By: Mercom Capital Group
Green Hedge Infra, a developer of utility-scale battery storage projects, has completed the sale of its first ready-to-build battery storage project in Germany to Econergyan independent power producer specializing in renewable energy. The 100 MW project currently under construction is located on a mixed commercial area near Senftenberg in the Brandenburg region and is expected to offer up to four hours of storage capacity.
Enlight Renewable Energy, a renewable energy project developer, announced that its US subsidiary Clēnera Holdings has done so closed two tax equity partnerships $340 million in contracts for its Roadrunner solar and energy storage project near Tucson, Arizona.
Ares Management Corporation, an investment manager, announced that a fund managed by the Ares Infrastructure Opportunities strategy has acquired a 49% stake in a portfolio of assets of EDP Renováveis, a developer, owner and operator of renewable energy infrastructure. The portfolio's total enterprise value is estimated at approximately $2.9 billion. The diversified portfolio includes 10 assets with a total capacity of 1,632 MW, including 1,030 MW of solar energy, 402 MW of wind energy and 200 MW of energy storage, spread across four US electricity markets. Long-term power purchase agreements exist for all projects with an average remaining contract term of 18 years.
Varco Energy, a UK-based owner and operator of battery storage facilities, has done so announced the acquisition of the 100 MW Old Allen Road Battery Energy Storage System (BESS)also known as Bradford West 2, in West Yorkshire. The 100MW grid-scale facility in West Yorkshire is designed to provide essential flexibility and grid balancing services to the UK electricity network. Evolution Infrastructure acted as financial advisor on the sale of the Old Allen Road battery energy storage system to Varco Energy.
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