Quinbrook Infrastructure Partners is to build a large solar and battery storage plant in the UK.
A source told 91传媒在线 that the development cost of Project Fortress in Kent would be $370m (鈧�317m).
Global investment manager Quinbrook said it has acquired a 鈥渃onsented 350MW solar and battery storage project鈥� and expects to commence construction of the project in the first half of next year.
Once operational, Fortress is expected to be the largest single-site solar photovoltaic (PV) installation in the UK 鈥� more than three times the size of the UK鈥檚 next- largest consented solar PV project, according to the company.
Rory Quinlan, co-founder and managing partner of Quinbrook, said: 鈥淲e believe Project Fortress is a landmark transaction on many fronts, and that it represents a new frontier in UK solar teamed with large-scale battery storage.鈥�
Designated as Nationally Significant Infrastructure, Project Fortress was granted development consent in May 2020.
鈥淔ortress is an example of the scale of the new renewables impact the UK needs to build, not just to rapidly decarbonise the UK power sector but to meet the anticipated 13% increase in electricity demand by 2030,鈥� Quinlan said
Currently, Quinbrook is developing two projects, including a $1.1bn Gemini Solar + Battery Storage Project, both in Nevada, US. It said Gemini would be the 鈥渓argest co-located solar PV and battery storage project in US history鈥�.
The Kent and Nevada projects bring the company鈥檚 current solar and battery storage portfolio to well over 1.6 GW of solar PV and 1GW of battery storage capacity, representing more than $2.5bn of project capital investment for the US and UK renewables markets.
To read the digital edition of the latest 91传媒在线 magazine click here.
