Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMay 4 (Renewables Now) - UK renewables and energy storage company Penso Power and Luminous Energy have won planning permission for a battery energy storage project in the West Midlands of England with a connection capacity of 350 MW.
The approved design of the scheme will enable the deployment of more than 1,750 MWh of storage capacity, Penso Power said on Wednesday.
The project will be realised by a tie-up of Penso Power, Luminous and BW Group as it is part of a large pipeline of Penso Power projects that previously secured a funding commitment from the maritime company. The three firms will be joint shareholders in the development.
The so-called Hams Hall battery is planned to be located east of Birmingham, in North Warwickshire. It will provide services supporting the UK power grid and enhance its resilience. Among these will be “potentially longer duration services, with scope for more than five hours duration.” Penso Power said it will oversee the capacity installation process and will manage the facility after it goes online.
In the autumn of 2021, BW Group committed to fully fund the build-out of Penso Power’s pipeline of over 3 GWh of large-scale battery storage projects in the UK.
Weekly renewables M&A round-up (May 23-27)
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May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST