Fotowatio Renewable Ventures, a leading developer of sustainable energy solutions, and part of Saudi-based Abdul Latif Jameel Energy, has announced the acquisition of two battery energy storage projects located in the Midlands. 

 

The portfolio was acquired from RE Projects Development Limited (REPD), a leading developer of utility scale solar and battery projects in the UK, who is the originator and the developer of the projects. Each project covers a total of 1.01 hectares.  It is scheduled to enter the ready-to-build phase during the third quarter of 2023.

 

Tyler Hill Renewables, a UK headquartered renewable energy company, that sourced this opportunity for FRV, is also assisting in the development process. 

 

Two lithium-ion battery storage systems

The projects will consist of two lithium-ion battery storage systems totalling a combined capacity of up to 100MW, which will allow importing and exporting energy connected to the distribution network. Both projects are following planning programmes to meet target ready-to-build dates.

 

Fady Jameel, Deputy Chairman and Vice Chairman of Abdul Latif Jameel, said: "At Abdul Latif Jameel Energy, we are passionate about working with best-in-class partners that share our vision to drive the green revolution through the use of innovative technologies.  Once again, FRV and Tyler Hill Renewables have demonstrated that we are stronger together in addressing the challenges of climate change.  Projects such as this serve as a powerful reminder to the world that battery storage is an increasingly viable option towards a more sustainable future for all.”

 

David Menéndez, Managing Director of FRV UK said: "With REPD & Tyler Hill we welcome these two new battery energy storage projects in the UK, adding to a portfolio that also includes other outstanding projects such as Contego and Clay Tye. In this way, we continue our commitment to expanding FRV's portfolio of energy storage projects internationally and continue to make a significant contribution to the evolution towards a more sustainable energy model in the country, one of our major strategic objectives."

 

Commitment

These two projects reflect FRV´s and Abdul Latif Jameel Energy’s commitment to battery storage, adding five BESS projects already in operation, under construction and in development. All of these projects equal 340 MW, which added to the 1 GW recently announced after creating FRV TH Powertek Limited, a joint venture between FRV and Tyler Hill Partners, will create UK´s biggest BESS Portfolio. 

-- TradeArabia News Service