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Investegate |SSE Plc Announcements | SSE Plc: Publication of a Prospectus

Investegate announcements from SSE Plc, Publication of a Prospectus ....

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Firm to invest more than £20m on Dundee battery plant

Firm to invest more than £20m on Dundee battery plant
© Gareth Jennings/DCT Media
The development site in South Road, Dundee
A £20 million battery storage facility in Dundee could be the solution to intermittent power generation from renewable sources.
Environmental infrastructure fund JLEN has acquired the development rights to the 50 megawatt lithium-ion plant on South Road, near Lynch Sports Centre.
The acquisition will see JLEN invest up to £21.2m over the next 12 to 15 months.
© Gareth Jennings/DCT Media
The project is expected to reach energisation and start commercial operations in March 2022.
It will be connected to Scottish Hydro Electric Power Distribution plc’s distribution network to reduce volatility in the system. ....

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JLEN acquires battery storage project | 3 March 2021

3 March 2021 | 08:04am
StockMarketWire.com - Infrastructure fund JLEN said it had acquired Gigabox South Road, which held the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant based in Dundee, UK.
JLEN would invest up to £21.2 million in the project over the next 12-15 months.
The West Gourdie project, which is fully consented and construction ready, was expected to reach energisation and start commercial operations in March 2022.
The West Gourdie project will be connected to Scottish Hydro Electric Power Distribution plc s distribution network and has a 49.9MW import and export connection, the company said. ....

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Green vision energised by the island ideal in Shetland thanks to SHEAP

FUTURE HOMES
SHEAP heats more than 1200 homes and buildings in Lerwick including schools, care homes, leisure centres and a hospital
THE Scottish Government’s Draft Heat in Buildings Strategy consultation document, published last month, emphasises that homes and workplaces account for around 21 per cent of Scotland’s total greenhouse gas emissions.
‘We can and must make very significant progress towards eliminating emissions from the way we heat our buildings over the next decade and reduce them to zero by 2045,’ it says, also pointing to heating solutions that are ‘widely used in other European countries and are now gaining a growing share of the market here in Scotland – but for many of us, they remain unfamiliar’. ....

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