Scottish energy storage project bought by investment fund: An agreement to buy a 50MW energy storage project in Fife, Scotland has been announced by Investment fund Gore Street Energy Storage.

The fund, which primarily invests in UK located utility-scale energy storage projects, will arrange the construction and manage the energy storage system.

The plant brings the firm’s acquisition and pipeline portfolio to 239MW and is scheduled to become operational in 2022.

Alex O’Cinneide CEO noted: “The project is our first in Scotland, a very attractive market for energy storage and adds to a portfolio diversified in markets, assets and counterparties. We are proud to be part of the transition to a low carbon economy, and at the forefront of energy storage as an asset class.”

The fund announced exclusivity in February for the project which is part of the 14MW project pipeline.

Scottish energy storage project bought by investment fund

, , , , , , ,
Previous Post
200m tall concrete turbine bases could be 3D-printed
Next Post
Digital-only energy brand launch by British Gas

Related Posts

£3bn green jobs, save money and cut carbon plan

£3bn green jobs, save money and cut carbon plan: A £3 billion green jobs plan to save money, cut carbon and boost employment in the wake of the coronavirus pandemic has been announced by Chancellor Rishi Sunak. In his much-awaited UK recovery plan Summer Statement, the Chancellor outlined how he planned to tackle “profound economic…
Read More

Analysing wind forecasting in the Irish energy market

Analysing wind forecasting in the Irish energy market: It is expected that Ireland will see greater penetration of wind generation in the next 20 years. According to the Tomorrow Energy Scenarios (TES) installed capacity forecast, Ireland will have between 6GW to 8.2GW by 2040. With wind generation growth set to continue, forecasting wind accurately will…
Read More
Menu