JLEN Environmental Assets Group (JLEN) has completed the acquisition of a 50% equity stake in Clayfords Energy Storage Limited (CESL), the developer of a 50 MW battery energy storage project, from Intelligent Land Investment Group. CESL holds the development rights to construct a lithium-ion battery energy storage system plant in Buchan, Aberdeenshire, UK.
The deal is closed at a total of GBP14.1 million (US$17.28 million) with the investment made in partnership with Foresight Solar Fund Ltd. The commercial operation of the project is expected to start in Q4 2024.
The plant will be connected to the Scottish Hydro Electric Power Distribution plc's distribution network once commissioned.
Fred. Olsen Seawind and Vattenfall have awarded over GBP3 million (US$3.7 million) in development contracts with suppliers in Scotland, UK for the development of Mara Mhòr Offshore Wind Farm....
Read moreNextEnergy Solar Fund Ltd (NESF), managed by NextEnergy Capital Group, has been awarded a subsidized solar contract through UK's fourth Contracts for Difference (CfD) Allocation Round (AR4)...
Read moreBritish International Investment (BII) and the Netherlands Development Finance Company (FMO) have announced a joint commitment of US$116 million to the African Infrastructure Investment Fund 4 (AIIF4)...
Read moreBritish International Investment (BII) and the Netherlands Development Finance Company (FMO) have announced a joint commitment of US$116 million to the African Infrastructure Investment Fund 4 (AIIF4)...
Read moreConrad Energy has officially begun construction on a battery energy storage system with a capacity of 200 megawatts (MW) located in Midsomer Norton, Somerset in the southwestern region of England...
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