TagEnergy acquires 50-MW Scottish battery project from ILI Group

• International clean power capitalist TagEnergy claimed on Friday it has gotten a 50-MW battery energy storage space project in Scotland from local programmer Intelligent Land Investments Group (ILI Group).

The value of the purchase was kept under wraps.

The Pitkevy storage space system will be set up at an unspecified location in Scotland and is due to be attached to the grid in 2024.

TagEnergy, among whose capitalists are France's Impala SAS, Mirova and also Omnes, set foot in the UK renewable energy market last year and also presently has 20 MW/40 MWh of energy storage capacity in operation and 50 MW/100 MWh under construction. Furthermore, more than 250 MW/500 MWh of projects in the firm's profile have actually reached shovel-ready status.

"TagEnergy is pursuing its solid participation in the UK market, to connect more sustainable, competitive and also clean power to the nationwide grid and increase the power transition," said Franck Woitiez, CEO of TagEnergy.

Ili Group is developing greater than 4 GW of power storage space projects across the UK, including 2.5 GW of pumped storage hydro and 1.9 GW of battery storage space systems. According to the statement, the company is tailoring to require to the marketplace 400 MW of battery projects by the end of the year.