ContourGlobal Acquires 500 MW / 2,000 MWh Wallace BESS Project in Ayr, Scotland, Entering UK Market
ContourGlobal has entered the UK market through the acquisition of Wallace, a 500 MW / 2,000 MWh battery energy storage project in Ayr, Scotland, from New Energy Partnership Limited and other sellers. One of the largest BESS developments in the UK, Wallace will support grid balancing and integration of Scotland's surplus wind generation, with plans to participate in the UK Capacity Market and Balancing Mechanism.
Transaction date: · Source: contourglobal.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 500 MW
- Transaction price
- Not disclosed
- Buyer
- ContourGlobal
- Country
- United Kingdom
- Region
- Southwestern Scotland
- Location
- Ayr, Scotland, behind key transmission constraint boundaries
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
500 MW / 2,000 MWh grid-scale battery energy storage system with four hours of storage duration. One of the largest BESS developments under construction in the UK. Positioned to support grid balancing and integration of Scotland's surplus wind generation. Expected to participate in the upcoming UK Capacity Market auction and combine contracted arrangements with merchant exposure, including value capture via the UK's Balancing Mechanism.
Additional information
Transaction subject to fulfilment of certain conditions. Marks ContourGlobal's strategic entry into the UK market. Wallace will be the largest BESS project in ContourGlobal's portfolio by energy storage capacity, surpassing a recently commissioned 200 MW / 1,300 MWh hybrid BESS asset in Chile. ContourGlobal is also preparing to begin construction of a 360 MW / 1,400 MWh hybrid solar-plus-storage project in Arizona, USA. Scotland is highlighted as one of Europe's most active regions for hyperscale data center development, increasing demand for flexible storage to manage curtailment of surplus renewable generation.
Source
Original announcement: https://www.contourglobal.com/news/contourglobal-enters-the-united-kingdom-through-the-acquisition-of-a-500-mw-2000-mwh-battery-storage-project-in-scotland/