The Legal & General (L&G) NTR Clean Power Fund has acquired a ready-to-build solar and battery energy storage system (BESS) portfolio from Strategic Power Projects (SPP).
There is now over 7GWh of grid-scale BESS capacity online in the UK, but 2024 saw a slowdown in both capacity additions and overall pipeline growth, while Ireland saw growth.
Energy consultancy Cornwall Insight has forecast that short-to-medium duration battery storage capacity on Ireland’s single electricity market (SEM) will increase fivefold by 2030.
Octopus Renewables Infrastructure Trust (ORIT), part of UK utility Octopus Energy, has completed the acquisition of a newly constructed 42MW solar farm near Dublin in Ireland.
Renewable energy developer RES has submitted a planning proposal for a battery energy storage system (BESS) project to be located southeast of Newbuildings, County Derry.