Pacific Green to get 249MW battery storage project in Kent
- Pacific Green Energy Storage is to get a 249MW battery energy storage advancement in Kent.
It has validated its intent to acquire the battery energy storage system (BESS) from Sheaf Energy, as part of its exclusivity arrangement with TUPA Energy.
This framework arrangement was revealed in March, as well as will see the Pacific Green Technologies subsidiary establish 1.1 GW of BESS in the UK, sourced by TUPA.
The very first purchase within this framework was the 99.8 MW Richborough Energy Park BESS advancement, which was likewise announced in March. In September, Pacific Green Energy Storage revealed it is to fund the construction of the project with ₤ 23 countless debt funding provided by UK merchant banking team Close Leasing. This is expected to reach financial close in Q4 2021.
Along with TUPA, Pacific Green Energy Storage is seeking to remain to build on these preliminary advancement acquisitions, with the equilibrium of the 750MW within their pipe expected to be operational in 2025.
Pacific Green Energy Storage included that it will continue to combine thorough knowledge of the UK storage market as well as the technological knowledge of its wholly-owned BESS layout as well as combination arm, Pacific Green Innoergy Technologies, with Shanghai Electric Gotion New Energy Technology Co.'s cutting edge 10GWh per annum battery production capability, to "supply high-grade growths at an industry-leading scale".