Developers who were successful in winning contracts within last week’s Capacity Market auction have lauded the “crucial role” battery storage is set to play in the future for the national grid.
The number of battery storage projects to have won 15-year contracts in the latest Capacity Market auction is a sign of “considerable confidence” in the technology, according to the director of the Electricity Storage Network.
Storage projects have landed more than 3.2GW of contracts in the provisional Capacity Market auction results, around 500MW of which has been allocated to new-build battery storage projects.
Bluefield Solar Income Fund (BSIF) has confirmed the acquisition of five new build solar farms as the investment group continues to build its 1.2 ROC portfolio.
Herefordshire Council has approved planning permission for the construction of a 20MW energy storage system (ESS) which will provide real-time grid stabilisation to the local distribution network.
Silverlight Capital Partners is preparing to target between 600 and 800MW of operational UK solar assets in expectation that the secondary market will double within the next six months.
NextEnergy Solar Fund (NESF) has raised gross proceeds of more than £115 million in the first tranche of a major share issuance programme which was oversubscribed.
