April 26 (Renewables Now) – NextEnergy Photo voltaic Fund Ltd (LON:NESF) will add a 6-MW/12-MWh battery system to its present 11-MW North Norfolk photo voltaic farm in what’s its first co-located battery storage mission.
The listed funding firm managed by NextEnergy Capital, a part of NextEnergy Group, mentioned on Tuesday it has secured planning permission for the co-located facility and expects to kick off building later in 2022.
An additional 4 potential areas for co-located batteries have been recognized. Beneath its retrofit programme, the corporate desires to use battery storage collocation alternatives introduced by its 91 UK photo voltaic property. That is along with its present three way partnership with Eelpower, introduced final 12 months, for 250 MW of standalone battery storage.
“Implementing co-located batteries throughout the portfolio presents a pretty progress alternative for NESF as these property provide each synergies with our PV property, in addition to providing diversification to our portfolio earnings,” mentioned NextEnergy Group chief government Michael Bonte-Friedheim.
In accordance with Ross Grier, UK managing director of NextEnergy Capital, power market volatility and continued demand for extra renewable power will enhance the worth proposition for battery storage inside NESF’s portfolio.