(Alliance News) - NextEnergy Solar Fund Ltd on Tuesday said Camilla, its maiden 50 megawatt energy storage asset in Scotland, has successfully started operations.
The London-based renewable energy investment firm said its total installed net capacity has increased to 1,014 MW as a result.
Camilla is a 50MW one-hour lithium-ion battery located in Fife, Scotland, which has been pre-configured for augmentation to two hours.
Camilla is the first asset to be delivered through NextEnergy's GBP200 million joint venture deal with London-based battery storage developer, Eelpower Ltd, which was signed back in September 2023.
Camilla was connected to the National Grid in December 2023.
Chair Helen Mahy said: "Camilla is conveniently located adjacent to the Glenniston substation and is already connected to the National Grid, supporting constraints on Grid interconnector capacity to areas of high demand. Energy storage assets will play a crucial role in the UK's transition to net-zero, and we are proud to play a central role in achieving this."
Shares in NextEnergy Solar Fund were 1.1% higher at 74.00 pence each in London on Tuesday morning.
By Sabrina Penty, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
NextEnergy Solar (NESF)
National Grid (NG.)