Author: Portland General Electric. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.
Plutus PowerGen plc (LON:PPG), which focuses on flexible stand-by power projects in the UK, plans to form a joint venture with London & Devonshire Trust Ltd (LDT) to develop an 85-MW energy storage project.
Plutus PowerGen said in a press release on Tuesday that the establishment of a special vehicle company will be the start-up of a cooperation agreement with the land and property developer. The goals of the partnership will be to identify and develop standalone battery storage projects in the UK. The parties will leverage their experience in the development, financing, construction and operation of energy storage capacities at home.
Under the initial 85-MW project, LDT will provide a suitable site and related grid connection options, while Plutus PowerGen will manage the development of the project.
The collaboration agreement is in line with Plutus PowerGen’s plans to enhance its footprint into the UK energy sector, the company noted. The UK firm has a pipeline of over 700 MW of flexible stand-by power capacity, about 120 MW of which is scheduled to become operational by end-2017, while an additional 120 MW is expected to enter post-planning stages.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.