Malaysian Utility TNB Ventures into Solar Greenfield Development in the UK
- Malaysian multinational electrical power company Tenaga Nasional Berhad (TNB) is pleased to announce that it has, via its completely owned subsidiary, Vantage RE Ltd. (Vantage RE), signed an Engineering, Procurement & Construction (EPC) agreement with BELECTRIC GmbH (BELECTRIC) for the construction as well as commissioning of 102 MW solar farms in the United Kingdom (UK).
The project likewise includes an alternative to establish 65 MW co-located Battery Energy Storage Systems (BESS), which upon development may enhance TNB's revenue streams with engagement in secondary services and the capacity market. This financial investment represents a substantial milestone for TNB as it broadens into renewable energy (RE) greenfield development in the UK.
The solar farms are expected to achieve Commercial Operation Date (COD) by Q1 2024. To be built on two sites, the farm will certainly provide steady long-term revenues under a 15-year Contract-forDifference (CfD) subsidy scheme that was awarded in July 2022. The project delivery will certainly be overseen by the Vantage RE team as well as soon as operational, it will certainly create enough clean energy to satisfy the equal annual needs of over 37,000 residences and conserve over 46,750 tonnes of CO2 compared to fossil fuel generation. Both sites likewise provide opportunities for environmental campaigns to advertise biodiversity net gains, supporting TNB's wider biodiversity program.
