ILI Group sells 50-MW Scottish battery project to Field
Batteries, CC0 licensed from Pixabay
Scotland-based clean energy developer Intelligent Land Investments Group (ILI Group) said on Monday it has sold its 50-MW Auchteraw battery storage project in the Scottish Highlands to Field.
“It is fitting that this announcement comes at the start of COP26 as energy storage projects like this are crucial in the energy transition to Net-zero,” said ILI Group chief executive Mark Wilson.
Wilson added this is the developer’s fifth battery storage deal in the past 12 months, bringing its funded projects to 250 MW. Another 750 MW are being prepared for market over this and next years.
The buyer of the Auchteraw storage project near Fort Augustus, Virmati Energy Ltd, trading as Field, is a recently launched business that aims to build the renewable infrastructure needed to reach net zero starting with battery storage. It has a pipeline of 270 MW of battery projects in exclusivity and intends to have 1.3 GW in operation by 2024, according to the announcement.
"We’re determined to keep moving fast, working with companies like ILI Group to finance, build and operate the renewable infrastructure we need to reach net zero,” said Field founder Amit Gudka.
ILI Group is developing a pipeline of 2 GW of pumped storage hydro and 1 GW of utility-scale battery storage in the UK.