Grenergy secures capacity contracts for four 760 MWh battery storage projects in the UK
Grenergy has secured 15-year capacity contracts for four battery storage projects totaling 760 MWh (190 MW nominal power) in the UK, following an auction by the National Energy System Operator (NESO). These projects, named 'Scalm Park', 'Spring Lane', 'Buxton Road', and 'Fibden Farm', will provide grid stability starting October 2029, with remuneration exceeding 40 million euros at a fixed price of 27.10 pounds per kilowatt.
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- 15-year capacity contracts secured.
- Over €40M remuneration at a fixed £27.10/kW.
- Projects 'Scalm Park', 'Spring Lane', 'Buxton Road', and 'Fibden Farm' total 760 MWh.
- NESO, a new UK public corporation (est. 2024), is the offtaker.
Source Intelligence
The capacity contracts are for four battery storage projects, two of which are hybrid and two are stand-alone. The remuneration is at a fixed price indexed to CPI. The capacity revenues are part of a 'revenue stack' which is expected to include energy sales and participation in all available markets, including complementary services. Grenergy previously secured a 20-year solar supply contract for the 'Fibden Farm' plant, starting 2028-2029, guaranteeing minimum revenues of 55 million pounds (approximately 63.7 million euros). Quotes: "En concreto, se trata de dos proyectos híbridos y otros dos 'stand-alone'", "remunerados a un precio fijo (indexado al IPC)", "Los ingresos por capacidad constituyen una parte del 'revenue stack' o estructura de ingresos prevista para cada proyecto. Está previsto que a estos se añadan los provenientes de la compraventa de energía, así como los de la participación en todos los mercados disponibles, incluyendo los servicios complementarios", "Grenergy ya obtuvo en febrero un contrato de suministro solar para la planta 'Fibden Farm' en la última subasta renovable del Reino Unido. El acuerdo, con una vigencia de 20 años a partir de 2028-2029, garantiza unos ingresos mínimos de 55 millones de libras (unos 63,7 millones de euros)."
"Grenergy ha logrado contratos de capacidad para cuatro proyectos de almacenamiento"
"última subasta organizada por el operador del sistema eléctrico de Reino Unido -NESO (National Energy System Operator)"
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