TagEnergy has acquired the 50MW Pitkevy battery storage project from ILI Group.
Located in Scotland, the project will connect to the grid in 2024.
ILI Group are developing over 4GW of energy storage projects in the UK, with a project pipeline comprising 2.5GW of pumped storage hydro and 1.9GW of battery storage.
TagEnergy entered the rapidly expanding UK renewables market in 2021 and has now 20MW/40MWh under operation, 50MW/100MWh under construction and over 250MW/500MWh of ready to be built projects, along with a pipeline of projects under development.
CEO of ILI Group Mark Wilson said: “We are delighted to announce the sale of our 50MW project Pitkevy and would like to thank TagEnergy for their commitment during the process.
“This is the seventh battery storage project we have taken to market, bringing the total to 350MW we have successively funded. A further 400MW of battery projects are being prepared for market this year.
“Energy storage projects such as Pitkevy are crucial for achieving Net-Zero by helping balance the electricity network as we transition from fossil fuels to renewable energy.”
CEO of TagEnergy Franck Woitiez added: “We are very pleased to proceed with this acquisition, and look forward to doing further business with ILI after this fruitful collaboration.
“TagEnergy is building a strong network of partners in the UK after the agreements with RES and Harmony, and now ILI Group. TagEnergy is pursuing its strong involvement in the UK market, to connect more sustainable, competitive and clean power to the national grid and accelerate the energy transition.”