TagEnergy has secured financing for its Pitkevy battery storage challenge in Scotland.
The challenge, boasting a capability of 49.9MW/99.8MWh, is financed by way of a mortgage package deal of as much as £70 million from Santander UK, Rabobank and Triple Level.
Development is underway, with completion anticipated by the tip of 2024.
Franck Woitiez, Chief Government Officer, TagEnergy stated: “We’re proud to leverage this landmark debt package deal – secured and not using a income ground underneath our revolutionary financing mannequin – to carry one other facility to life as we work so as to add stability to the grid and speed up the power transition in the direction of internet zero.”
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