Bluefield Solar has acquired two standalone battery storage projects totalling 80MW from Green Hedge Energy UK.
The £4.5m (€5.3m) acquisition represents the development rights, grid connection costs and the leasehold of land for the two projects, which are based in Derbyshire and Worcestershire.
Both projects are fully consented and benefit from near-term grid connections.
Construction is expected to start in 2022.
Further updates will be provided to shareholders in due course, Bluefield said.
Bluefield Solar chairman John Rennocks said: “We are delighted to have acquired these two significant battery storage developments from Green Hedge, which we look forward to building. Energy storage has a key role in supporting the decarbonisation of the electricity system in Great Britain.
“Once operational, it is intended the assets will be able to participate in a variety of valuable services to support the grid and to enable the company to further diversify its revenue streams.
“The board and our investment adviser continues to carefully assess a strong pipeline of opportunities across both primary and secondary markets.”