Fidra Energy secures £231 million financing for 500 MW West Burton C battery storage project
Type: Financing · Technology: Storage · Country: United Kingdom · Capacity: 500 MW · Value: GBP 231M · Announced: 2026-07-16
Fidra Energy announced on 16 July 2026 that it secured £231 million of loan facilities from a club of international lenders to finance the West Burton C battery energy storage project. The 500 MW/1.1 GWh facility will be built on the existing West Burton Energy site in Nottinghamshire, England, and is slated to begin commercial operation in 2028. The project will use the new battery system to store low‑carbon electricity and provide flexible grid services, leveraging the existing transmission network to avoid new line construction. Investors EIG and the National Wealth Fund are also backing the development, underscoring the growing role of storage in the UK’s clean‑energy transition. The financing structure, comprising senior debt from unnamed lenders, positions the project as one of the largest battery storage assets in Europe and demonstrates the bankability of long‑duration storage.
Counterparties
- Fidra Energy (Borrower)
- EIG (Investor)
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