EDP Renewables has acquired the 50MW Balnacraig battery storage project, located near Alness in the Scottish Highlands, from clean energy developer Intelligent Land Investments Group.
Construction of the battery, which will store enough energy to power every home in the Highlands for two hours, is “set to kick off in a few months” with the aim of beginning operations at the beginning of 2025.
The transaction brings the total capacity of energy storage projects that ILI Group has progressed to the development stage to 900MW. The company has a portfolio of 4.7 GW of energy storage projects across Scotland, including 2.5 GW of pumped storage hydro and 2.5 GW of battery storage.
Mark Wilson, CEO of ILI Group, said: “Energy storage is absolutely vital to supporting the continued growth of renewables and ensuring grid stability as we work to decarbonise our energy system. Our pumped hydro and battery storage portfolio represents crucial infrastructure for balancing supply and demand. We are delighted to entrust this project to EDP, a company that shares our vision for a greener, more resilient energy system.”
Carmen Caminero, country manager of UK at EDP Renewables, added: “EDPR is ramping up its investments in solutions that can contribute to a higher use of renewable electricity and maximize energy efficiency. By adding this new asset to our portfolio in the UK, a leading market in storage systems, we are paving the way to other investments in this crucial technology for a sustainable energy transition”.