Clean energy developer ILI Group has sold its 50MW Clayfords battery storage project in Aberdeenshire to JLEN and the Foresight Solar Fund.
ILI is developing 4GW of energy storage projects in the UK, with a project pipeline comprising 2.5GW of pumped storage hydro and 1.5GW of battery storage.
Group chief executive Mark Wilson said: “This is now the sixth battery storage project we have sold, bringing the total to 300MW we have brought to the market.
“There is another 400MW that will be ready for sale before the end of the year.
“A massive increase in energy storage is a crucial catalyst for the further growth of renewable energy and reducing reliance on fossil fuels,“ he continued, adding: “Projects like Clayfords will help the UK realise its net zero aspirations.”
Foresight's Solar Fund has 1,068MW of capacity across the UK, mainland Europe and Australia and a net asset value of £754.9m as at 30 June.
Ross Driver, director in Foresight’s infrastructure team, said: “This is the second storage transaction we have now completed with ILI Group and we look forward to reviewing further opportunities together in the future.”
JLEN is a diversified listed environmental infrastructure investment fund established in 2014, with 38 assets in the portfolio, circa 360MW of operating capacity and a net asset value of £762.9m as at the end of March.
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