Gore Street Energy Storage Fund is eyeing changes that would allow it to invest a greater percentage of its assets into projects outside of the UK and Republic of Ireland.
Gore Street has signed a deal with Nidec ASI for the provision of engineering, procurement and construction (EPC) services for the 49.9MW Ferrymuir and 79.9MW Stony battery storage sites.
Gore Street has completed the acquisition of a 90% stake in a 28MWh operational energy storage asset in Cremzow, Germany, as the company plans to “aggressively” pursue certain international markets.
Gore Street Energy Storage Fund’s Kilmannock battery energy storage system (BESS) in Co. Wexford, Ireland, has received an additional grid volume allocation of 90MW, building on the 30MW currently secured.
Gore Street Energy Storage Fund has acquired an 80MW energy storage project from RES, having also entered into exclusivity with the renewable energy company for over 300MW of assets.
A potential 80MW acquisition – plus Gore Street Energy Storage Fund’s 1.3GW development pipeline – is to be funded by the net proceeds of the company’s latest £135 million fundraise.
Gore Street Energy Storage Fund is proposing a new issue of ordinary shares at 102 pence per share to raise further capital for its development pipeline of 1.3GW.
