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RES has completed the sale of an 80MW energy storage project in the UK to Gore Street.
The construction-ready energy storage project is located in Milton Keynes, England and has an expected total capital expenditure of £30m spread over the next 12 to 15 months.
The project is scheduled to become operational in Q1 2023, though Gore Street is exploring ways to potentially bring this target forward.
At 80MW, the battery will be one of the single largest energy storage assets in the UK.
Gore Street said it has also entered into exclusivity on over 300MW of assets which are currently subject to due diligence and are expected to close in the coming months.