GE Vernova invests in Xlinks’ Morocco-UK renewables export project
Apr 30, 2024 14:13 CESTForesight Energy Infrastructure Partners (FEIP), the flagship energy transition fund of Foresight Group LLP, said today it will invest in a co-located pumped-storage hydro and wind project at the site of a dormant opencast coal mine in Scotland.
The scheme calls for the construction of a pumped-storage hydroelectric plant with a storage capacity of 1,600 MWh and a 33.6-MW wind farm made up of eight 4.2-MW turbines. At a rate of 210 MW per hour, the hydropower facility will be able to provide eight hours of storage capacity.
The project site is at the disused 1,547-acre Glenmuckloch opencast coal mine near Kirkconnel. It will store power during periods of excess supply and release it at times of peak demand.
FEIP noted that there have only been five such plants in the UK to date.
GE Vernova invests in Xlinks’ Morocco-UK renewables export project
Apr 30, 2024 14:13 CESTCubico extends previously agreed USD-700m credit facility
Apr 30, 2024 12:00 CESTNextEnergy solar-storage OECD fund raises USD 745m
Apr 30, 2024 8:56 CESTExagen gets consent for 20-MW BESS project in England
Apr 26, 2024 16:19 CESTHarmony Energy gets GBP-10m loan for BESS development
Apr 26, 2024 11:51 CESTOctopus Energy invests in floating wind specialist Ocergy
Apr 25, 2024 16:40 CEST