, director and also founder of JBM Solar, stated: "We are pleased to close the sale of these 2 projects, demonstrating JBM Solar's ability to provide high quality cutting-edge assets with lasting economic and sustainability benefits.

" We are additionally thrilled to contribute to Vantage RE's lasting renewable resource desires.

" At once when energy prices remain in the limelight, we're proud to see these projects supply clean inexpensive power through the Contracts for Difference scheme and also provide effectiveness to a constricted network via the DC-coupling of the co-located battery storage on site."

JBM Solar was encouraged by Jones Lang LaSalle (economic) as well as TLT (legal) on the sale of the projects.

Solar Installers, Manufacturers