Fotowatio Renewable Ventures acquires two new battery assets adding 100MW to portfolio

Developer Fotowatio Renewable Ventures (FRV) has acquired two new battery energy storage projects, with a combined capacity of up to 100MW, from RE Projects Development Limited (REPD).

The lithium-ion battery storage projects collectively cover a little over one hectare, and are expected to reach the ready-to-build phase during the third quarter of 2023.

Developer Tyler Hill Renewables sourced the acquisition opportunity for FRV – which is part of Abdul Latif Jameel Energy – and will assist in the development process.

“With REPD & Tyler Hill we welcome these two new battery energy storage projects in the United Kingdom, adding to a portfolio that also includes other outstanding projects such as Contego and Clay Tye,” said David Menéndez, managing director of FRV UK.

“In this way, we continue our commitment to expanding FRV's portfolio of energy storage projects internationally and continue to make a significant contribution to the evolution towards a more sustainable energy model in the country, one of our major strategic objectives.”

FRV has been working to build out its portfolio of assets in the UK. It currently has five battery energy storage projects in operation, under construction and in development. Collectively these have a capacity of 340MW.

This includes the 99MW Clay Tye battery – mentioned above – which it is developing together with Harmony Energy. The companies have previously completed two BESS projects together in the UK. The Contego BESS in West Sussex, a 34MW/68MWh system, came online late last year while the 7.5MW/15MWh Holes Bay project in Dorset was compeleted in 2020. 

Additionally, FRV signed a £1 billion partnership with Tyler Hill Partners earlier in October, to create a platform dubbed RV TH Powertek Limited to develop, build and operate up to 1GW/2GWh of battery energy storage system projects in the UK over the next five years.

“At Abdul Latif Jameel Energy, we are passionate about working with best-in-class partners that share our vision to drive the green revolution through the use of innovative technologies,” said Fady Jameel, deputy chairman and vice chairman of Abdul Latif Jameel.

“Once again, FRV and Tyler Hill Renewables have demonstrated that we are stronger together in addressing the challenges of climate change. Projects such as this serve as a powerful reminder to the world that battery storage is an increasingly viable option towards a more sustainable future for all.”