Intelligent Land Investments (ILI) Group has announced the successful sale of their 50MW battery storage project in Scotland to EDP Renewables (EDPR).
The Balnacraig project in the Highlands is expected to play an important role in grid management, offering flexibility and supporting the country’s renewable energy strategy.
The construction is set to kick off in a few months, with the aim of start operation until the beginning of 2025.
This transaction brings the total to 900MW of energy storage projects that ILI Group has progressed to the development stage.
The company has an ‘overall portfolio of 4.7GW of energy storage projects across Scotland, including 2.5GW of pumped storage hydro and 2.5GW of battery storage.
EDPR is investing in optimising resources and improving energy efficiency by developing energy storage projects in the UK, one of its key European markets.
Mark Wilson, chief executive of ILI Group, said: “We are pleased to announce this sale of our 50MW Balnacraig battery storage project to EDPR, a global leader in renewable energy development.
“Energy storage is absolutely vital to supporting the continued growth of renewables and ensuring grid stability as we work to decarbonize our energy system.
“Our pumped hydro and battery storage portfolio represents crucial infrastructure for balancing supply and demand. We are delighted to intrust 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.”