Each Felipe Hernández, chief innovation officer of FRV and Peter Kavanagh, CEO of Concord Power, known as the venture “an essential milestone”. David Menéndez, managing director UK and BESS CoE at FRV added that the venture was “one of many UK’s largest battery storage in operation per MWh”.
The venture builds on the joint portfolio shared by the renewable vitality improvement firm and the renewable vitality operator, which incorporates the 34MW/68MWh Contego BESS in West Sussex and the 7.5MW/15MWh Holes Bay.
The Gap Bay venture started operation in June 2020, simply as building started on the Clan Tye website. FRV closed financing for a non-contracted income mannequin for the venture with NatWest in October 2021.
Earlier this yr, Concord Power Revenue Belief, suggested by Concord Power Advisors Restricted, a wholly-owned subsidiary of Concord Power, efficiently bid six BESS initiatives within the newest T-1 Capability Market public sale for supply years 2024/25, which the corporate says will improve its income for this era to £3.2 million.
This text was taken from our sister website, Photo voltaic Energy Portal.