Intelligent Land Investments (ILI) Group has sold 50MW battery storage projects in Europe.
The Group announced the successful sale of their project to EDP Renewables (EDPR) in Scotland.
The Balnacraig project in the Highlands aims to start operation by 2025, as the construction is set to kick off in a few months.
According to the company, the “project will play an important role in grid management, offering flexibility and supporting the country’s renewable energy strategy.”
With the current development, the transaction brings ILI Group’s energy storage projects to 900MW in the development stage, it said. So far, the company has a portfolio of 4.7GW of energy storage projects across Scotland.
Mark Wilson, chief executive of ILI Group, was quoted in a statement, "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”
Meanwhile, EDPR has been developing energy storage projects in its key European markets, including the UK.
Carmen Caminero, country manager of UK at EDP Renewables, remarked, "EDPR is ramping up its investments in solutions that can contribute to a higher use of renewable electricity and maximize energy efficiency.”
He further said the company is considering more investments for a sustainable energy transition.