RGREEN INVEST makes primary step into UK market with financial investment right into 110MW of battery storage

• French investment management business RGREEN INVEST has actually made its very first step right into the UK market, investing in four greenfield battery storage plants

These have actually an integrated ability of 110MW, as well as have actually been purchased from Arlington Energy and also funded by the INFRAGREEN IV fund, which had increased EUR670 million when it enclosed June.

" This first endeavor in the UK energy storage market strengthens our internationalisation approach," said Nicolas Rochon, founder and CEO of RGREEN INVEST.

" RGREEN INVEST's passion is to become an acknowledged European player in this market. The option of the United Kingdom is significant as the nation has actually recognized energy storage as a priority to increase its change to renewable energy sources."

National Grid has identified a minimum demand for 13GW of battery energy storage in the UK by 2030, to help with the change to net zero. According to recent research study from Solar Media's market research team, there is currently a the pipeline of over 20GW of utility-scale battery storage projects throughout 800 projects.

The four brand-new battery storage projects-- located in Chesterfield, Rochdale, Plymouth as well as East Sussex-- will certainly be had via INFRAGREEN IV's specialized IPP platform, and also will be created by Arlington Energy.

Since it was developed in 2017, Arlington Energy has actually created a portfolio of flexible energy assets, consisting of revealing in 2018 plans to develop out a 1GW portfolio of energy storage as well as gas peaker projects across the UK, after it guaranteed first financing of ₤ 200 million.

Construction will certainly be taken care of by the UK business Battery Asset Management, a special lorry developed to handle building and construction and lasting operation RGREEN INVEST's 110MW portfolio.

Talks are underway with several collectors for the assets' course to market, and a number of financial obligation service providers for financing. The sites are anticipated to be functional between Q1 2022 and also Q3 2022.

For the acquisition, RGREEN INVEST and also Battery Asset Management were sustained by Smith Brothers as EPC service provider, IDCM as economic advisor, Osborne Clarke as lawful expert-- while TLT recommended Arlington-- DNV GL as technological consultant and also Baringa as market consultant.