JLEN snaps up 50MW Scottish battery
- Acquisition of Gigabox South Road consists of rights to create the West Gourdie project
JLEN has acquired Gigabox South Road and also with it the advancement legal rights to create the 50MW West Gourdie power storage project in Dundee, Scotland.
The purchase will certainly see JLEN invest as much as ₤ 21.2 m over the next 12-15 months.
The West Gourdie lithium-ion battery project is completely consented as well as construction all set.
It is expected to get to energisation as well as start business operations in March 2022.
JLEN stated the acquisition is its 3rd investment into battery storage systems, adding to the two co-located batteries that the business owns as part of its run-of-river hydro portfolio.
JLEN chairman Richard Morse claimed: "We are pleased to reveal the further development of our passions in the energy storage market with our first grid-scale battery project.
" Our company believe that plants such as this, will play a vital duty in the decarbonisation agenda by offering stabilizing support to the neighborhood network and permitting higher levels of renewable generation on the network.
" This investment should use additional returns in time as it is structured to make the most of increased market volatility as periodic sustainable generation facilities play a greater part in supplying eco-friendly electrical energy to the nation."