TagEnergy reaches fin close on 49.9-MW/ 100-MWh Scottish battery project

• Renewable energy venture TagEnergy, controlled by Impala SAS and supported by major financiers Mirova as well as Omnes, has accomplished economic close on a 49.9-MW/ 100-MWh battery energy storage project in Scotland's Fife council location.

The Roaring Hill project will be applied with debt funding expanded by the UK arm of Spain's Banco Santander. TagEnergy has actually preserved a 100% ownership stake in the project, it said on Wednesday.

The recommended energy storage system will be geared up with the Tesla Megapack lithium-ion batteries. Its installation will be managed by the project's preliminary developer RES Group, with commercial operations scheduled for the first quarter of 2024.

The center will certainly provide grid stabilisation and also secondary grid services that will certainly assist balance supply and also demand.

Roaring Hill is TagEnergy's fourth battery storage space project that reaches economic close in the UK. The Portugal-based firm acquired the scheme from RES in 2021.

TagEnergy's secured UK portfolio consists 320MW/640MWh. Previously this month, the business started constructing a 49-MW/98-MWh battery system near Abernethy, Scotland, with its joint venture partner Harmony Energy.