The acquisition includes a 40MW energy storage site and a 20MW gas peaking site.
Drax is repositioning itself as a flexible power provider. The deal includes a 440MW pumped storage hydro asset in Scotland.
The batteries, both in Essex, have a combined capacity of 19MW. The acquisition is Gore Street’s first following the IPO of its fund in May 2018.
Macquarie Capital’s Green Investment Group (GIG) has acquired a solar development portfolio and a team of 88 people from Singapore-based solar developer Conergy Asia & ME. Conergy employees in Singapore, Australia, Japan, Germany and the Philippines will join GIG. The acquisition will also result in the transfer of commercial, technical […]
Independent developer Eelpower said it acquired Anesco’s 20MW Rock Farm battery storage scheme July 17th. The Rock Farm battery scheme is located near Ludlow in Shropshire and connected to the local grid, owned and operated by Western Power Distribution. The battery comprises 16, 1.25MW BYD-manufactured storage units constructed by Anesco […]
The oil and gas giant said the acquisition is a milestone in the move towards low carbon motoring in the UK.
Singapore’s Sembcorp has acquired flexible distributed energy company UK Power Reserve (UKPR) in a deal announced May 31st 2018. The enterprise value of the transaction was approximately GBP340m, including net debt of around GBP121m. The equity value was GBP216m. Sembcorp said it would fund the deal through a mix of […]