The Abu Dhabi sovereign investor Mubadala Investment Company has announced a strategic investment in battery energy storage and EV fleet solutions provider Zenobē.
Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland, following a £235 million long-term debt facility secured from five banks.
Zenobē secures £235 million to develop two battery energy storage projects in Scotland. The agreement also includes a £400 million accordion facility that will be used to debt finance expansions as well as future projects.
International EV fleet and battery storage specialist Zenobē has today announced that construction has begun on three battery storage projects at Blackhillock, Kilmarnock South and Eccles in Scotland, which will total £750 million of investment.