Friday, November 22, 2024
EnergyLatestNews

Four battery storage assets acquired

Sustainable infrastructure investment firm SUSI Partners, supported by RINA, has acquired four lithium-ion battery storage assets in the UK.

The total portfolio is comprised of four assets totalling 90MW with RINA providing full technical due diligence along with assistance during the procurement.

The transactions, which involved three front-of-the-meter utility scale battery storage assets in the UK with a cumulative capacity of 40MW in construction or operation and an additional 50MW in the tendering phase in Scotland, mark SUSI’s entry into the UK battery storage market.

Energy storage facilitates provide intermittent generation from renewable resources to integrate into the energy mix and help secure the network through ancillary services such as Dynamic Containment (DC) and Firm Frequency Response (FFR).

Richard Abrams, Renewables Director at RINA, said: “With sustainability, decarbonisation and renewables and storage as core parts of the RINA business, we are pleased to be able to offer a strong track record in these areas. We were delighted to be appointed by SUSI Partners to be their Technical Advisor of choice on these four projects, which, with challenging timescales, reflected the broad and flexible capacity RINA can offer through its UK and global business.”

As Technical Advisor, RINA produced due diligence reports for the projects, including a review of construction and battery supply contracts, the grid connection offer, planning, and route to market contracts.

RINA also analysed the operational assets and reviewed capacity degradation, as well as supporting the tendering process with reviews of tender packs and bids for EPC and O&M contracts.

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