The Banks Group has sold its 2900MW South Yorkshire BESS project (pictured) to West Burton Energy.
The site will be able to store renewable power generated during periods of oversupply of renewable electricity, and then release energy into the national network when there is insufficient supply of renewables generation, such as when it is less windy or sunny.
The Banks Group launched plans for the project through the reclamation and restoration of part of the former Thorpe Marsh power station site near Doncaster.After gathering feedback on the plans from local people and businesses through a range of consultation activities, Banks submitted a planning application for the development to Doncaster Metropolitan Borough Council at the start of this year.However, Banks has now sold the project to independent power producer West Burton Energy, which already operates the West Burton power station and battery energy storage system in Nottinghamshire.West Burton Energy will now take the site through the planning process, construction and into operations.The Banks Group’s Richard Dunkley said: “We are proud to have identified and proposed a project that could deliver one of the world’s largest battery storage plants providing an invaluable use for part of the derelict former power station.“Thorpe Marsh will utilise the site’s large scale grid capacity to facilitate the increased deployment of renewable energy technologies on the National Grid network, so that more of the energy that we all use in our homes, businesses, schools and hospitals can be generated via our own renewable means and less from unreliable overseas sources.“The response we’ve had from local people, businesses and community leaders over the last year to our ideas was very encouraging and we look forward to seeing West Burton Energy bringing this nationally significant scheme to fruition.“West Burton Energy’s local knowledge, significant experience in the energy generation and storage sector and access to the capital required to take this nationally-significant project forward makes them the ideal owner.”Chief growth and strategy officer at West Burton Energy Morris Van Looy added: “Richard and the Banks team have done an excellent job identifying and progressing the Thorpe Marsh energy storage project, which is a real world leader in its ambition.“West Burton Energy is delighted to take over ownership and looks forward to delivering this much needed project to ensure security of supply, maximise the use of renewable energy, and to re-use this former power station site.”The Banks Group was advised by Rothschild & Co (corporate finance and M&A) and Ashurst (legal) during the transaction. West Burton Energy was advised by Burness Paull (legal).