Magnora enters UK solar, storage market
- Norwegian programmer to start with 60MW PV and also 40MW battery plan
Magnora has actually gone into the UK solar as well as battery storage services market by purchasing the growth of a 60MW solar PV project and a 40MWh Battery Energy Storage System (BESS) project.
Along with an unrevealed local advancement companion, Magnora intends to establish the projects to a Ready-to-Build stage, at which point the projects will be unloaded.
Magnora's local advancement companion has a 10-year performance history of creating energy projects in the UK, including PV and BESS projects.
The main task over the next year is to optimize the projects from an ecological and technological viewpoint, protected preparation permissions, inexpensive grid connections and also prepare the sales process, it stated.
Magnora chief executive Erik Sneve stated: "We are really delighted to take our very first step into the appealing UK solar PV as well as battery energy storage markets, and also by that leverage on our experiences from Sweden where we effectively have developed a portfolio of development stage solar power projects via our possession in Helios Nordic Energy AB.
" We will certainly continue to check more opportunities, and also based on a successful growth in this initial step, we will think about more investments in the UK solar PV and BESS market."