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.
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.
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.
Gresham House Energy Storage Fund has completed the acquisition of the c.30MW Byers Brae project for a total value of £15.6 million, plus up to £0.35 million of deferred contingent consideration.
