- Press Releases
October 14 (Renewables Now) - UK-based RES Group said on Wednesday it has offloaded a 50-MW battery energy storage project in Scotland to renewables investor TagEnergy.
Financial details about the divestment were not available.
The deal concerns the Roaring Hill Energy Storage Project in Scotland’s Fife council area. The facility will consist of 18 battery units and will be installed in two phases. Once operational, it will provide grid stabilisation and ancillary grid services that will help balance supply and demand.
“This is an important step forward for TagEnergy as we seek to drive the pace of transition to renewables through projects that deliver reliable energy affordably and at scale,” said Franck Woitiez, CEO at TagEnergy.
To date, RES has completed 272 MW/371 MWh of energy storage projects in Europe and North America. The UK firm noted it will support Roaring Hill’s new owner in executing the project.