Green Hedge Energy UK has sold Bluefield Solar two standalone battery storage projects totaling 80MW.
The £4.5 million (€5.3 million) purchase covers the development rights, grid connection charges, and land leasing for the two projects in Derbyshire and Worcestershire.
Both projects have received complete approval and will soon be connected to the grid. The construction is scheduled to begin in 2022.
Bluefield stated that more information will be offered to shareholders in the future.
John Rennocks, chairman of Bluefield Solar, said “We are delighted to have acquired these two significant battery storage developments from Green Hedge, which we look forward to building. Energy storage has a key role in supporting the decarbonisation of the electricity system in Great Britain.”
“Once operational, it is intended the assets will be able to participate in a variety of valuable services to support the grid and to enable the company to further diversify its revenue streams.”
“The board and our investment adviser continues to carefully assess a strong pipeline of opportunities across both primary and secondary markets.”