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Storage - Anesco to build and maintain 100 MW battery storage for JLEN and Foresight Solar Fund Limited (FSFL) - Renewable Energy Magazine, at the heart of clean energy journalism renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.
Business people shaking hands, finishing up a meeting. ENVIRONMENTAL infrastructure fund JLEN has snapped up the development rights to construct the Sandridge Battery Storage project near Melksham. The company has acquired a 50 per cent equity stake in Sandridge Battery Storage Ltd of Stonehouse in Gloucestershire. SBSL holds the development rights to construct the Sandridge Battery Storage project, a 50MW lithium-ion battery energy storage plant. The investment will see JLEN invest up to £12.7million over the next 12-18 months. It was has made alongside Foresight Solar Fund Ltd. JLEN chairman Richard Morse said: We are happy to announce JLEN’s latest investment into the energy storage market which is our second grid-scale battery project and the fourth asset to be added to JLEN’s portfolio of battery energy storage systems.
Published: 4 May 2021, 12:47
By:
Reporter, Solar Power Portal
Both Foresight and JLEN have taken a 50% stake in Sanbridge, JLEN s fourth battery investment alongside assets such as the co-located battery at its Yorkshire Hydropower asset in North Yorkshire (pictured). Image: JLEN.
Foresight Solar Fund and JLEN have each acquired a 50% equity stake in Sandridge Battery Storage Limited, which holds the development rights to the 50MW lithium-ion Sandridge Battery Storage project.
Located in Melksham, UK, adjacent to the Sandridge solar park which is already owned by Foresight, the asset - which is Foresight s first battery storage project - will share the distribution network point of connection with the solar park. It will be connected to Southern Electric Power Distribution’s network and have a 49.9MW import and export connection.
JLEN buys 50 per cent stake in Sandridge Battery Storage plant near Melksham wiltshiretimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiltshiretimes.co.uk Daily Mail and Mail on Sunday newspapers.