RPC Acquires 57MW UK Battery Project for 2025
- Renewable Power Capital secures 57MW battery storage project in the UK, set to be operational by summer 2025. With a growing portfolio, RPC is a key player in the storage market.
Renewable Power Capital (RPC) has acquired a 57MW ready-to-build battery storage project in the UK, with construction set to start soon and the site expected to be operational by summer 2025. This marks RPC's first shovel-ready storage scheme in the UK, adding to their growing portfolio in the country.
The location of the project has not been disclosed, but RPC's CEO Kevin Devlin stated that this deal brings their UK storage pipeline to over 4.5GW, positioning them as a key player in the storage market. The acquisition follows RPC's two storage development partnerships in the UK, totaling 4.5GW of capacity, and the company sees significant growth potential in the sector. Legal and technical advisers Herbert Smith Freehills and Ricardo assisted RPC in this deal.
What is the significance of Renewable Power Capital's latest UK storage project acquisition?
- The acquisition of the 57MW ready-to-build battery storage project in the UK by Renewable Power Capital (RPC) signifies the company's entry into the UK storage market.
- This project marks RPC's first shovel-ready storage scheme in the UK, adding to their growing portfolio in the country and bringing their UK storage pipeline to over 4.5GW.
- RPC's CEO Kevin Devlin highlighted the significance of this deal, positioning RPC as a key player in the storage market and showcasing their commitment to expanding their presence in the UK.
- The location of the project has not been disclosed, but RPC's focus on storage development partnerships in the UK, totaling 4.5GW of capacity, demonstrates the company's strategic growth plans in the sector.
- Legal and technical advisers Herbert Smith Freehills and Ricardo played a key role in assisting RPC with this acquisition, emphasizing the importance of expert support in navigating complex deals in the renewable energy industry.
